Appeals Court Rules Winter Storm Uri Cases Can Move Forward Against Transmission and Distribution Utilities [Yahoo! Finance]
CenterPoint Energy, Inc (Holding Co) (CNP)
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Source: Yahoo! Finance
DALLAS, April 03, 2024 BUSINESS WIRE )--A three-judge panel of the Texas 14th Court of Appeals in Houston has unanimously ruled that Winter Storm Uri-related lawsuits against Texas electric transmission and distribution utilities (TDUs) can move forward to trial. The panel's ruling specifically allows allegations of gross negligence and intentional misconduct to proceed against defendants, including CenterPoint Energy, Oncor Electric Delivery and American Electric Power, which are described in the lawsuits as the businesses providing power via wires connected to the affected homes. "There is no denying the deliberate actions and blatant disregard for the TDU's own customers," said Nachawati Law Group lawyer Ann Saucer , who represents homeowners and families impacted by the blackout. "It was a conscious decision to cut off power to certain neighborhoods and several people lost their lives as a result. These companies were warned, and they chose not to act." The ruling cites spe
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CNP
Earnings
- 4/30/24 - Beat
CNP
Sec Filings
- 4/30/24 - Form 8-K
- 4/29/24 - Form 8-K
- 4/1/24 - Form PX14A6G
- CNP's page on the SEC website