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JUNEAU, Alaska - Alaska could be getting an oil revenue boost.
On Thursday, federal regulators ruled that owners of the 800-mile, trans-Alaska pipeline system over charged for shipping oil in 2005 and 2006.
The state collects money once the tariffs get assessed on the wellhead value of a barrel of oil. Higher tariffs mean less money for the state.
FERC has ordered pipeline owners BP PLC, ConocoPhillips, Exxon Mobil Corp., Chevron Corp. and Koch. to pay a "limited refund."
FERC supported last year's administrative law judge decision that fees to move oil destined for use out-of-state should reflect those for oil being sold in-state.
Four years ago, the state, Anadarko Petroleum Corp. and refiner Tesoro Corp. challenged the rates.
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