Energy Transfer Nets $393M Final Judgment in Winter Storm Uri Gas Pricing Dispute

Following a three-week bench trial before Bexar County Judge Laura Salinas, the court has entered a $393 million final judgment in Energy Transfer’s favor in a contract dispute stemming from a spike in natural gas rates in February 2021 during Winter Storm Uri.

Judge Laura Salinas ruled that San Antonio’s municipally owned utility, CPS Energy, breached its supply contracts and must pay Energy Transfer’s subsidiaries for unpaid invoices, compounding interest, and attorney fees.