Supreme Court Backs Generators In Power Contract Review Case

摘要

In a big win for power generators and utilities, thernSupreme Court Wednesday rejected arguments from Maine utility regulators and state consumer advocates seeking greater ability to challenge contracts struck in New England's controversial capacity markets, overturning a lower court in the process.rnIn an 8-1 decision that experts say will strengthen contract "sanctity" across the energy industry, the Supreme Court rejected claims by the state regulators and consumer advocates that they should not be bound by a key provision in a 2006 settlement among New England parties that laid the groundwork for the region's capacity markets. That provision says that any capacity market contracts can only be broken if the Federal Energy Regulatory Commission decides they violate the public interest.