Fuel shippers seek U.S. review of 'excessive' Colonial Pipeline rates

Joseph Fagan was quoted in an article, "Fuel shippers seek U.S. review of 'excessive' Colonial Pipeline rates," published by Reuters. The article discusses a complaint filed with the Federal Energy Regulatory Commission (FERC) by Chevron, Valero and Delta Air Lines about fees Colonial Pipeline charges to ship gasoline, diesel and jet fuel over its fuel network. Fagan told Reuters that it may be hard for shippers to convince FERC that market-based rates are excessive, "Simply saying that they are charging rates that are very high and therefore they must have market power, that doesn't get you there ... Frustration does not a valid complaint make," Fagan said.