A recent ruling by an administrative law judge in the Cantium, LLC v. Rosefield Fourchon Operating, LLC case has the potential to significantly impact Louisiana’s regulatory landscape. The decision expands the regulatory authority of the Louisiana Public Service Commission to include terminal storage facilities, which have operated independently of utility regulators for decades. This ruling could lead to regulatory uncertainty, increased compliance costs, and decreased investment in the state.
The Pelican Institute for Public Policy, represented by general counsel Sarah Harbison, is urging the Louisiana Public Service Commission to reverse the decision. They argue that extending the LPSC’s authority to these operations could harm Louisiana’s energy economy, essential to chemical manufacturing, refined fuels, and LNG exports. The institute believes that maintaining a clear and business-friendly regulatory framework is crucial for fostering private investment and economic growth in the state.
The Pelican Institute is calling for the LPSC to send a message that Louisiana is open for business by reversing the ruling and avoiding potential negative consequences on the economy, workforce, and future of the state.
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