FERC Sides with Energy Transfer Against Chesapeake re Pipe Contract

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On Sunday, June 28, Chesapeake Energy, with major operations in the northeast Pennsylvania Marcellus, filed for bankruptcy (see Chesapeake Files for Bankruptcy – Debtors to Take Ownership). As part of the filing, the company asked the bankruptcy court to allow it to break existing, legal, enforceable contracts with several pipeline companies, including Energy Transfer’s Tiger Pipeline (see Chesapeake Asks Court to Break Pipeline Contracts, Including M-U). The Federal Energy Regulatory Commission (FERC) is siding with Energy Transfer against Chessy.

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