FERC Nixes Buckeye Jet Fuel Price Hikes, Rate Program

Law360, New York (February 25, 2013, 5:59 PM EST) -- The Federal Energy Regulatory Commission on Friday upheld its decision denying Buckeye Pipe Line Co. LP's proposed rate increases for jet fuel deliveries to airports in the Northeast and Midwest and terminated an experimental rate program under which the pipeline operator proposed the hikes.

FERC denied Buckeye's bid for a rehearing of the regulator's March order rejecting the company's proposed rates and directing it to show cause why it should not be required to file its rates according to the ratemaking methodologies established by FERC after...
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