A judge in San Francisco has ruled that the Federal Energy Regulatory Commission...
FILE PHOTO: A PG&E truck carrying an American Flag drives past PG&E repair trucks in Paradise, California, U.S. November 21, 2018. REUTERS/Elijah Nouvelage/File Photo
In a ruling over jurisdiction between PG&E and counterparties to the agreements, Judge Dennis Montali of the U.S. Bankruptcy Court in San Francisco said on Friday that the interpretation of bankruptcy law and decree by the FERC was unauthorized and “continues to have the effect of undermining the function of the bankruptcy court in its role of ensuring that the goals and purposes of bankruptcy law and policy are properly served and properly executed.
NextEra Energy Inc, a party to eight power purchase agreements through subsidiaries, had argued the contracts are also subject to FERC’s jurisdiction.
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