US regulator suspends Colonial Pipeline's proposed changes to fuel shipping terms

Nicole Jao and Shariq Khan

Wed, Apr 2, 2025, 8:48 AM 1 min read

By Nicole Jao and Shariq Khan

NEW YORK (Reuters) - The Federal Energy Regulatory Commission issued an bid to suspend Colonial Pipeline's projected changes to substance shipping presumption for 7 months.

Colonial Pipeline sought FERC's support past period to halt shipping antithetic grades of gasoline astatine the aforesaid clip and to trim the full fig of grades it moves connected the pipeline.

The regulator has accepted and suspended the revised tariff grounds for 7 months to bespeak projected modifications, a filing shows. The regulator volition clasp a insubstantial proceeding to research the issues raised by Colonial Pipeline and substance shippers.

Oil majors including Exxon Mobil, Chevron Corp and BP Plc filed protestation notices with the regulator, citing imaginable harm to shippers and consumers successful bid to boost Colonial profits.

Colonial rejected the arguments, saying they were driven by the protesting shippers' absorption connected their ain economics. It said the projected changes volition let it to vessel up to 10,000 barrels a time much gasoline connected its main gasoline pipeline, which astir ever runs full, benefiting some shippers and consumers.

Colonial Pipeline did not instantly respond to Reuters' petition for comment.

(Reporting by Nicole Jao successful New York)