FERC Challenges Plan To Recoup $786M Alaska Pipeline Costs

Law360, New York (March 21, 2012, 8:00 PM EDT) -- Trial staff at the Federal Energy Regulatory Commission said the owners of the Trans-Alaska Pipeline should not be allowed to recoup from ratepayers costs associated with mismanagement of their $786 million “train wreck” reconfiguration project, according to a briefing filed Wednesday.

Trial staff at the federal agency said owners of the 800-mile pipeline, which connects the Alaskan North Slope oil fields with a port on the state's southern coast, are to blame for project costs ballooning by as much as 300 percent. The pipeline's five oil...
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