FERC rejects Enbridge's expansion of Sandpiper oil pipeline

WASHINGTON, March 22 Fri Mar 22, 2013 2:54pm EDT

WASHINGTON, March 22 (Reuters) - Federal regulators said on Friday they rejected an extension of Enbridge's $2.5 billion Sandpiper pipeline project that would move oil from North Dakota to Wisconsin and Minnesota.

The Federal Energy Regulatory Commission rejected the extension, a key part of Enbridge's plan for overall expansion in North America, saying that its proposed rate structure was not supported by existing regulations.