FERC Reaffirms Jurisdiction Over $42 Billion Power Contracts in PG&E Bankruptcy
The Federal Energy Regulatory Commission on May 1 denied Pacific Gas and Electric Company’s requests for rehearing of the agency’s order asserting concurrent jurisdiction with bankruptcy courts over wholesale contracts that the utility may seek to reject through its Chapter 11 filing. While FERC’s role in evaluating rates and terms of power contracts is to protect…
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