A liquidating trustee for former Texas energy retailer Entrust Energy Inc. can advance its claims that a Shell unit owes it at least $175 million for allegedly breaching their energy supply contracts amid Winter Storm Uri, a bankruptcy judge ruled.
Houston-based Entrust claimed that energy wholesaler Shell Energy North America US LP forced it to pay for electricity at “dramatically elevated” prices as Texas endured freezing temperatures and a demand spike in February 2021.
The ruling is a win for Entrust, keeping alive its claims that the Shell unit improperly terminated their energy supply contracts, forcing it buy power from ...
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