Law360, New York (May 01, 2012, 9:57 PM ET) -- The Federal Energy Regulatory Commission on Tuesday asked the five oil giants that own the Trans-Alaska Pipeline System to submit additional testimony supporting their argument that the burden of proof is not on them to show they prudently handled a $786 million reconfiguration project.
The dispute stems from a bid by the pipeline’s five oil giant owners — BP PLC, ConocoPhillips, Exxon Mobil Corp., Chevron Corp. and Koch Industries Inc. — for a rate hike to recover certain costs from a $786 million reconfiguration project. Two...
Oil Cos. Get More Input In $786M Trans-Alaska Project Fight
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