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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.