Document ID: FERC-2022-0093-0001
Agency: ferc
Document Type: Notice
Title: Oil Pipeline Index Figure: Energy Policy Act
Posted Date: 2022-01-26T05:00Z

[Federal Register Volume 87, Number 17 (Wednesday, January 26, 2022)]
[Notices]
[Page 4008]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-01521]

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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

[Docket No. RM93-11-000]

Revisions to Oil Pipeline Regulations Pursuant to the Energy 
Policy Act of 1992; Notice of Change in Oil Pipeline Index Figure

    On January 20, 2022, the Commission determined that the appropriate 
oil pricing index factor for pipelines to use for the current five-year 
period is Producer Price Index for Finished Goods minus point two one 
percent (PPI-FG-0.21%).\1\
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    \1\ Five-Year Review of the Oil Pipeline Index, 178 FERC ] 
61,023, at P 105 (2022) (Order on Rehearing).
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    In accordance with the Order on Rehearing, oil pipelines must 
multiply their July 1, 2020 through June 30, 2021 index ceiling levels 
by positive 0.984288 to recompute their July 1, 2021 through June 30, 
2022 index ceiling levels, to be effective March 1, 2022. The index 
figure published by the Commission reflects the final change in the 
PPI-FG published by the Bureau of Labor Statistics. The annual average 
PPI-FG index figures were 205.7 for 2019 and 202.9 for 2020.\2\ Thus, 
the percent change (expressed as a decimal) in the annual average PPI-
FG from 2019 to 2020, minus 0.21%, is negative 0.015712.\3\ 
Accordingly, the index multiplier is 0.984288.\4\
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    \2\ Bureau of Labor Statistics (BLS) publishes the final figure 
in mid-May of each year. This figure is publicly available from the 
Division of Industrial Prices and Price Indexes of the BLS, at 202-
691-7705, and in print in August in Table 1 of the annual data 
supplement to the BLS publication Producer Price Indexes via the 
internet at http://www.bls.gov/ppi/home.htm. To obtain the BLS data, 
scroll down to ``PPI Databases'' and click on ``Top Picks'' of the 
Commodity Data including ``headline'' FD-ID indexes (Producer Price 
Index--PPI). At the next screen, under the heading ``PPI Commodity 
Data,'' select the box, ``Finished goods--WPUFD49207,'' then scroll 
to the bottom of this screen and click on Retrieve data.
    \3\ [202.9-205.7]/205.7 = (-0.013612)--0.0021 = (-0.015712).
    \4\ 1-0.015712 = 0.984288.
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    In addition to publishing the full text of this Notice in the 
Federal Register, the Commission provides all interested persons an 
opportunity to view and/or print this Notice via the internet through 
FERC's Home Page (http://www.ferc.gov) using the eLibrary link. To 
access this document in eLibrary, type the docket number excluding the 
last three digits of this document in the docket number field and 
follow other directions on the search page. At this time, the 
Commission has suspended access to the Commission's Public Reference 
Room due to the proclamation declaring a National Emergency concerning 
the Novel Coronavirus Disease (COVID-19) issued by the President on 
March 13, 2020.
    User assistance is available for eLibrary and other aspects of 
FERC's website during normal business hours. For assistance, please 
contact the Commission's Online Support at 1-866-208-3676 (toll free) 
or 202-502-6652 (email at [email protected]), or the Public 
Reference Room at 202-502-8371, TTY 202-502-8659. E-Mail the Public 
Reference Room at [email protected].

    Dated: January 20, 2022.
Kimberly D. Bose,
Secretary.
[FR Doc. 2022-01521 Filed 1-25-22; 8:45 am]
BILLING CODE 6717-01-P