Alaska High Court Denies Pipeline Owner's Land Rent Claims

Law360, New York (November 27, 2012, 12:32 PM EST) -- The Alaska Supreme Court on Friday rejected claims by the operator of the $786 million Trans-Alaska Pipeline System that the state incorrectly appraised right-of-way land leased for the pipeline, instead of reclassifying the process as a regulation, and thus charged the pipeline owner unfairly high rent.

The high court unanimously upheld a lower court ruling dismissing the claims of Alyeska Pipeline Service Co., the agent for the owners of the 800-mile pipeline, which connects the Alaskan North Slope oil fields with a port on the state's...
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