Chesapeake Sues FERC in Bid to Break Pipeline Contracts

Earlier this week MDN brought you the news that Chesapeake Energy is asking a bankruptcy court in Texas for permission to break valid and legal contracts with several pipeline companies as part of its financial reorganization plan (see Chesapeake Asks Court to Break Pipeline Contracts, Including M-U). Just coming to light (for us) is that as part of the bankruptcy filing, Chessy is challenging (suing) the Federal Energy Regulatory Commission (FERC) to prevent FERC from making Chessy live up to its contractual agreements.

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