FERC Rejects Enbridge Rates For $2.5B Sandpiper Pipeline

Law360, New York (March 22, 2013, 5:20 PM EDT) -- The Federal Energy Regulatory Commission on Friday refused to approve an Enbridge Inc. unit’s proposed rate structure for its planned $2.5 billion Sandpiper crude oil pipeline project, saying the company hadn’t justified the rates.

The commission declined to sign off on a purported settlement reached between Enbridge Pipelines (North Dakota) LLC and 15 of its proposed shippers allowing Enbridge to charge its proposed cost-based rates for the project, saying the company hadn’t provided evidence to support the rates and that the settlement hadn’t been signed off...
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