PG&E can reject PPAs under bankruptcy proceeding, court finds

Published 15:35 on June 10, 2019  /  Last updated at 19:05 on June 10, 2019  /  Americas, Canada, US  /  No Comments

Embattled California utility Pacific Gas & Electric may reject power purchase agreements (PPAs) as it seeks to reorganise itself, and the Federal Energy Regulatory Commission (FERC) may not intervene on those decisions, a bankruptcy court ruled late Friday.

Embattled California utility Pacific Gas & Electric may reject power purchase agreements (PPAs) as it seeks to reorganise itself, and the Federal Energy Regulatory Commission (FERC) may not intervene on those decisions, a bankruptcy court ruled late Friday.

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