Bexar County Court Enters $393M Judgment Enforcing Winter Storm Uri Spot Contracts Against Unconscionability Defense

Bexar County District Court entered a $393 million judgment against CPS Energy for unpaid natural gas invoices stemming from fixed-price spot contracts executed during Winter Storm Uri in February 2021, comprising $263 million in principal, $119 million in contract interest accrued since early 2021, and $9.3 million in attorney fees. The court rejected CPS's unconscionability defense, holding that sophisticated commercial parties cannot avoid performance under spot market contracts negotiated during crisis pricing conditions—the largest Uri gas-pricing judgment reported to date.