- The Federal Energy Regulatory Commission must vacate a decision upholding increased tariff rates on Kinder Morgan's (NYSE:KMI) SFPP fuel pipeline system, the U.S. Court of Appeals for the District of Columbia Circuit rules.
- In the case involving shippers on the SFPP pipeline, the court says FERC strayed from long-established policy on data typically considered in rate complaints, using data generated after the challenged rate increases went into effect, without explaining why it did so.
- The shippers, which included American Airlines and Southwest Airlines, challenged 2011-12 rate increases on the SFPP system that took place despite 4.5% and 0.6% declines in costs from the previous years, according to the ruling; the shippers also have challenged subsequent rate increases on the SFPP system.