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...
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