State District Judge Laura Salinas has ordered the municipally owned utility CPS Energy to pay nearly $400 million to two Energy Transfer subsidiaries after ruling it breached contracts for natural gas purchased during the February 2021 winter storm.
In a final judgment signed July 2, Salinas awarded Houston Pipe Line Company and Oasis Pipeline nearly $264 million in unpaid contract amounts, about $119 million in prejudgment interest and more than $9.3 million in attorneys’ fees. The ruling also requires CPS Energy to pay court costs and post-judgment interest.
Final Judgment by Texas Public Radio…