Abstract
This article examines the regulations of pipeline tolls and tariffs. In particular, concepts of fairness, economic rationale, selected Canadian and American case law and the discretion of regulators like the National Energy Board are discussed. The author presents lay aspects of the Westcoast Energy Inc. Framework for Light-Handed Regulation," explains the light-handed regulation of pipeline in Texas and by the Federal Energy Regulatory Commission, and concludes with future developments in Canada.
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