[Federal Register Volume 60, Number 101 (Thursday, May 25, 1995)]
[Notices]
[Page 27727]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-12838]



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DEPARTMENT OF ENERGY
[Docket No. RM93-11-000]


Revisions to Oil Pipeline Regulations Pursuant to the Energy 
Policy Act of 1992

Issued May 19, 1995.
AGENCY: Federal Energy Regulatory Commission.

ACTION: Notice of Annual Change in the Producer Price Index for 
Finished Goods, Minus One Percent.

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SUMMARY: The Commission is issuing the index that oil pipelines must 
apply to their January 1-June 30, 1995 rate ceiling levels to compute 
their rate ceiling levels for the period July 1, 1995, through June 30, 
1996, in accordance with 18 CFR 342.3(d). This index, which is the 
percent change (expressed as a decimal) in the annual average Producer 
Price Index for Finished Goods from 1993 to 1994, minus one percent, is 
a negative .003585. Oil pipelines must multiply their January 1-June 
30, 1995 rate ceiling levels by .996415 to compute their rate ceiling 
levels for the period July 1, 1995 through June 30, 1996.

FOR FURTHER INFORMATION CONTACT:
Lucille M. Langlois, Office of Economic Policy, Federal Energy 
Regulatory Commission, 825 North Capitol Street, N.E., Washington, DC 
20426, (202) 208-2141.

SUPPLEMENTARY INFORMATION: In addition to publishing the full text of 
this document in the Federal Register, the Commission also provides all 
interested persons an opportunity to inspect or copy the contents of 
this document during normal business hours in Room 3104, 941 North 
Capitol Street, N.E., Washington, DC 20426.
    The Commission Issuance Posting System (CIPS), an electronic 
bulletin board service, provides access to the texts of formal 
documents issued by the Commission. CIPS is available at no charge to 
the user and may be accessed using a personal computer with a modem by 
dialing (202) 208-1397. To access CIPS, set your communications 
software to 19200, 14400, 12000, 9600, 7200, 4800, 2400, 1200 or 
300bps, full duplex, no parity, 8 data bits, and 1 stop bit. The full 
text of this document will be available on CIPS for 60 days from the 
date of issuance in ASCII and WordPerfect 5.1 format. After 60 days the 
document will be archived, but still accessible. The complete text on 
diskette in Wordperfect format may also be purchased from the 
Commission's copy contractor, La Dorn Systems Corporation, also located 
in Room 3104, 941 North Capitol Street, N.E., Washington, DC 20426.

Notice of Annual Change in the Producer Price Index for Finished Goods, 
Minus One Percent

Issued May 19, 1995.
    In Order No. 561, the Federal Energy Regulatory Commission issued a 
Final Rule adopting regulations to implement the requirements of the 
Energy Policy Act of 1992.\1\ The Final Rule provides a methodology for 
oil pipelines to change their rates through use of an index system that 
establishes ceiling levels for such rates. The index system as set 
forth in the Commission's regulations at 18 CFR 342.3 is based on the 
annual change in the Producer Price Index for Finished Goods (PPI-FG), 
minus one percent. The regulations provide that each year the 
Commission will publish an index reflecting the final change in the 
PPI-FG, minus one percent, after the final PPI-FG is made available by 
the Bureau of Labor Statistics in May of each calendar year.

    \1\ III FERC Stats. & Regs. para. 30,985 (1993); 58 FR 58753 
(November 4, 1993).
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    The annual average PPI-FG index figure for 1993 was 124.7 and the 
annual average PPI-FG index figure for 1994 was 125.5.\2\ The percent 
change expressed as a decimal) in the annual average PPI-FG from 1993 
to 1994, minus one percent therefore is a negative .003585.\3\ Thus, 
oil pipelines must multiply their January 1-June 30, 1995 rate ceiling 
levels by .996415 to compute their rate ceiling levels for the period 
July 1, 1995, through June 30, 1996, in accordance with 18 CFR 
342.3(d). If a resulting rate ceiling level is below a filed rate, that 
rate must be reduced in accordance with 18 CFR 342.3(e).

    \2\ The final figure for the annual average PPI-FG is published 
by the Bureau of Labor Statistics in mid-May of each year. This 
figure is publicly available from the Division of Industrial Prices 
and Price Indexes of the Bureau of Labor Statistics, at (202) 606-
7705, and is available in print in August in Table 1 of the annual 
data supplement to the BLS publication Producer Price Indexes.
    \3\ [125.5-124.7]/124.7=.006415; .006415-0.01=-.003585.
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Lois D. Cashell,
Secretary.
[FR Doc. 95-12838 Filed 5-24-95; 8:45 am]
BILLING CODE 6717-01-M