A Texas bankruptcy court went beyond its jurisdictional limits by weighing in on a dispute between Just Energy Group Inc. and Texas’ grid operator over the soaring electricity prices caused by Winter Storm Uri, an appeals court has found.
The US Bankruptcy Court for the Southern District of Texas should have allowed a state court to handle a pricing dispute between natural gas and electricity retailer Just Energy and the Electric Reliability Council of Texas Inc., or ERCOT, the US Court of Appeals for the Fifth Circuit said in its published opinion Thursday.
The Fifth Circuit handed a significant win ...