Impact of utility bankruptcy on the parallel operating agreement
Journal Article
·
· Cogener. Small Power Mon.; (United States)
OSTI ID:6217453
The threat of utility bankruptcy makes it difficult for cogeneration and small power projects in several states to obtain financial backing for cogeneration projects. Cogenerators can obtain a legal opinion stating that if the purchasing utility files for reorganization under the Bankruptcy Code, the buyback contract can be altered only with the prior approval of both the Bankruptcy Court and the state Public Service Commission. Such legal opinions have succeeded in allowing cogeneration and small power projects to proceed by demonstrating that the risks of a liquidation bankruptcy are small.
- Research Organization:
- Varnum, Riddering, Schmidt and Howlett, Grand Rapids, MI
- OSTI ID:
- 6217453
- Journal Information:
- Cogener. Small Power Mon.; (United States), Journal Name: Cogener. Small Power Mon.; (United States); ISSN CSPME
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
29 ENERGY PLANNING, POLICY, AND ECONOMY
290800 -- Energy Planning & Policy-- Heat Utilization-- (1980-)
296000 -- Energy Planning & Policy-- Electric Power
32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION
320304* -- Energy Conservation
Consumption
& Utilization-- Industrial & Agricultural Processes-- Waste Heat Recovery & Utilization
320603 -- Energy Conservation
Consumption
& Utilization-- Municipalities & Community Systems-- Public Utilities-- (1980-)
COGENERATION
DEUS
ECONOMICS
ELECTRIC POWER
ENERGY SYSTEMS
FINANCING
INVESTMENT
LEGAL ASPECTS
ON-SITE POWER GENERATION
POWER
POWER GENERATION
RISK ASSESSMENT
SELLBACK
STEAM GENERATION
290800 -- Energy Planning & Policy-- Heat Utilization-- (1980-)
296000 -- Energy Planning & Policy-- Electric Power
32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION
320304* -- Energy Conservation
Consumption
& Utilization-- Industrial & Agricultural Processes-- Waste Heat Recovery & Utilization
320603 -- Energy Conservation
Consumption
& Utilization-- Municipalities & Community Systems-- Public Utilities-- (1980-)
COGENERATION
DEUS
ECONOMICS
ELECTRIC POWER
ENERGY SYSTEMS
FINANCING
INVESTMENT
LEGAL ASPECTS
ON-SITE POWER GENERATION
POWER
POWER GENERATION
RISK ASSESSMENT
SELLBACK
STEAM GENERATION