US FERC delays responding to Magellan’s ask for rehearing

NEW YORK (Reuters) – A U.S. appetite regulator on Monday pronounced it extended a timeframe to respond to Magellan Midstream Partners’ ask for a rehearing on a offer to settle a selling arm to buy, sell and boat wanton oil.

The Federal Energy Regulatory Commission (FERC) extended a 30-day deadline by that it is compulsory to respond to appeals of a decisions, according to a filing.

The sequence “provides a Commission as many as it needs to examination entirely a issues lifted in a record” and make a decision, a FERC mouthpiece pronounced in a statement.

On Nov. 22, FERC denied Magellan’s offer to settle a selling affiliate. Marketing arms are common in a tube industry, and many of a tip 10 largest U.S. tube operators have already determined their possess selling or trade arms.

Magellan requested a rehearing on Dec. 22, in a filing that rivals pronounced lifted new issues that could have inclusive consequences for a oil attention and could jeopardise existent selling affiliates.

Last week, oil and gas producers WPX Energy and Chevron asked FERC for a new conference on a extended attention impact of Magellan’s request.

(This chronicle of a story was refiled to mislay erring coding)

Reporting by Devika Krishna Kumar in New York; Editing by Leslie Adler

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