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...
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!