August 28, 2020 – Reuters
U.S. regulator backs Energy Transfer in Chesapeake pipeline dispute: court filing
By Laila Kearney
Pipeline operator Tallgrass Energy separately has sought to prevent bankrupt Ultra Petroleum from cancelling a contract. It has asked FERC to intervene on cancellation of pipeline contracts through bankruptcies.
“It fundamentally comes down to an argument that these contracts have unique aspects and that FERC is the one that can tell the difference,” said Rick Smead, managing director for advisory services at RBN Energy.
The Ultra Petroleum decision is expected to land first and could have implications for many other contract rejection legal disputes in the future, Smead said.