FERC Ruling Casts New Scrutiny On Oil Pipeline Contracts

Law360, New York (December 5, 2017, 12:03 PM EST) -- The Federal Energy Regulatory Commission's recent ruling that an oil pipeline company's plan for its marketing arm to buy up pipeline space at full price while reselling it at a discount is illegal will send other pipeline operators scrambling to review their own marketing deals and could spark more litigation at FERC, experts say.

Magellan Midstream Partners LP had petitioned FERC to bless its proposed creation of a marketing affiliate that would be allowed to buy and sell crude oil and ship it along Magellan's pipeline...
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