FERC controlled pipelines. What is your plan of attack?

With the Rover pipeline and a few others going in, there are going to be low ball offers made to landowners because of the protection FERC offers to these companies. I've heard about the crazy offers. They are so low that they make you sick to your stomach. Plus, they want to pay you for the land in the ROW as acreage. For example, if the total length of the ROW is 1500 feet. They will figure it out in acreage and pay you for that. Your 1500 foot ROW might be two total acres. Two acres to them might be worth 4000 or 5000 thousand dollars. How do you feel about receiving that little amount for a 1500 feet ROW??? I've dealt with AEP (American Electric Power) before and they try to pull the same BS. When they have FERC / public utility their side, then they try to screw the landowner royally. Comments?

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Permalink Reply by Lester L Greevy on October 21, 2014 at 10:51am

FERC condemnation procedures and very highly defined with procedural steps along the way to ensure landowners are adequately compensated. A land owner should not be intimidated by threats of condemnation. The Federal rules for appraisel are very encompassing. It is important to require the Condemnor to comply and produce an Estimated Just Compensation offer in accordence with the rules. That is when negotiations really start. Best to have a lawyer experienced in these matters to assist you.

Les Greevy

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