DC Circ. Hears Pipeline Rate Formula Arguments

By Christie Smythe

Law360, New York (January 12, 2010, 6:50 PM ET) -- Oil companies including Exxon Mobil Oil Corp. and BP West Coast Products LLC appear to have won a sympathetic ear from appeals court judges in their challenge to a Federal Energy Regulatory Commission-approved pipeline rate increase methodology, according to an attorney who has been involved in the case.

Parties involved in the dispute, which consolidates several cases over the rate increase formula, participated in oral arguments before the U.S. Court of Appeals for the District of Columbia Circuit on Monday.

Judges hearing the case peppered attorneys...
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