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...
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