Canada renewable energy firm sues Citigroup for charging them for replacement power

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Canada renewable energy firm sues Citigroup for charging them for replacement power

On Wednesday, a Texas renewable energy company sued CitiCitigroup IncCitigroup Inc for blocking force majeure declarationShannon WindShannon Wind and Flat Top Wind, subsidiaries of Innergex Renewable Energy Inc., operate NorthBoth had contracts to deliver power to CitiCiti Energy, a unit of Citigroup IncCitigroup Inc.,The unusually frigid temperatures destroyed nearly half of the state's power plants in midThe Wind Firms, partly run by StarwoodStarwood Energy Group Globalgy Group Global and a fund run byBut in their lawsuits, Citi, claims, ignored the declarations and invoiced themCiti and Starwood declined to comment, and BlackRock did not have a comment on thisInnergex did not respond immediately to a request for comment.According to the suits filed in Harris County District Court, Houston, Shannon Wind billed forWhat is your opinion on what term you need?The invoices represent more than their projected revenues for the entire year, said the lawsuits The suits asked the court to prevent Citi Group from taking further action after wind companies were advised thatCiti was billed for replacing power at $9,000 per megawatt hour compared to the roughly

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