Energy Harbor has agreed to pay OVEC $32.5 million and drop its attempt to abrogate a 30-year power purchase agreement.

Analysts at a renewable energy conference warned that PG&E could still reject its renewable power purchase agreements in bankruptcy.

Bankruptcy Court Judge Dennis Montali certified his decision rejecting FERC's authority over PG&E's wholesale PPAs for direct appeal to the 9th Circuit.

The federal judge overseeing PG&E’s bankruptcy case ruled that he retains sole oversight of PPAs the utility has said it may seek to reject.

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.

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.

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.

CAISO participants and companies that do business with Pacific Gas and Electric could end up paying a hefty price for the utility’s financial collapse.

Entergy said it will continue to operate the Palisades nuclear plant until early 2022 under the terms of its original agreement with Consumers Energy.