FERC Rate Regulation of Oil and Gas Pipelines | Practical Law
A Practice Note discussing how the Federal Energy Regulatory Commission (FERC) regulates rates of interstate natural gas pipelines under the Natural Gas Act (NGA) and interstate crude oil and other energy liquids pipelines under the Interstate Commerce Act (ICA), including rate methodologies, cost-of-service ratemaking requirements, rate indexing for crude oil and energy liquids pipelines, and FERC hearing procedures for contested rate proceedings.