Texas Grid Didn’t Take Entrust’s Customer Contracts, Judge Rules

The Electric Reliability Council of Texas didn’t take Entrust Energy Inc.'s property by transferring tens of thousands of customer contracts without compensation in the wake of 2021’s Winter Storm Uri, a bankruptcy judge ruled.

Entrust liquidating trustee Anna Phillips’ claim that grid operator ERCOT violated retail energy provider Entrust’s Fifth Amendment rights was dismissed in an opinion Thursday by Judge Marvin Isgur of the US Bankruptcy Court for the Southern District of Texas.

The ruling narrows a long-running $300 million dispute brought by the trustee down to a state law claim of gross negligence against ERCOT, the manager of most ...