Author: Robert Walton Published: June 11, 2019 Dive Brief
- A bankruptcy judge ruled the Federal Energy Regulatory Commission does not have “concurrent jurisdiction” over Pacific Gas & Electric’s power contracts, possibly clearing the way for the utility to have above-market power purchase agreements (PPAs) discharged in its Chapter 11 proceeding.
- Judge Dennis Montali on June 7 said FERC “has chosen to interfere with bankruptcy courts’ decisions,” and called out the commission for “undermining the function of the bankruptcy court.”
- NextEra Energy, which has subsidiaries selling renewable power to PG&E, asked FERC in January to stop the utility from amending or rejecting PPAs in bankruptcy court. PG&E responded by asking the court to block the commission from issuing rulings that would impact rejection of the contracts.