PG&E Pledge Won't End FERC-Bankruptcy Court Tug Of War

Law360 (September 13, 2019, 8:07 PM EDT) -- Pacific Gas and Electric Co.'s pledge to honor its power purchase agreements as it moves through Chapter 11 may ease the minds of the utility's contracted electricity suppliers, but it won't douse the simmering legal fight over whether bankruptcy courts or the Federal Energy Regulatory Commission get to determine the fate of such contracts.

PG&E said in its reorganization plan that it intends to retain all of its existing PPAs, which are worth more than $42 billion and primarily contract with renewable energy projects in order for the utility to comply with California's aggressive renewable mandates.

The proposal, filed Sept. 9...

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!