FERC Snuffs Kinder Morgan Rate Hike Request For Pipeline

Law360, New York (September 4, 2012, 4:15 PM EDT) -- The Federal Energy Regulatory Commission on Friday put the brakes on Kinder Morgan's attempt to increase rates for its Trailblazer pipeline, rejecting its tariff records and siding with gas shippers that the hike would have upended a previous price agreement.

FERC commissioners denied the records to establish a new interruptible transportation service, saying adding a rate for this service would have circumvented the terms of a 2010 settlement with its shippers and that commission policy does not allow a separate rate for extra capacity related to...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.