Notice2022-11037
Revisions to Oil Pipeline Regulations Pursuant to the Energy Policy Act of 1992; Notice of Annual Change in the Producer Price Index for Finished Goods
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
May 23, 2022
Issuing agencies
Energy DepartmentFederal Energy Regulatory Commission
Full Text
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<title>Federal Register, Volume 87 Issue 99 (Monday, May 23, 2022)</title>
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[Federal Register Volume 87, Number 99 (Monday, May 23, 2022)]
[Notices]
[Pages 31232-31233]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-11037]
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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 Annual Change in the Producer Price Index
for Finished Goods
The Commission's regulations include a methodology for oil
pipelines to change their rates through use of an index system that
establishes ceiling levels for such rates. The Commission bases the
index system, found at 18 CFR 342.3, on the annual change in the
Producer Price Index for Finished Goods (PPI-FG), minus point two one
percent (PPI-FG -0.21%). The Commission determined in the January 2022
Order \1\ that PPI-FG -0.21% is the appropriate oil pricing index
factor for pipelines to use for this period.
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\1\ Five-Year Rev. of the Oil Pipeline Index, 178 FERC ] 61,023,
at P 105 (2022) (January 2022 Order).
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The regulations provide that the Commission will publish annually
an index figure reflecting the final change in the PPI-FG after the
Bureau of Labor Statistics publishes the final PPI-FG in May of each
calendar year. The annual average PPI-FG index figures were 202.9 for
2020 and 221.0 for 2021.\2\
[[Page 31233]]
Thus, the percent change (expressed as a decimal) in the annual average
PPI-FG from 2020 to 2021, minus 0.21 percent, is positive 0.087107.\3\
Oil pipelines must multiply their July 1, 2021, through June 30, 2022,
index ceiling levels \4\ by positive 1.087107 \5\ to compute their
index ceiling levels for July 1, 2022, through June 30, 2023, in
accordance with 18 CFR 342.3(d). For guidance in calculating the
ceiling levels for each 12-month period beginning January 1, 1995,\6\
see Explorer Pipeline Company, 71 FERC ] 61,416, at n.6 (1995).
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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 <a href="http://www.bls.gov/ppi/home.htm">http://www.bls.gov/ppi/home.htm</a>. 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\ [221.0-202.9]/202.9 = 0.089207 - 0.0021 = 0.087107.
\4\ See January 2022 Order, 178 FERC ] 61,023 at P 106
(directing oil pipelines to recompute their July 1, 2021 through
June 30, 2022 index ceiling levels to be effective March 1, 2022),
reh'g denied, Five-Year Rev. of the Oil Pipeline Index, 179 FERC ]
61,100, at P 8 (2022); see also Revisions to Oil Pipeline Reguls.
Pursuant to the Energy Pol'y Act of 1992, 178 FERC ] 61,046 (2022).
\5\ 1 + 0.087107 = 1.087107.
\6\ For a listing of all prior multipliers issued by the
Commission, see the Commission's website, <a href="https://www.ferc.gov/industries-data/oil/general-information/oil-pipeline-index">https://www.ferc.gov/industries-data/oil/general-information/oil-pipeline-index</a>.
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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 (<a href="http://www.ferc.gov">http://www.ferc.gov</a>) 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.
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 <a href="/cdn-cgi/l/email-protection#75333027363a1b191c1b10260005051a070135131007165b121a03"><span class="__cf_email__" data-cfemail="89cfccdbcac6e7e5e0e7ecdafcf9f9e6fbfdc9efecfbeaa7eee6ff">[email protected]</span></a>), or the Public
Reference Room at 202-502-8371, TTY 202-502-8659. E-Mail the Public
Reference Room at <a href="/cdn-cgi/l/email-protection#bcccc9ded0d5df92ced9dad9ced9d2dfd9ced3d3d1fcdad9cedf92dbd3ca"><span class="__cf_email__" data-cfemail="adddd8cfc1c4ce83dfc8cbc8dfc8c3cec8dfc2c2c0edcbc8dfce83cac2db">[email protected]</span></a>.
Dated: May 17, 2022.
Debbie-Anne A. Reese,
Deputy Secretary.
[FR Doc. 2022-11037 Filed 5-20-22; 8:45 am]
BILLING CODE 6717-01-P
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