Natural Gas Cos. Want FERC To Rethink TransCanada Deal

Law360, New York (July 24, 2012, 8:25 PM EDT) -- Several of the country’s biggest gas companies and trade associations on Tuesday asked the Federal Energy Regulatory Commission to rehear an order approving a TransCanada Corp. company's sale of natural gas supply facilities in the Gulf of Mexico to one of its subsidiaries.

More than a dozen companies and five trade associations, including BP Energy Co., Marathon Oil Co., Shell Offshore Inc. and Apache Corp., told FERC in requests for rehearing submitted Monday and Tuesday that it should rule against the sale to prevent steep rate...
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