FERC last Thursday ordered Columbia Gas Transmission to disgorge $9 million in unjust profits for alleged violations of its parking and lending (PAL) service tariff between 1998 and 2003, and directed Columbia Gas and sister pipeline Columbia Gulf Transmission to pay a civil penalty of $1 million for violations related to their nominations and discount posting practices.
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Columbia Pipes Hit with $1M Penalty, $9M Disgorged Profits
FERC Thursday ordered Columbia Gas Transmission to disgorge $9 million in unjust profits for alleged violations of its parking and lending (PAL) service tariff between 1998 and 2003, and directed Columbia Gas and sister pipeline Columbia Gulf Transmission to pay a civil penalty of $1 million for violations related to their nominations and discount posting practices.
Dynegy, Amoco Seek Stiff Penalties for Affiliates
Calling for a rejection of four negotiated parking and lending (PAL) agreements between Koch Gateway and its affiliate Koch Energy Trading (KET), Dynegy and Amoco filed some suggestions May 5 on how FERC might fix the Order 497 problems that allowed the pipeline to allegedly engage in such affiliate preferences.
Technical Conference Slated to Probe Koch PAL Deals
FERC has accepted and suspended subject to refund fournegotiated parking and lending (PAL) agreements between KochGateway Pipeline and its marketing affiliate, Koch Energy Trading.In addition, the Commission has scheduled a technical conference onthe matter to explore what it called “serious concerns” raised byprotesters about Koch’s dealings with its affiliate and use of itsnegotiated rate privileges. The Commission in August 1996 grantedKoch’s negotiated rate authority.