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    FERC finds abrogation of gas tsas would not be in the public interest ahead of possible bankruptcy proceeding
    2020-11-06

    On October 28, 2020, FERC declined to abrogate or modify firm natural gas transportation service agreements (“Gulfport TSAs”) between Gulfport Energy Corporation (“Gulfport”) and Rockies Express Pipeline LLC (“Rockies Express”) in response to a Rockies Express petition anticipating a potential Gulfport bankruptcy filing. After an expedited paper hearing, FERC concluded that the public interest does not presently require any modification, and thus, that the Gulfport TSAs on file remain just and reasonable.

    Filed under:
    USA, Energy & Natural Resources, Insolvency & Restructuring, Litigation, Troutman Pepper, FERC, Natural Gas Act 1938 (USA)
    Authors:
    Sidney Villanueva , Russell Kooistra
    Location:
    USA
    Firm:
    Troutman Pepper
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