Oil major Chevron, leading refiner Valero and Delta Air Lines have complained to the U.S. energy watchdog about fees Colonial Pipeline charges to ship gasoline, diesel and jet fuel over its fuel network, the country’s largest. The 917-page complaint, filed last month with the Federal Energy Regulatory Commission (FERC), says Colonial’s fees “greatly exceed just and reasonable levels”. It alleges Colonial overcharged the companies by more than $60 million combined, and is potentially monopolizing fuel delivery into the New York region. The complaint could lead to the first regulatory reexamination of Colonial Pipeline’s rates in nearly 20 years, at a time when the line’s importance for delivering refined products to the Northeast and Southeast United States has come into sharp focus. Colonial says the complaint has no merit, and a legal expert said it may be hard for the shippers to prove their case. Even […]