Law360 (March 9, 2021, 7:23 PM EST) — A Texas wind farm is in search of a courtroom order letting it off the hook for a $71 million invoice it obtained from JPMorgan Chase Financial institution after the state’s lethal winter storm final month that nearly destroyed its main electrical energy grid and despatched power costs skyrocketing, in keeping with federal courtroom filings.
Canadian Breaks LLC, which operates a 210.1-megawatt wind farm in Deaf Smith and Oldham counties, claims the Valentine’s Day storm that left tens of millions at midnight for days as Texas skilled a record-breaking chilly snap and led to demise and property harm triggered the drive majeure exception to a hedge contract…
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