Thursday, December 3, 2015

#TBT: Power Contracts and Bankrupt Generators


This post is part of an occasional series highlighting a project finance article or news item from the past. It is often interesting and thought provoking to look back on these items with the perspective of months, years or decades of further experience. 

With this installment, we turn to an article that was published in the January 2009 issue of the Project Finance NewsWire.




Power Contracts and Bankrupt Generators

US courts in different parts of the country have reached different conclusions about whether it is up to the bankruptcy judge or the Federal Energy Regulatory Commission to decide when a power contract with unfavorable terms can be canceled in a bankruptcy proceeding.