Discover and read the best of Twitter Threads about #SpireSTL
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THREAD: Okay friends, let's use this drizzly Friday to break down @FERC’s decision in #SpireSTL, because there’s a lot to unpack here, and it truly goes against the most fundamental of economic principles. 1/
@FERC So let’s start with the basics. @FERC can only approve a pipeline if it’s required by the public convenience and necessity. Everyone agrees with that. And one part of that analysis is determining whether the project is needed-- whether there is a market demand for the project. 2/
@FERC Pipeline companies often use what’s called a precedent agreement to show market demand. The idea is easy enough—a pipeline developer enters into an agreement with a prospective shipper, who wishes to reserve capacity on the proposed pipeline. 3/
