Legal history and economic implications of oil-pipeline regulation

Journal Article · Thu Jan 01 04:00:00 EST 1981 · Energy Law J.; (United States)

OSTI ID:6608311

Navarro, P; Stauffer, T R

The outcome of the regulatory battle over which ratemaking methodology to adopt for oil pipelines will likely spill over into the regulation of other industries. A review of over 80 rate cases selects the Trans-Alaska Pipeline System (TAPS) and Williams Brothers Pipeline (WBPL) to illustrate the arguments for the ''ICC formula'', the ''Consent Decree formula,'' and the ''FERC formula'' and to present their legal arguments and economic performance. The conclusion is that all are flawed, and should be replaced with two alternatives, one a theoretical norm of ''levelized rates,'' and the second a hybrid ''escalated utility rates'' approach. 69 references, 5 figures, 2 tables.

• Research Organization: Harvard Univ., Cambridge, MA
• OSTI ID: 6608311
• Journal Information: Energy Law J.; (United States), Journal Name: Energy Law J.; (United States) Vol. 2:2; ISSN ELJOE
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
021000* -- Petroleum-- Legislation & Regulations
022000 -- Petroleum-- Transport
Handling
& Storage
29 ENERGY PLANNING, POLICY, AND ECONOMY
290700 -- Energy Planning & Policy-- Transport & Storage
294002 -- Energy Planning & Policy-- Petroleum
ALASKA OIL PIPELINE
ECONOMIC ANALYSIS
ECONOMICS
ENERGY SOURCES
FOSSIL FUELS
FUELS
HISTORICAL ASPECTS
LEGAL ASPECTS
PETROLEUM
PIPELINES
RATE STRUCTURE
REGULATIONS
TRANSPORT