Veresen comments on FERC pipeline decision

On 9 December, Veresen Inc. confirmed that it had received notice from the Federal Energy Regulatory Commission (FERC) that it has denied the request for a rehearing.

In its decision, FERC stated that the 11 March order denied the application and that it would not reopen the record to consider evidence filed subsequent to its initial decision. According to the FERC, the request for rehearing did not demonstrate the existence of extraordinary circumstances.

The FERC reiterated that its denial is without prejudice to the applicants, submitting a new application should the companies show a market need for these services in the future.

"Veresen remains committed to this important energy infrastructure project," said Don Althoff, President and CEO of Veresen. "We are very disappointed by FERC's decision, especially in light of the significant progress that has been made in demonstrating market support for the project and the strong showing of public support for the project. We continue to firmly believe this project will provide significant economic benefit to Oregon, while ensuring responsible environmental stewardship and stakeholder engagement."

The company has stated that it will review its options in light of the FERC’s denial, including appeal or the submission of a new application with FERC.

Read the article online at: https://www.worldpipelines.com/project-news/12122016/veresen-comments-on-ferc-pipeline-decision/