BP, Shell Say Pipeline Co. Tricked FERC In Gas Facilities Buy

Law360, New York (August 30, 2012, 5:25 PM EDT) -- BP PLC and Royal Dutch Shell PLC shipping units on Monday asked the Federal Energy Regulatory Commission to reconsider a private equity-backed company's takeover of several Louisiana gas-gathering sites after what they call a bait-and-switch that flies in the face of the public interest.

Contrary to a June order paving the way for FERC approval to own and operate a network of gas-gathering facilities along a 620-mile pipeline abandoned by Southern National Gas Co. LLC, High Point Gas Transmission LLC in an Aug. 14 compliance filing...
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