|
|
News Breaks | | | | October 16, 2012 | | 07:04 EDT |  | BPL | Buckeye files application for market-based rates in New York City-area
Buckeye Partners, L.P. announced that Buckeye Pipe Line Co., L.P. filed an application with the Federal Energy Regulatory Commission, or FERC, seeking authority to charge market-based rates for deliveries of refined petroleum products to the New York City-area market. In the Application, Buckeye Pipeline seeks market-based rates from its three origin points in northeastern New Jersey to its five destinations on its Long Island System, including deliveries of jet fuel to the Newark, LaGuardia, and JFK airports. These jet fuel delivery rates were the subject of a complaint filed by Delta Air Lines (DAL), United/Continental Airlines (UAL), JetBlue Airways (JBLU), and US Airways (LCC) on Sept. 20, 2012 in FERC Docket No. OR12-28. If the Application is granted by FERC, Buckeye Pipeline would be permitted prospectively to set its rates with respect to these origins and destinations in response to competitive forces. The airlines' September 20th complaint alleged that Buckeye Pipeline's jet fuel delivery rates to the NYC airports are unjust and unreasonable under the Interstate Commerce Act based on a cost over-recovery rationale. This issue would no longer be relevant with respect to Buckeye Pipeline's future rates upon the granting of the Application. | |
|
News For BPL From The Last 14 Days Check below for free stories on BPL the last two weeks. |
|
|
| May 13, 2013 | | 17:22 EDT | | BPL | ALPS Advisors reports 5.0% passive stake in Buckeye Partners
| |
|
|
|
|
|
|
