In light of the decline in publicly traded companies with substantial pipeline assets and the rise in master limited partnerships (MLP) in the pipe sector, FERC Thursday issued a draft policy statement that would allow the use of MLPs in proxy groups to determine oil and natural gas pipelines' returns on equity (ROE) for ratemaking purposes.
Oil and gas executives will appear before the House Energy and Commerce Committee this week in one of several hearings on rising gasoline prices and broader
Manchin laid out what he could accept in a broad social spending bill, potentially giving Democrats a chance to get their political agenda back on track.
Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now
In an order issued May 4 with a 3-1 vote, FERC sought to set a clearer limit around the time period in which the start of construction would be on hold. It said the prohibition on construction starts would last until the earlier of the date when a rehearing request is no longer pending, or 90 days after a request for rehearing may be denied by operation of law.
Pipeline companies had worried the earlier version of the regulation could allow for lengthy or uncertain delays and had sought a limit of 30 days after a rehearing request is deemed denied.