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Power Trader Fights $25M Loss Over Winter Storm At 5th Circ.

By Dorothy Atkins ( February 13, 2024, 5:37 PM EST) -- A power trader told the Fifth Circuit Monday that a lower court wrongly awarded an electricity seller over $25 million in a contract fight over electricity price-hedging deals that sustained heavy losses during 2021's Winter Storm Uri, arguing that the seller already made a 41,982% return on its power transmission costs....

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