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NJ Utility Can't Arbitrate Solar Row With Blackstone Unit

Law360 (February 14, 2018, 4:50 PM EST) -- A New Jersey appeals court on Wednesday said a utility affiliate could not force arbitration of its dispute with a company backed by private equity firm Blackstone under a purported contract for the $17.1 million sale of solar renewable energy credits, finding the parties never entered into a binding agreement.

The three-judge appellate panel upheld a trial court ruling denying PSEG Energy Resources & Trade LLC's bid to compel arbitration of its claims against Onyx Renewable Partners LP, saying contract documents were never executed and rejecting...
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