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February 26, 2014
Brattle Principals Publish Article on Pipeline Regulatory Issues in Energy Law Advisor

Brattle principals Steven Levine, Paul Carpenter, and Matthew O’Loughlin have authored an article published in the February 2014 issue of Energy Law Advisor. The article, “Pipeline Regulatory Issues Arising From Oil and Natural Gas Production Growth in North America,” addresses issues that have arisen as a result of increased production of both oil and natural gas in North America and describes recent applications of economic principles to help resolve these regulatory issues.

The authors find that the increased production of oil in North America has constrained some oil pipelines and therefore required regulators to reconsider the rules governing shipper access to pipelines. Regulators have had to reevaluate the impacts of pipeline apportionment and consider procedures to ensure equal access for shippers to new and existing markets. The increase in production of natural gas has had an adverse effect on some incumbent gas pipelines, resulting in regulatory and market responses to mitigate potential stranded cost impacts of shifting flow patterns. Some of these responses have included cost deferral mechanisms, enhanced pricing discretion for short-term transportation services, and the potential conversion of some gas pipelines to oil and liquids pipelines.

To read the complete article, click here.