$7M FERC Fine Caps Off Tough Day For BP

Law360, New York (October 26, 2007, 12:00 AM EDT) -- BP PLC has agreed to pay $7 million to settle violations of its customers’ capacity rights on interstate natural gas pipeline and storage facilities, the Federal Energy Regulatory Commission announced Thursday.

At the same time, FERC also disclosed that a subsidiary of Anadarko Petroleum Corp. will pay $300,000 for violations of the “shipper-must-have-title requirement regarding a contract for interruptible transportation on its affiliated interstate pipeline.”

“FERC’s capacity release program is a core element of our natural gas regulatory program, and violation of the regulations and requirements...
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