PG & E wins decision to withdraw from electricity contracts

PG & E Corp. won a clash with the Federal Energy Regulatory Commission over who has the right to decide whether it can get $ 42 billion in electricity purchases, thereby jeopardizing the mandate of the California in clean energy.

Judge Dennis Montali has issued a ruling that effectively bars the regulator from preventing California's troubled utility from terminating contracts that require it to purchase electricity. to suppliers, including renewable energy producers. A judge of the US Bankruptcy Court in San Francisco, Mr. ….