GOVERNMENT: Go-Ahead for El Paso

For nearly two months, gas pipeline rate increases have been held up because of an appellate court decision in a case involving the city of Memphis and the United Gas Pipe Line Co. of Shreveport, La. (TIME, Dec. 23). Last week FPC decided to grant boosts despite the ruling that pipelines may not raise their rates unless their customers agree, a decision that cast doubts on the legality of $200 million in recent increases. FPC now authorized the El Paso Natural Gas Co. to put into effect a $16.5 million rate increase, provided that it posts a bond for...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!