DC Circ. Ruling Spurs FERC To Rethink Pipeline Rate Cap

Law360, New York (June 28, 2012, 6:56 PM EDT) -- The Federal Energy Regulatory Commission said Thursday it would reconsider its decision capping the prices Canadian energy company Enbridge Inc. could charge for use of a recently acquired oil pipeline that runs through Texas, citing an April D.C. Circuit ruling criticizing the commission’s criteria for determining how rates were set in a similar case.

In April, the D.C. Circuit vacated FERC’s decision to cap prices on a separate Illinois-to-Texas pipeline owned by Exxon Mobil Corp., ruling the oil giant should have been allowed to charge market...
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