FERC orders TAPS to pay state refund

Alaska could be getting an oil revenue boost. Federal regulators today ruled that owners of the 800-mile, trans-Alaska pipeline system overcharged for shipping oil in 2005 and 2006. Those higher tariffs meant less money for the state. FERC has ordered pipeline owners BP, ConocoPhillips and Exxon Mobil to pay a “limited refund.”

Associated Press