Tariff ruling could boost state oil revenue

Posted: Friday, June 20, 2008

JUNEAU - The state could be getting an oil revenue boost.

On Thursday, federal regulators ruled that owners of the 800-mile, trans-Alaska oil pipeline system overcharged 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.

Regulators ordered pipeline owners BP, ConocoPhillips, Exxon Mobil Corp., Chevron Corp. and Koch. to pay a "limited refund."

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