Tesla is working on new battery cell designs, and a way to make their own cells, with R&D teams in a lab near its car plant in Fremont, California.Technologyread more
The Federal Reserve and the market are miles apart on interest rate expectations, and the disparity could cost the stock market a 7%-10% drop, economists say.Economyread more
President Trump lambastes Twitter, Google and other technology giants for what he claims as their efforts to stifle him.US Economyread more
Underneath the impressive market rally is a trend that doesn't seem quite right, according to J.P. Morgan.Marketsread more
Mnuchin tells CNBC he's confident President Trump and China's Xi Jinping can make progress in stalled trade talks.World Economyread more
JP Morgan's Jamie Dimon says student lending "is a disgrace and it's hurting America."Economyread more
The Supreme Court refused to overturn a precedent that strengthened the power of government regulators in a closely watched case that could have had broad ramifications for...Politicsread more
The president raised $6 million alone at a fundraiser he attended at the Trump International Hotel on Tuesday in Washington.Politicsread more
The first debates will give most of the contenders their biggest platform yet to present themselves to the American people.Politicsread more
The red-hot gold trade is cooling off on Wednesday, and Mark Newton of Newton Advisors says the charts point to further weakness to come.Trading Nationread more
The stock market is shrinking for several key reasons, but there's a way for investors to maneuver it, says Citi Research strategist Robert Buckland.Trading Nationread more
[email protected] (Adds background)
SAN FRANCISCO, June 14 (Reuters) - Power producers NextEra Inc, Consolidated Edison Inc and Calpine Corp on Thursday said they will appeal to try to overturn a recent decision by a judge that a federal regulator has no say in whether utility PG&E Corp may reject its power purchase agreements if it chooses to while in bankruptcy.
PG&E's power purchase agreements are valued at up to $42 billion and the matter of whether the company can walk away from them belongs exclusively in bankruptcy court, Judge Dennis Montali of the U.S. Bankruptcy Court in San Francisco said in a June 7 decision.
Montali, who is overseeing PG&E's bankruptcy, rejected the Federal Energy Regulatory Commission's argument that it has concurrent jurisdiction over the agreements.
The dispute involving the regulator, PG&E and companies from which it buys power has been one the most contentious fights so far in the San Francisco-headquartered utility's bankruptcy, launched in January.
PG&E sought Chapter 11 bankruptcy protection expecting billions of dollars in liabilities stemming from devastating California wildfires in recent years traced to its equipment.
In notices of appeal filed on Thursday in U.S. Bankruptcy Court in San Francisco, NextEra, Consolidated Edison and Calpine said they would appeal Montali's decision to the U.S. District Court for the Northern District of California or the U.S. Ninth Circuit Court of Appeals.
(Reporting by Jim Christie Editing by Susan Thomas and Chris Reese)