Equitable Gas Delays Rate Increases In Pipe Acquisition Deal

Law360, Philadelphia (December 17, 2012, 2:58 PM EST) -- In a settlement agreement filed on Friday, Western Pennsylvania’s Equitable Gas Co. said it would not seek immediate rate increases to pay for maintenance and repairs that may be needed on nearly 400 miles worth of pipeline it intends to acquire from EQT Corp. in the state.

Under the settlement, filed with the Pennsylvania Public Utility Commission, Equitable agreed to shelve a series of supplemental rate increases it was seeking approval of while the company instead conducts a thorough inspection of the 379-mile gathering pipelines, which...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.