FERC v. Ultra Resources presented a novel question about the interaction of the Bankruptcy Court and a filed-rate contract, and held “that under the particular circumstances presented here, Ultra Resources is not subject to a separate public-law obligation to continue performance of its rejected contract, and that 11 U.S.C. § 1129(a)(6) did not require the bankruptcy court to seek FERC’s approval before it confirmed Ultra Resource’s reorganization plan.” No. 21-20126 (March 14, 2022).

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