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    FirstEnergy: Bankruptcy court asserts primacy over FERC; approves rejection of power purchase agreements
    2018-09-04

    In a closely watched battle between FirstEnergy Solutions (“FirstEnergy”) and the Ohio Valley Energy Corporation (“OVEC”) that could have significant implications for the U.S. power sector, the U.S. Bankruptcy Court for the Northern District of Ohio asserted its primacy over the Federal Energy Regulatory Commission (“FERC”) in deciding whether to allow FirstEnergy to repudiate certain FERC-regulated power purchase agreements (“PPAs”).

    Filed under:
    USA, Ohio, Employment & Labor, Energy & Natural Resources, Insolvency & Restructuring, Litigation, K&L Gates LLP, Electricity generation, Unsecured creditor, Power purchase agreement, FERC, FirstEnergy, Federal Power Act 1920 (USA)
    Authors:
    Charles A. Dale III , William M. Keyser , David A. Mawhinney , Michael L. O'Neill
    Location:
    USA
    Firm:
    K&L Gates LLP
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