Reliant Energy Services, Inc. v. Enron Canada Corp.

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 jointly liable for $78,468,996.60 and an injunction requiring Enron Canada to pay this amount into the registry of the court.…