McCarthy v. Middle Tennessee Electric Membership Corp.

OPINION

KAREN NELSON MOORE, Circuit Judge.

Plaintiffs-Appellants appeal from the district court’s dismissal of claims brought against electric cooperatives and the Tennessee Valley Authority (together, “defendants”). Members of the electric cooperatives (“plaintiffs”) brought an action against the defendants, claiming that the cooperatives (“Cooperatives”) refused to distribute refunds or to reduce electricity rates as required when electric cooperatives have excess revenue. The Cooperatives were prohibited from distributing the refunds on the basis of their contracts with the Tennessee Valley…