Regulators block proposed oil pipeline extension
WASHINGTON (AP) -- Federal regulators have rejected a request by Enbridge Inc. for the go-ahead to move forward with a proposed $2.5 billion oil pipeline expansion in North Dakota.
The U.S. Federal Energy Regulatory Commission issued the ruling on Friday.
A key sticking point is Enbridge's bid to set the rate structure that it could charge to transport oil through the pipeline.
The commission noted that it has not supported Enbridge's proposed rate.
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