Shell to Test Bankrupt Entrust’s Risk Policy in Contract Fight

Entrust Energy Inc. will have to undergo court scrutiny to determine if it complied with its own risk policy before the electricity retailer’s bankruptcy estate can proceed with a $175 million suit against a Shell unit over canceled contracts.

U.S. Bankruptcy Judge Marvin Isgur said Wednesday that he plans to hold a “minitrial” later this year on the risk policy. Issues surrounding the policy need to be ironed out before a trust in Entrust’s bankruptcy can advance claims that Shell Energy North America US LP breached an electricity-supply deal before last year’s winter storm in Texas, the judge said at ...