PG&E's Ch. 11 Brings Rift With FERC Over Power Deals
Law360 (January 29, 2019, 9:39 PM EST) -- The Federal Energy Regulatory Commission has touched off a "turf war" with bankruptcy courts by deciding Pacific Gas and Electric Co. can't ditch any of its $42 billion worth of power purchase agreements without the regulator's blessing, a fight with major implications for future clean energy development, experts say.
PG&E escalated the fight on Tuesday when, in connection with its Chapter 11 filing, it attacked FERC's conclusion that it had jurisdiction over whether companies can drop existing wholesale PPAs. In an adversary complaint, PG&E requested an injunction from a California bankruptcy court that would block FERC from having a say over any wholesale...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!