Art of the Self-Deal: How Regulatory Failure Lets Gas Pipeline Companies Fabricate Need and Fleece Ratepayers

A new report released by Oil Change International, Public Citizen, and the Sierra Club examines how a new wave of gas pipeline construction threatens to shunt serious risks and costs on to utility ratepayers.

Utilities and gas companies are increasingly engaged in self-dealing practices to support a dangerous gas pipeline buildout in the Appalachian Basin.  Lax oversight from regulators – particularly the Federal Energy Regulatory Commission (FERC) – is enabling companies to manufacture ‘need’ for projects while shifting financial risks from shareholders to ratepayers.

Absent effective oversight, ratepayers could end up shouldering long-term costs for pipeline capacity they don’t need, while losing out on opportunities to take advantage of increasingly cheaper, cleaner choices.

Read more at Art of the Self-Deal: How Regulatory Failure Lets Gas Pipeline Companies Fabricate Need and Fleece Ratepayers