NEW YORK, May 19 (Reuters) - Phillips 66 Partners LP proposed raising tariff rates on its 900,000-barrel-per-day (bpd) Gray Oak crude oil pipeline in Texas, according to a filing on Tuesday.
* The company will increase all committed rates on the roughly 900,000 barrel-per-day line by 2% per year, the filing with the Federal Energy Regulatory Commission (FERC) said. Uncommitted rates would be assessed separately and would amount to increases of around 2%.
* The uncommitted rates will be increased by the FERC index factor, while the committed rates have a contractual inflation adjustment factor.
* The rates are set to take effect by July 1.
* The Gray Oak pipeline is one of the biggest new pipelines connecting the Permian basin, the nation’s largest oil field, to the U.S. Gulf Coast.
* It became fully operational last month after a segment was added in the Eagle Ford, Texas, shale region, completing the project. (Reporting by Laila Kearney and Devika Krishna Kumar in New York; editing by Jonathan Oatis)