FERC Commissioner Philip Moeller says the regulatory agency would treat the Keystone XL pipeline like any other pipeline, if it is approved. FERC would determine the rates to charge so as to allow investors a fair rate of return. Moeller calls FERC's role in the would-be approved pipeline "hardcore economic analysis." From FERC's perspective, then, Keystone would be just like any other pipeline in the United States. The State Department has yet to decide on Keystone.

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