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Oil firms plan appeals after ICC rate ruling
Washington AP United States oil company attorneys vow court challenges to the Interstate Commerce Commission order lowering tariffs on the trans Alaska pipeline. The ICC set rates from 4.68 to 5.10 a barrel, a temporary decision pending a seven month investigation to decide if the tariffs are fair, while Alaska lawmakers project sizable tax gains from higher wellhead prices. Governor Hammond calls the ruling a major step that could bring about 135 million in yearly state revenues.
MENTIONED IN THIS ARTICLE
Washington
Interstate Commerce Commission
Bp-Alaska
Frank Lickwood
ICC
Alaska
Valdez
Commission
Daniel O'Neal
North Slope
U.S
Jay Hammond
Arctic” Slope