Sixth Circuit Takes Away FERC Primacy Over PPAs

On December 12, 2019, the Sixth Circuit issued an opinion[1] in the ongoing bankruptcy proceedings of FirstEnergy Solutions Corp. The decision upheld the ability of a bankruptcy court to decide whether a power purchaser in bankruptcy proceedings can reject FERC-approved power purchase agreements (PPAs).

Filed under:
USA, Energy & Natural Resources, Insolvency & Restructuring, Litigation, Steptoe LLP, Power purchase agreement, FERC, Sixth Circuit
Authors:
Steven J. Ross , Daniel A. Mullen , Shaun Boedicker
Location:
USA
Firm:
Steptoe LLP