City of Brownsville v. Golden Spread Electric Cooperative, Inc.

OPINION

Opinion by

Justice MORRIS.

This is a summary judgment case. The dispositive issue we decide is whether one of the co-owners of an electrical generating facility effectively exercised its right of first refusal to purchase another co-owner’s interest. In their appeal, the City of Brownsville and the Oklahoma Municipal Power Authority both contend they effectively exercised their respective rights to purchase the ownership interest of the other appellant AEP Texas Central Company. Golden Spread contends legal impediments exist that prevent either the City of Brownsville or the Oklahoma…