July 29, 2019
Federal Appeals Court: Wholesale Electric Price, Utility Price Not Proper Comparison For Determining If Retail Supplier's Rate Met "Prevailing Market Price" Standard In Contract
The United States Court of Appeals for the Seventh Circuit has denied an appeal of a lower court ruling which had dismissed a putative class action suit against Direct Energy Services, LLC, as the Seventh Circuit found that neither the wholesale electric price nor the utility price to compare is an…