Alaska oil companies settle dispute over Trans
John Ptacin
The settlement was filed Friday with the U.S. Federal Energy Regulatory Commission and the Regulatory Commission of Alaska (RCA)  said  Chief Alaska Attorney General John Ptacin . It is subject to FERC and RCA approval  which state officials hope will happen by next spring   he  said.
The settlement resolves multiple disputes over the time period. “There’s about 40 rate cases. We’re settling all of those cases in this settlement agreement ”  Ptacin  said.
The state argued that the owner companies botched the project and added costs that should not be used to reduce the value of North Slope crude or the revenues derived from that crude. The state prevailed on that point   Ptacin  said.
Disputes also concerned property taxes and how they would be treated in the tariff calculations   he  said.
Also parties to the settlement are Anadarko  Tesoro  Flint Hills and Petro Star Inc.  which shipped oil through the pipeline but held no ownership shares. Those companies generally sided with the state in the tariff disputes   Ptacin  said.
The settlement was filed Friday with the U.S. Federal Energy Regulatory Commission and the Regulatory Commission of Alaska (RCA)  said  [TGT] . It is subject to FERC and RCA approval  which state officials hope will happen by next spring   [TGT]  said.
The settlement resolves multiple disputes over the time period. “There’s about 40 rate cases. We’re settling all of those cases in this settlement agreement ”  [TGT]said.
The state argued that the owner companies botched the project and added costs that should not be used to reduce the value of North Slope crude or the revenues derived from that crude. The state prevailed on that point   [TGT]said.
Disputes also concerned property taxes and how they would be treated in the tariff calculations   he  said.
Also parties to the settlement are Anadarko  Tesoro  Flint Hills and Petro Star Inc.  which shipped oil through the pipeline but held no ownership shares. Those companies generally sided with the state in the tariff disputes   [TGT]said.