Chapter 11 bankruptcy
FERC rejected PG&E’s request to rehear its ruling that it shares authority with a federal bankruptcy judge over any PPAs the utility might seek to modify.
The California Public Utilities Commission hosted a forum on the fate of PG&E, where some experts urged it to break up the utility.
A federal judge asked lawyers to find common ground in a case that pits Pacific Gas & Electric against FERC over billions in power purchase agreements.
A U.S. district court judge sided with PG&E Corp. in declining to withdraw the utility’s jurisdictional dispute with FERC over power purchase agreements from bankruptcy court.
The federal judge overseeing Pacific Gas and Electric’s bankruptcy case suggested he might prohibit the utility’s electricity suppliers from seeking FERC’s help with disputed contracts.
The Utility Reform Network sent a letter to federal trustees requesting the Bankruptcy Court appoint a committee of ratepayers to represent PG&E customers.
Protesters at the California PUC meeting urged the commissioners to turn PG&E into a publicly owned utility as part of its Chapter 11 bankruptcy.
A lawyer for PG&E said the utility did file for bankruptcy to ensure it is able to compensate the victims of wildfires that ravaged Northern California.
PG&E confirmed they hope to rescind costly power purchase agreements and reform its obsolescent business model during bankruptcy.
FERC said it shares authority with the federal court over any power purchase agreements Pacific Gas and Electric seeks to modify as part of its bankruptcy.
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