Welcome
Environment & Energy Report

Bankrupt FirstEnergy Resists FERC’s Appeal of Chapter 11 Plan

Nov. 25, 2019, 9:43 PM

Bankrupt FirstEnergy Solutions Corp. is pushing back on a federal energy regulator’s bid to appeal the Ohio utility’s reorganization plan directly to the Sixth Circuit, a legal battle that could complicate the handling of energy contracts.

Skipping over the district court won’t “materially advance the progress of the bankruptcy case,” FirstEnergy said Nov. 22 in a filing with the U.S. Bankruptcy Court for the Northern District of Ohio.

The Federal Energy Regulatory Commission (FERC) argued in its appeal request that the U.S. Court of Appeals for the Sixth Circuit is familiar with the case and is the most expedient forum...

To read the full article log in. To learn more about a subscription click here.