FERC Blasts PG&E Bid To Block Authority Over Power Deals

Law360 (February 19, 2019, 9:59 PM EST) -- The Federal Energy Regulatory Commission has ripped Pacific Gas & Electric Co.'s efforts to block it from having a say over whether the utility can ditch power purchase agreements in Chapter 11, arguing that such a move would upend FERC's longstanding obligation to regulate wholesale electricity contracts.

PG&E has lodged an adversary complaint attacking FERC’s conclusion that it has jurisdiction over whether companies can drop existing wholesale PPAs in bankruptcy. The utility says that decision belongs exclusively to a bankruptcy court and wants a California bankruptcy judge to enjoin FERC from weighing in on any attempt by PG&E to shed a...

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