During the deadly winter storms that rocked Texas in February 2021, the state’s Public Utility Commission raised the wholesale price of electricity to the maximum $9,000 per megawatt-hour—a rate as much as 300 times higher than normal—in hopes of spurring additional power generation. The Commission kept the level there for four days—something an independent monitor has since determined led to some $16 billion in overcharges.
This week’s Litigators of the Week—Allyson Ho and Mike Raiff of Gibson Dunn & Crutcher and Bill Moore of Enoch Kever—got a blockbuster win last week for client Luminant Energy Co. at the state’s Third District Court of Appeals finding that the Public Utility Commission’s moves violated its statutory mandate to “use competitive methods to the greatest extent feasible and impose the least impact on competition.”
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]