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FPC Denies Re-Hearing On Gas Ruling
The Federal Power Commission on Monday denied rehearing for 31 applications tied to its August 5 Permian Basin gas rate decision. It did, however, modify some quality standards and clarify findings. Refund estimates remain at 30 to 35 million dollars to producers in the Permian Basin across New Mexico and Texas. Skelly Oil Co. has appealed to the Tenth Circuit. The ruling could shape future gas-rate cases across other major producing areas and affect consumers in 13 states.
MENTIONED IN THIS ARTICLE
Washington
Federal Power Commission
Permian Basin
New Mexico
Texas
U.S. Tenth Circuit Court of Appeals
Skelly Oil Co
Tulsa
Okla
Permian
Wisconsin