Exxon Misread Alaska Pipeline Regulations: Court

Law360, New York (July 30, 2007, 12:00 AM EDT) -- An appeals court on Friday knocked down Exxon Mobil Corp.'s bid to overturn federal rules that govern access to a yet to be built multibillion-dollar pipeline that would transport natural gas between Alaska and the lower 48 states, telling the oil giant that it could not restrict access from other companies.

Exxon, which leases land containing about 90% to 95% of Alaska's proven natural gas reserves from the state, argued that before it could apply for a certificate to build and operate an Alaska pipeline, it...
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