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Several bankruptcy and district court decisions in 2003 have called into serious question the utility of � 365 of the Bankruptcy Code for debtors whose power contracts are subject to the Federal Energy Regulatory Commission's jurisdiction. At issue is whether FERC can order a debtor to continue performing its obligations under a wholesale power contract after a bankruptcy court allows that contract to be rejected.
February 26, 2004 at 12:00 AM
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The original version of this story was published on Law.Com
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