Notice2025-09243
Notice of Annual Change in the Producer Price Index for Finished Goods; Oil Pipeline Regulations Pursuant to the Energy Policy Act of 1992; Revisions
Primary source
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Published
May 22, 2025
Issuing agencies
Energy DepartmentFederal Energy Regulatory Commission
Full Text
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<title>Federal Register, Volume 90 Issue 98 (Thursday, May 22, 2025)</title>
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[Federal Register Volume 90, Number 98 (Thursday, May 22, 2025)]
[Notices]
[Pages 21917-21918]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-09243]
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DEPARTMENT OF ENERGY
Federal Energy Regulatory Commission
[Docket No. RM93-11-000]
Notice of Annual Change in the Producer Price Index for Finished
Goods; Oil Pipeline Regulations Pursuant to the Energy Policy Act of
1992; Revisions
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), plus zero-point seven
eight percent (PPI-FG + 0.78%). The Commission determined in the
December 2020 Order \1\ and in the Order Reinstating Index \2\ that
PPI-FG + 0.78% is the appropriate oil pricing index factor for
pipelines to use for the five-year period commencing July 1, 2021.
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\1\ Five-Year Rev. of the Oil Pipeline Index, 173 FERC ] 61,245
(2020) (December 2020 Order).
\2\ Revisions to Oil Pipeline Regulations Pursuant to the Energy
Pol'y Act of 1992, 188 FERC ] 61,173 (2024) (Order Reinstating
Index).
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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 254.6 for
2023 and 257.7 for 2024.\3\ Thus, the percent change (expressed as a
decimal) in the annual average PPI-FG from 2023 to 2024, plus 0.78%, is
positive 0.019976.\4\ Oil pipelines must multiply their July 1, 2025,
through June 30, 2026 index ceiling levels by positive 1.019976 \5\ to
compute their index ceiling levels for July 1, 2025, through June 30,
2026, in accordance with 18 CFR 342.3(d). For guidance in calculating
the ceiling levels for each 12-month period beginning January 1,
[[Page 21918]]
l995,\6\ see Explorer Pipeline Company, 71 FERC ] 61,416, at n.6
(1995).
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\3\ Bureau of Labor Statistics (BLS) publishes the final figure
in mid-May of each year. This figure is publicly available at <a href="http://www.bls.gov/ppi/home.htm">http://www.bls.gov/ppi/home.htm</a>. To obtain the BLS data, go to the ``PPI
Data'' menu across the top of the screen, click ``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.
\4\ [257.7-254.6] / 254.6 = 0.012176 + 0.0078 = +0.019976.
\5\ 1 + 0.019976 = 1.019976.
\6\ For a listing of all prior multipliers issued by the
Commission, see the Commission's website, <a href="https://www.ferc.gov/general-information-1/oil-pipeline-index">https://www.ferc.gov/general-information-1/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 this document via the internet through
the Commission'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 the
Commission'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#da9c9f889995b4b6b3b4bf89afaaaab5a8ae9abcbfa8b9f4bdb5ac"><span class="__cf_email__" data-cfemail="9bdddec9d8d4f5f7f2f5fec8eeebebf4e9efdbfdfee9f8b5fcf4ed">[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#dbabaeb9b7b2b8f5a9bebdbea9beb5b8bea9b4b4b69bbdbea9b8f5bcb4ad"><span class="__cf_email__" data-cfemail="c7b7b2a5abaea4e9b5a2a1a2b5a2a9a4a2b5a8a8aa87a1a2b5a4e9a0a8b1">[email protected]</span></a>.
Dated: May 16, 2025.
Debbie-Anne A. Reese,
Secretary.
[FR Doc. 2025-09243 Filed 5-21-25; 8:45 am]
BILLING CODE 6717-01-P
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