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November 22, 2024
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FERC to Return $13.6M to BP from 2008 Enforcement Case
Court Ruled FERC Partly Overstepped Its Jurisdiction and BP Still Paid $10.75M
Aerial view of the Houston Ship Channel
Aerial view of the Houston Ship Channel | Shutterstock
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FERC approved the return of $13.6 million in penalties it had collected from BP over a case of alleged manipulation of Houston Ship Channel natural gas prices after Hurricane Ike in 2008.
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