As a pipeline in the business of transporting oil in interstate commerce, the carriers’ pipeline was subject to the jurisdiction of the Federal Energy Regulatory Commission (FERC) as well as the state regulatory authority. Certain ratepayers raised serious concerns about the carriers’ prudence in approving and managing the Project. Meanwhile, the carriers maintained their costs were reasonably and prudently incurred. This prompted the regulatory authorities to conduct a prudence hearing, which exist to protect ratepayers from being required to pay unnecessary costs in the event it is found that their carriers’ capital project costs were not incurred prudently.
Also we are providing installation and commissioning, and also handle their maintenance.