FERC Wrong To Keep Tariff On BNP Paribas, DC Circ. Says

Law360, New York (February 21, 2014, 4:09 PM EST) -- The D.C. Circuit on Friday said the Federal Energy Regulatory Commission wrongly made a BNP Paribas SA energy trading unit and another new gas storage customer of Transcontinental Gas Pipe Line Co. LLC foot the entire bill for gas purchases Transcontinental had to make when longtime customers left.

A three-judge panel said FERC offered no legitimate reason why Transcontinental's costs for purchasing new base gas — the gas needed to maintain a storage field's pressure — for its Washington storage field should be borne entirely by...
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