Home > Term: golden rule
golden rule
Certain parties have advanced the concept of the "Golden Rule" in pipeline rate cases. Under this concept, the pipeline as a merchant must be subject to all of the terms and conditions as other shippers on the pipeline's system. The pipeline, as a merchant, must contract with itself for transportation service and receive a priority for scheduling and curtailment under the same terms as other shippers. See COMPARABILITY OF SERVICE.
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