DC Circuit judges air doubts as parties challenge FERC tax allowance interpretation

摘要

The DC Circuit Court of Appeals is once again poised to weigh in onhow the Federal Energy Regulatory Commission accounts for taxes inthe rates of oil and gas pipelines structured as passthrough entities.After a proposed policy turnabout by FERC in March 2018 rattledpipeline stocks and drove multiple entities to alter their corporatestructure, several challenges to the commission’s approach reachedoral argument in the DC Circuit April 3.