FERC Allows Mobil Pegasus Oil Pipeline Tariff Hike

Law360, New York (September 28, 2012, 6:19 PM EDT) -- The Federal Energy Regulatory Commission on Thursday accepted Mobil Pipe Line Co.’s proposed 221 percent market-rate-based tariff increase for its Pegasus crude oil pipeline, despite complaints by several oil shippers that the decision was premature due to a pending rehearing request.

According to FERC’s order, the decision to accept the tariff — which increases the pipeline’s oil transportation rate from $1.57 per barrel to $5.08 per barrel — was simply the implementation of its August decision to allow Mobil to use market-based rates and would not...
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