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North Baja Pipeline LLC has denounced what it believes is the “one-size-fits-all approach” being taken by FERC in establishing creditworthy requirements for interstate natural gas pipelines.

Energy companies that seek FERC clearance to issue debt backed by public utility assets must use the debt proceeds strictly for utility purposes, according to an order issued by the Federal Energy Regulatory Commission last Thursday.

Energy companies that seek FERC clearance to issue debt backed by public utility assets must use the debt proceeds strictly for utility purposes, according to an order issued by the Federal Energy Regulatory Commission Thursday.

FERC last week rejected Williams Energy Marketing &Trading’s request to generically exempt Outer Continental Shelf(OCS) pipelines from FERC’s ban on “buy-sell” transactions. But itdid allow a “limited waiver” of its policy for the MineralsManagement Service (MMS) to carry out its royalty-in-kind programin the offshore.