Law360, New York (April 18, 2012, 2:17 PM ET) -- The Federal Energy Regulatory Commission on Tuesday denied a request by the owners of the Trans-Alaska Pipeline to exclude a unfavorable tax assessment of the 800-mile pipeline from being introduced in agency hearings over a rate hike.
The five owners — BP PLC, ConocoPhillips Co., Exxon Mobil Corp., Chevron Corp. and Koch Industries Inc. — had sought to keep the agency from considering an Alaska tax valuation that included a shorter expected lifespan for the pipeline, which would likely hurt their chances of landing regulatory approval...
FERC Deals Alaska Pipeline Owners Setback On Rate Hikes
To view the full article, take a free trial now.
