The Federal Energy Regulatory Commission backed Occidental...
The Federal Energy Regulatory Commission backed Occidental Petroleum in the energy conglomerate’s appeal of a $412-million court judgement, Oxy said. The dispute in a federal court in Wyoming centers on natural gas prices and an alleged breach of contract by an Occidental subsidiary, Natural Gas Pipeline Co. In a filing with the 10th Circuit Court of Appeals in Denver, FERC said the jury ruling should be overturned because it conflicts with the federal agency’s rulings on such issues. A jury first awarded $724 million to Colorado Interstate, a pipeline unit of Coastal Corp., but a judge lowered the damages.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
