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EnergyTexas wind farms sue Citigroup over charges from winter storm
Liz Hampton
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The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren
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A Canadian renewable energy firm on Wednesday sued Citigroup Inc for rejecting force majeure declarations during a February winter storm and billing it over $100 million for replacement power, according to lawsuits filed in a Texas state court.
Shannon Wind and Flat Top Wind, subsidiaries of Innergex Renewable Energy Inc (INE.TO), operate North Texas wind farms that halted their wind turbines during an arctic deep freeze. Both had agreements to physically deliver power to Citi Energy, a unit of Citigroup Inc (C.N), at fixed prices.
Texas wind farms sue Citigroup over charges from winter storm
By Liz Hampton
Reuters
(Reuters) -A Canadian renewable energy firm on Wednesday sued Citigroup Inc for rejecting force majeure declarations during a February winter storm and billing it over $100 million for replacement power, according to lawsuits filed in a Texas state court.
Shannon Wind and Flat Top Wind, subsidiaries of Innergex Renewable Energy Inc, operate North Texas wind farms that halted their wind turbines during an arctic deep freeze. Both had agreements to physically deliver power to Citi Energy, a unit of Citigroup Inc, at fixed prices.
Unusually frigid temperatures knocked out nearly half of the state s power plants in mid-February, leaving 4.5 million people without heat or light for days and bankrupting at least three companies due to high wholesale power prices.
HOUSTON A woman who was knocked to the ground and suffered serious injuries after an intoxicated man at Houston bar fell on top of her is suing for $10 million in damages.
Eileen Kay filed a complaint April 17 in Harris County District Court against Brobe Inc., doing business as Molly s Pub, Findal Inc., and James Joseph Scheurich alleging negligence.
According to her complaint, Kay was a patron at Molly s Pub on Ramada Drive in Houston on April 1, 2021. She alleges that Scheurich was also a patron at the pub during that time and was obviously intoxicated and presented a clear danger to himself and to others.
Texas wind farms sue Citigroup over charges from storm businessinsurance.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessinsurance.com Daily Mail and Mail on Sunday newspapers.