RCA approves 3 percent pipeline ownership transfer from BP to PhillipsThe Regulatory Commission of Alaska has approved the transfer of a 3.0845 percent interest in trans-Alaska oil pipeline assets and terminal tankage from BP Pipelines (Alaska) Inc. to Phillips Transportation Alaska Inc. Kristen Nelson
The RCA order of Oct. 15 also amends certificates of public convenience and necessity.
After the transaction, BP will own 46.9263 percent of pipeline assets and 46.0955 percent of terminal tankage; Phillips will own 26.7953 percent of pipeline assets and 25.774 percent of terminal tankage.
The RCA....
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