LTS Leaderboard

Main Menu

Header Banner
Liquidity crisis
››Brazos lawsuit over $1.9 billion ERCOT bill suspended for mediation

Brazos lawsuit over $1.9 billion ERCOT bill suspended for mediation

By Mary Jenkins
March 3, 2022
14
0
By Vince Sullivan (March 3, 2022, 4:30 PM EST) – Bankrupt retail electricity provider Brazos Electric Power Cooperative Inc. agreed Thursday to stay an ongoing lawsuit in Texas bankruptcy court regarding the claim of 1 .9 billion dollars from the Texas electricity market regulator against him, so that the parties can initiate mediation and reach an agreement on the appropriate amount of the claim.

After a lunch break on the eighth day of the trial, representatives from Brazos and the Electric Reliability Council of Texas returned to the courtroom and announced that proceedings would be adjourned for the next few weeks as they were pursuing a mediated settlement of the board’s claims. incurred by the…

Stay one step ahead

In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.

  • Access to case data in articles (numbers, filings, courts, nature of lawsuits, etc.)
  • Access to attached documents such as briefs, motions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and more!

TRY LAW360 FREE FOR SEVEN DAYS

Related posts:

  1. Letter: Markets Heading For Minsky Second
  2. Saving markets from a pandemic disaster comes at a price
  3. Economists nervous in regards to the results of the US aid program
  4. Shaving delivery danger