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RELIANT ENERGY SERVICES v. ENRON CANADA CORP.

No. 02-20447.

349 F.3d 816 (2003)

RELIANT ENERGY SERVICES, INC., Plaintiff-Appellant, v. ENRON CANADA CORP., Defendant-Appellee.

United States Court of Appeals, Fifth Circuit.

October 29, 2003.

Attorney(s) appearing for the Case

Richard Earl Griffin (argued), H. Victor Thomas, Jr., Curt Michael Langley, Jackson Walker, Houston, TX, for Plaintiff-Appellant.

John B. Strasburger, Weil, Gotshal & Manges, Houston, TX, Gregory Scott Coleman (argued), John F. Greenman, Weil, Gotshal & Manges, Austin, TX, for Defendant-Appellee.

Before DeMOSS and STEWART, Circuit Judges, and FALLON, District Judge.

DeMOSS, Circuit Judge:

Under a Master Netting, Setoff, and Security Agreement ("Netting Agreement"), Reliant Energy Services, Inc. ("RES") and Reliant Energy Services Canada, Ltd. ("RESC") (collectively, "Reliant" or "Reliant Parties") sought $78,468,996.60 from Enron Canada Corporation ("Enron Canada"). Reliant filed a breach of contract claim in federal court against Enron Canada seeking a declaratory judgment that the terms of the Netting Agreement made Enron Canada...

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