FERC SUSPENDS TWO TRANS ALASKA PIPELINE SYSTEM OWNERS' NEW RATE INCREASE FILINGS; CONSOLIDATES STRATEGIC AND NON-STRATEGIC RECONSIDERATION ISSUES

摘要

On 6/10/11 FERC suspended rate filings of two of the owners of the Trans Alaska Pipeline System (TAPS). On May 13, BP Pipelines (Alaska) Inc. (IS11-335) filed rates for transportation of petroleum on the TAPS, proposing an increase to the interstate rate for transportation of crude oil on its share of the capacity of the TAPS from $4.36 per barrel to $5.05 per barrel. BP Pipelines (OR11-10) also petitioned the Commission for a partial waiver of the regulations to allow it to change its rates using base period and test period adjustments and cost, revenue and throughput data that are consistent with data reflected in ConocoPhillips Transportation Alaska, Inc.'s (CPTAI's) tariff filing in Docket No. IS11-306, which the Commission accepted on May 26. On May 16, ExxonMobil Pipeline Co. (IS11-336) proposed an increase to the interstate rate for transportation of crude oil on its share of capacity raising its per barrel price from $4.39 to $5.07. BP Pipelines and EMPCO are two of the five carrier-owners of TAPS, where each owner possesses an undivided joint interest and entitlement to its percentage ownership share of TAPS capacity.