FERC Rules Texas Pipeline's Earnings Were Not Excessive

Law360, New York (May 17, 2012, 9:28 PM ET) -- The Federal Energy Regulatory Commission on Wednesday found that MIGC LLC’s earnings had not overly exceeded its cost of service, concluding an inquiry from November into whether the Texas natural gas pipeline operator’s rates were unjust under the Natural Gas Act.

The investigation, which had called for MIGC to submit a cost and revenue study from its most recent data for a yearlong period, had found that MIGC would not over-recover its cost of service at its current rates or earn an unreasonably high return on...
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