Notice2024-11147
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
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Published
May 21, 2024
Issuing agencies
Energy DepartmentFederal Energy Regulatory Commission
Full Text
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<title>Federal Register, Volume 89 Issue 99 (Tuesday, May 21, 2024)</title>
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[Federal Register Volume 89, Number 99 (Tuesday, May 21, 2024)]
[Notices]
[Page 44670]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-11147]
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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 (January 2022 Order), reh'g denied, 179 FERC ] 61,100
(2022).
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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 250.9 for
2022 and 254.6 for 2023.\2\ Thus, the percent change (expressed as a
decimal) in the annual average PPI-FG from 2022 to 2023, minus 0.21
percent, is positive 0.012647.\3\ Oil pipelines must multiply their
July 1, 2023, through June 30, 2024, index ceiling levels \4\ by
positive 1.012647 \5\ to compute their index ceiling levels for July 1,
2024, through June 30, 2025, 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">http://www.bls.gov</a>. To obtain the BLS data, scroll down
to ``Data Tools'' and click on ``BLS Popular Series.'' At the next
screen, under the heading ``Price Indexes,'' select the box, ``PPI
Finished Goods 1982=100 (Unadjusted)-WPUFD49207,'' then scroll to
the bottom of this screen and click on Retrieve data.
\3\ [254.6-250.9]/250.9 = 0.014747-0.0021 = 0.012647.
\4\ See January 2022 Order, 178 FERC ] 61,023, reh'g denied, 179
FERC ] 61,100; see also Revisions to Oil Pipeline Reguls. Pursuant
to the Energy Pol'y Act of 1992, 178 FERC ] 61,046 (2022).
\5\ 1 + 0.012647 = 1.012647.
\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 document in the
Federal Register, the Commission provides all interested persons an
opportunity to view and/or print the contents of this document via the
internet through the Commission's Home Page (<a href="http://www.ferc.gov">http://www.ferc.gov</a>). From
the Commission's Home Page on the internet, this information is
available on eLibrary. The full text of this document is available on
eLibrary in PDF and Microsoft Word format for viewing, printing, and/or
downloading. To access this document in eLibrary, type the docket
number excluding the last three digits of this document in the docket
number field.
User assistance is available for eLibrary and the Commission's
website during normal business hours from FERC Online Support at 202-
502-6652 (toll free at 1-866-208-3676) or email at
<a href="/cdn-cgi/l/email-protection#8bedeef9e8e4e5e7e2e5eef8fefbfbe4f9ffcbedeef9e8a5ece4fd"><span class="__cf_email__" data-cfemail="e68083948589888a8f888395939696899492a680839485c8818990">[email protected]</span></a>, or the Public Reference Room at (202) 502-
8371, TTY (202)502-8659. Email the Public Reference Room at
<a href="/cdn-cgi/l/email-protection#6e1e1b0c02070d401c0b080b1c0b000d0b1c0101032e080b1c0d40090118"><span class="__cf_email__" data-cfemail="2d5d584f41444e035f484b485f48434e485f4242406d4b485f4e034a425b">[email protected]</span></a>.
Dated: May 15, 2024.
Debbie-Anne A. Reese,
Acting Secretary.
[FR Doc. 2024-11147 Filed 5-20-24; 8:45 am]
BILLING CODE 6717-01-P
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