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News Breaks | | | | September 21, 2012 | | 09:14 EDT |  | BPL | Buckeye Partners says FERC decision on complaint could be material
Buckeye said it would prefer, and has attempted, to reach a commercial resolution of its dispute with airlines, but Buckeye is prepared and intends to vigorously defend its rates and its existing rate program. Although it is not currently possible to estimate the amounts at issue in this proceeding, the potential amount of any repayments and the potential impact of an adverse decision on Buckeye Pipeline's future revenues could be material. If FERC were to find the challenged rates excessive, it could order Buckeye Pipeline to reduce rates prospectively. FERC also could order Buckeye Pipeline to repay to the complaining airlines any past charges found to be in excess of just and reasonable levels for up to two years prior to the filing date of the complaint. Buckeye Pipeline expects, however, to show in its response to the complaint that its particular factual and legal circumstances mitigate its exposure to the complaint and limit the relief potentially available to the complaining airlines. | |
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News For BPL From The Last 14 Days Check below for free stories on BPL the last two weeks. |
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| May 13, 2013 | | 17:22 EDT | | BPL | ALPS Advisors reports 5.0% passive stake in Buckeye Partners
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