FERC Urged To Reconsider Pegasus Pipeline Rate Decision

Law360, New York (September 6, 2012, 5:21 PM EDT) -- Two energy companies and an energy industry association asked the Federal Energy Regulatory Commission on Tuesday to rehear its decision granting Mobil Pipe Line Co. permission to charge market-based rates for its Pegasus crude oil pipeline, saying MPLCO had unfairly hiked its tariffs since the ruling.

According to the rehearing request by Suncor Energy Marketing Inc., Canadian Natural Resources Ltd. and the Canadian Association of Petroleum Producers, since FERC granted MPLCO’s request to charge market-based rates for the 858-mile Pegasus oil pipeline in August, MPLCO has...
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