NextEra Fires a ‘Warning Shot’ at PG&E Over Power Contracts
- Company asks FERC to rule that PG&E can’t amend power deals
- Costly wind, solar contracts may be scrutinized in bankruptcy
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NextEra Energy Inc., the world’s biggest wind and solar company, is moving to protect its contracts to sell power to PG&E Corp. before California’s largest utility owner files for bankruptcy protection.
NextEra is asking the Federal Energy Regulatory Commission to step in and rule by Friday that PG&E can’t “abrogate, amend or reject” any of the terms of its wholesale power-purchase agreements, the Juno Beach, Florida-based company said in an agency filing dated Jan. 18.