The Supreme Court of Texas has agreed to consider whether an arbitration award in a dispute between two energy companies should be upheld. In Tenaska Energy Inc. et al. v. Ponderosa Pine Energy LLC, No. 12-0789, Ponderosa sought $200 million from Tenaska over a breached power plant purchase agreement. The parties engaged in arbitration before a three-member panel and Ponderosa was awarded $125 million.
Following arbitration, Ponderosa sought to confirm the panel’s award. Tenaska...
