FERC Changes Course On Unocal Pipelines

Law360, New York (November 15, 2007, 12:00 AM EST) -- The U.S. Federal Energy Regulatory Commission acceded Thursday to a federal appellate court's ruling that it lacks jurisdiction over two Gulf of Mexico natural gas pipelines owned by Jupiter Energy Corp., a subsidiary of Oil Company of California (Unocal).

Also on Thursday, the commission announced proposed amendments to its interstate natural gas pipeline release regulations that would remove significant restraints on short-term capacity release transactions in an effort to cultivate more efficient capacity release markets, according to FERC.

Though previously FERC had fought tooth-and-nail to defend...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.