Oil Cos. Reach Deal On Trans-Alaska Pipeline's Life Span

Law360, New York (October 12, 2012, 6:21 PM EDT) -- The oil giants that own the Trans-Alaska Pipeline System, two of its users and the state of Alaska reached a deal Thursday establishing the depreciation factors to use in setting TAPS rates and settling a long-running dispute over the pipeline's estimated life span.

In an agreement submitted to the Federal Energy Regulatory Commission and the Regulatory Commission of Alaska for approval, the parties said they had agreed to accept the depreciation rate used in the TAPS carriers' FERC and RCA filings that are subject to refund...
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