Inquiry Regarding the Commission's Policy for Determining Return on Equity; Five-Year Review of the Oil Pipeline Index, 42380 [2020-15045]

Download as PDF 42380 Federal Register / Vol. 85, No. 135 / Tuesday, July 14, 2020 / Notices Applicants: Algonquin Gas Transmission, LLC. Description: § 4(d) Rate Filing: Negotiated Rates—July 2020 Cleanup Filing to be effective 8/6/2020. Filed Date: 7/6/20. Accession Number: 20200706–5073. Comments Due: 5 p.m. ET 7/20/20. The filings are accessible in the Commission’s eLibrary system by clicking on the links or querying the docket number. Any person desiring to intervene or protest in any of the above proceedings must file in accordance with Rules 211 and 214 of the Commission’s Regulations (18 CFR 385.211 and 385.214) on or before 5:00 p.m. Eastern time on the specified date(s). Protests may be considered, but intervention is necessary to become a party to the proceeding. eFiling is encouraged. More detailed information relating to filing requirements, interventions, protests, service, and qualifying facilities filings can be found at: https://www.ferc.gov/ docs-filing/efiling/filing-req.pdf. For other information, call (866) 208–3676 (toll free). For TTY, call (202) 502–8659. Dated: July 8, 2020. Nathaniel J. Davis, Sr., Deputy Secretary. BILLING CODE 6717–01–P DEPARTMENT OF ENERGY Federal Energy Regulatory Commission [Docket Nos. PL19–4–000; RM20–14–000] Inquiry Regarding the Commission’s Policy for Determining Return on Equity; Five-Year Review of the Oil Pipeline Index Notice Establishing Date for Filing Updated Data On May 21, 2020, the Commission issued a Policy Statement adopting a revised methodology for determining return on equity for natural gas and oil pipelines (ROE Policy Statement).1 In light of the impending five-year review of the oil pipeline index, the Commission encouraged oil pipelines to file updated FERC Form No. 6, page 700 data for 2019 reflecting the revised ROE methodology 2 and explained that 1 Inquiry Regarding the Commission’s Policy for Determining Return on Equity, 171 FERC ¶ 61,155 (2020) (ROE Policy Statement). 2 Id. P 92. The Commission explained in the ROE Policy Statement that pipelines that previously filed Form No. 6 for 2019 and choose to submit updated page 700 data should, in a footnote on the updated 17:58 Jul 13, 2020 Jkt 250001 Dated: July 7, 2020. Nathaniel J. Davis, Sr., Deputy Secretary. [FR Doc. 2020–15045 Filed 7–13–20; 8:45 am] BILLING CODE 6717–01–P DEPARTMENT OF ENERGY Federal Energy Regulatory Commission [Project No. 405–125] Exelon Generating Company, LLC; Notice of Application Accepted for Filing and Soliciting Comments, Motions To Intervene, and Protests [FR Doc. 2020–15158 Filed 7–13–20; 8:45 am] VerDate Sep<11>2014 following Office of Management and Budget (OMB) approval of this voluntary information collection, the Commission would issue a notice affording pipelines two weeks to file such updated page 700 data.3 On June 29, 2020, the Commission submitted a request to OMB for approval of the voluntary information collection FERC–6(PL).4 On July 6, 2020, OMB granted the Commission’s request and approved the voluntary information collection FERC–6(PL). Notice is hereby given that oil pipelines choosing to file updated FERC Form No. 6, page 700 data consistent with the ROE Policy Statement 5 should file such data on or before July 21, 2020. Take notice that the following hydroelectric application has been filed with the Commission and is available for public inspection: a. Application Type: Non-project use of project lands and waters for dredging. b. Project No: 405–125. c. Date Filed: June 18, 2020. d. Applicant: Exelon Generating Company, LLC. e. Name of Project: Conowingo Hydroelectric Project. f. Location: Cecil County, Maryland. g. Filed Pursuant to: Federal Power Act, 16 U.S.C. 791a–825r. h. Applicant Contact: Andrea Danucalov, FERC License Compliance Manager, Exelon Generation, 2569 Shures Landing Road, Darlington, MD 21034, andrea.danucalov@ exeloncorp.com, (267) 533–1125. i. FERC Contact: Mark Carter, (678) 245–3083, mark.carter@ferc.gov. page 700, either (a) confirm that their previously filed Form No. 6 was based solely upon the Discounted Cash Flow (DCF) model or (b) provide the real ROE and resulting cost of service based solely upon the DCF model as it was applied to oil pipelines prior to the ROE Policy Statement. Id. 3 Id. P 93. 4 OMB Control No. 1902–0318, Expiration Date 01/31/2021. 5 ROE Policy Statement, 171 FERC ¶ 61,155 at PP 92–93. PO 00000 Frm 00035 Fmt 4703 Sfmt 4703 j. Deadline for filing comments, motions to intervene, and protests: August 7, 2020. The Commission strongly encourages electronic filing. Please file comments, motions to intervene, and protests using the Commission’s eFiling system at https://www.ferc.gov/docs-filing/ efiling.asp. Commenters can submit brief comments up to 6,000 characters, without prior registration, using the eComment system at https:// www.ferc.gov/docs-filing/ ecomment.asp. You must include your name and contact information at the end of your comments. For assistance, please contact FERC Online Support at FERCOnlineSupport@ferc.gov, (866) 208–3676 (toll free), or (202) 502–8659 (TTY). The first page of any filing should include docket number P–405– 125. Comments emailed to Commission staff are not considered part of the Commission record. The Commission’s Rules of Practice and Procedure require all intervenors filing documents with the Commission to serve a copy of that document on each person whose name appears on the official service list for the project. Further, if an intervenor files comments or documents with the Commission relating to the merits of an issue that may affect the responsibilities of a particular resource agency, they must also serve a copy of the document on that resource agency. k. Description of Request: Exelon Generating Company, LLC is requesting Commission approval to authorize the Maryland Environmental Service (applicant) to implement a dredging pilot project approximately 5 miles upstream from the Conowingo Dam. The applicant proposes to mobilize the dredging barge at Dorsey Park Boat Launch, mechanically dredge 1,000 cubic yards of sediment from project waters, stockpile the stored sediment at Peach Bottom Road Boat Launch, then transport dried material outside the project boundary for beneficial use within the state of Maryland. The dredging pilot project would result in limited availability of the Dorsey Park Boat Launch to half capacity for 3 weeks and closure of the Peach Bottom Road Boat Launch for up to two months. The proposed dredging pilot project would occur outside the recreational boating season. l. Locations of the Application: 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 (https://www.ferc.gov) using E:\FR\FM\14JYN1.SGM 14JYN1

Agencies

[Federal Register Volume 85, Number 135 (Tuesday, July 14, 2020)]
[Notices]
[Page 42380]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-15045]


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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

[Docket Nos. PL19-4-000; RM20-14-000]


Inquiry Regarding the Commission's Policy for Determining Return 
on Equity; Five-Year Review of the Oil Pipeline Index

Notice Establishing Date for Filing Updated Data

    On May 21, 2020, the Commission issued a Policy Statement adopting 
a revised methodology for determining return on equity for natural gas 
and oil pipelines (ROE Policy Statement).\1\ In light of the impending 
five-year review of the oil pipeline index, the Commission encouraged 
oil pipelines to file updated FERC Form No. 6, page 700 data for 2019 
reflecting the revised ROE methodology \2\ and explained that following 
Office of Management and Budget (OMB) approval of this voluntary 
information collection, the Commission would issue a notice affording 
pipelines two weeks to file such updated page 700 data.\3\
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    \1\ Inquiry Regarding the Commission's Policy for Determining 
Return on Equity, 171 FERC ] 61,155 (2020) (ROE Policy Statement).
    \2\ Id. P 92. The Commission explained in the ROE Policy 
Statement that pipelines that previously filed Form No. 6 for 2019 
and choose to submit updated page 700 data should, in a footnote on 
the updated page 700, either (a) confirm that their previously filed 
Form No. 6 was based solely upon the Discounted Cash Flow (DCF) 
model or (b) provide the real ROE and resulting cost of service 
based solely upon the DCF model as it was applied to oil pipelines 
prior to the ROE Policy Statement. Id.
    \3\ Id. P 93.
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    On June 29, 2020, the Commission submitted a request to OMB for 
approval of the voluntary information collection FERC-6(PL).\4\ On July 
6, 2020, OMB granted the Commission's request and approved the 
voluntary information collection FERC-6(PL).
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    \4\ OMB Control No. 1902-0318, Expiration Date 01/31/2021.
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    Notice is hereby given that oil pipelines choosing to file updated 
FERC Form No. 6, page 700 data consistent with the ROE Policy Statement 
\5\ should file such data on or before July 21, 2020.
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    \5\ ROE Policy Statement, 171 FERC ] 61,155 at PP 92-93.

    Dated: July 7, 2020.
Nathaniel J. Davis, Sr.,
Deputy Secretary.
[FR Doc. 2020-15045 Filed 7-13-20; 8:45 am]
BILLING CODE 6717-01-P
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