BOREALIS POWER v. HUNT STRATEGIC UTILITY

No. 68, 2020.

233 A.3d 1 (2020)

BOREALIS POWER HOLDINGS INC. and BPC Health Corporation, Plaintiffs and Counterclaim Defendants Below, Appellant, v. HUNT STRATEGIC UTILITY INVESTMENT, L.L.C., Defendant and Counterclaim Below, Appellee. Borealis Power Holdings Inc., BPC Health Corporation, and Texas Transmission Investment LLC, Defendants Below, Appellants, v. Sempra Texas Holdings Corp. and Sempra Texas Intermediate Holding Company, LLC, Intervenor Plaintiffs Below, Appellees. Cheyne Walk Investment Pte Ltd, Intervenor Plaintiff and Counterclaim Defendant Below, Appellant, v. Hunt Strategic Utility Investment, L.L.C., Sempra Texas Holdings Corp., and Sempra Texas Intermediate Holding Company, LLC, Defendants and Counterclaim Plaintiff Below, Appellees.

Supreme Court of Delaware.

Decided: May 22, 2020.

Reargument Denied June 23, 2020.


Attorney(s) appearing for the Case

Richard I. Werder, Jr., Esq. , Renita Sharma, Esq. , Elisabeth B. Miller, Esq. , Ryan A. Rakower, Esq. , QUINN EMANUEL URQUHART & SULLIVAN, LLP, New York, New York; William M. Lafferty, Esq. , Thomas W. Briggs, Jr., Esq. , Daniel T. Menken, Esq. , and Aubrey J. Morin, Esq. , MORRIS NICHOLS ARSHT & TUNNEL LLP, Wilmington, Delaware, Counsel for Appellant Borealis Power Holdings Inc. and BPC Health Corporation.

Neil A. Sterner, Esq. , DECHERT LLP, New York, New York; Blake Rohrbacher, Esq. , Brian S. Yu, Esq. , Kevin M. Regan, Esq. , RICHARDS, LAYTON & FINGER, P.A., Wilmington, Delaware, Counsel for Appellant Cheyne Walk Investments Pte Ltd.

P. Clarkson Collins, Jr., Esq. , Ian D. McCauley, Esq. , Kathleen A. Murphey, Esq. , MORRIS JAMES LLP, Wilmington, Delaware, Counsel for Appellant Texas Transmission Investment, LLC.

Jessica B. Pulliam, Esq. , Monica Hughes Smith, Esq. , BAKER BOTTS L.L.P., Dallas, Texas; Vernon Cassin, Esq. , BAKER BOTTS L.L.P., Washington, D.C.; Peter J. Walsh Jr., Esq. , J. Matthew Belger, Esq. , Andrew H. Sauder, Esq. , POTTER ANDERSON & CORROON LLP, Wilmington Delaware, Counsel for Hunt Strategic Utility Investment, L.L.C.

J. Christopher Shore, Esq. , Alice Tsier, Esq. , Vivake Prasad, Esq. , WHITE & CASE LLP, New York New York; Aaron Colodny, Esq. , WHITE & CASE LLP, Los Angeles, California; David C. McBride, Esq. , Martin S. Lessner, Esq. , Ryan M. Bartley, Esq. , Paul J. Loughman, Esq. , YOUNG CONAWAY STARGATT & TAYLOR, LLC, Wilmington Delaware, Attorneys for Appellees Sempra Texas Holdings Corp. and Sempra Texas Intermediate Holding Company, LLC.

Before SEITZ, Chief Justice; VALIHURA, VAUGHN, TRAYNOR, and MONTGOMERY-REEVES, Justices, constituting the Court en Banc.


This dispute involves a purported conflict between two separate contracts binding two discrete sets of parties who together own Oncor Electric Delivery Company LLC ("Oncor").

Hunt Strategic Utility Investment, L.L.C. ("Hunt") owns a one-percent stake in Texas Transmission Holdings Corporation ("TTHC")...

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