Agrilectric Power Partners, Ltd. v. Entergy Gulf States, Inc.

W. EUGENE DAVIS, Circuit Judge:

This is an appeal by Agrilectric Power Partners, Ltd. (“Agrilectric”) from an order of the District Court interpreting and applying a contract between Agrilectric and Entergy Gulf States, Inc. (“Entergy”), a utility company providing electric power to consumers in Louisiana and Texas. We agree that the “regulatory-out” price adjustment clause in the contract is enforceable and affirm the district court’s judgment.. I.

Agrilectric is a qualified facility (“QF”) under the Public Utility Regulatory Policies Act (“PURPA”), the federal statute governing this protected…