By Paul Green and Mark Douglas ( August 28, 2019, 2:42 PM EDT) -- The recent Chapter 11 filings by PG&E Corp., its Pacific Gas & Electric Co. utility subsidiary and FirstEnergy Solutions Corp. have reignited the debate over the power of a U.S. bankruptcy court to authorize the rejection of contracts regulated by the Federal Energy Regulatory Commission. Only a handful of courts have addressed this thorny issue to date, and with conflicting results, in a controversy that may ultimately need to be resolved by the U.S. Supreme Court or legislative action....
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