The recent PG&E bankruptcy filing has fundamentally shaken the California utility industry and poses a number of potential challenges and risks to the State’s renewable energy industry. These include the potential restructuring of one of the State’s three investor owned utilities that is heavily invested in renewable energy and the potential rejection or renegotiation of over $36 billion worth of renewable power purchase agreements (PPAs) with hundreds of project owners. The potential changes at issue in the PG&E bankruptcy are likely to result in substantial impacts on current renewable energy project owners and developers and on California’s ongoing efforts to decarbonize the State’s electrical generation grid.
Our roundtable panel will discuss these issues and attempt to answer the following questions:
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What is the legal framework that will govern the disposition of the PPAs, including:
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Respective roles of the bankruptcy court and FERC with respect to any determination
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How would rejection and/or renegotiation play out in practice?
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Prospects for and likelihood of rejection and/or renegotiation of PPAs and potential impacts on current project owners and future project development
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Potential broader impact of various bankruptcy outcomes on the renewable energy industry in California and California’s energy goals
Panelists
Partner
Farella Braun + Martel LLP
Vice President of State Affairs
SEIA
Joe Henri
Vice President Of Business Development
Dimension Renewable Energy
Event Details
March 18, 2019
Farella Braun + Martel
235 Montgomery Street
17th Floor
San Francisco
Registration
5:00 pm
Program
5:30 pm - 7:00 pm
Networking
7:00 pm - 7:30 pm
Click here to register.
Teleconference option available upon registration.
Attendance is complimentary.
Please contact Margaret Poza at mpoza@fbm.com with any event questions.
