PG&E Corp. v. Fed. Energy Regulatory Comm'n (In re PG&E Corp.)

DENNIS MONTALI, U.S. Bankruptcy Judge

I. INTRODUCTION

In its May 1, 2019, Order Denying Rehearing ("the FERC Denial", the Federal Energy Regulatory Commission ("FERC") made two remarkable statements. First, it said:

"Wholesale power contracts are not simple run-of-the-mill contracts between two private parties, rather, these contracts, while privately negotiated, implicate the public's interest in the orderly production of plentiful supplies of electricity at just and reasonable rates ...."

NextEra Energy, Inc. v. Pac. Gas and Elec. Co., 167 FERC ¶ 61,096 (2019) at Para 13.

Second, it stated:

"To…