Power Co. Can't Claw Back Nixed Texas Arbitration Award

By Stan Parker ( July 15, 2016, 9:13 PM EDT) -- A Texas appeals court ruled Thursday that Illinova Corp. didn't forfeit the $16. 9 million it voluntarily paid to Ponderosa Pine Energy LLC to satisfy an arbitration award that was later vacated, also affirming that Ponderosa's attorneys are jointly liable for more than $2. 5 million in interest on the amount. . . .

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