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, 44670 [2024-11147]

Download as PDF 44670 Federal Register / Vol. 89, No. 99 / Tuesday, May 21, 2024 / Notices accompanied by proof of service on all persons listed in the service list prepared by the Commission in this proceeding, in accordance with 18 CFR 385.2010. r. The Commission’s Office of Public Participation (OPP) supports meaningful public engagement and participation in Commission proceedings. OPP can help members of the public, including landowners, environmental justice communities, Tribal members and others, access publicly available information and navigate Commission processes. For public inquiries and assistance with making filings such as interventions, comments, or requests for rehearing, the public is encouraged to contact OPP at (202)502–6595 or OPP@ ferc.gov. Dated: May 15, 2024. Debbie-Anne A. Reese, Acting Secretary. [FR Doc. 2024–11149 Filed 5–20–24; 8:45 am] BILLING CODE 6717–01–P DEPARTMENT OF ENERGY Federal Energy Regulatory Commission [Docket No. RM93–11–000] ddrumheller on DSK120RN23PROD with NOTICES1 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. 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 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). 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 VerDate Sep<11>2014 18:13 May 20, 2024 Jkt 262001 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). 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). 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 ferconlinesupport@ferc.gov, or the Public Reference Room at (202) 502– 8371, TTY (202)502–8659. Email the Public Reference Room at public.referenceroom@ferc.gov. 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 annual data supplement to the BLS publication Producer Price Indexes via the internet at https:// www.bls.gov. 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, https:// www.ferc.gov/industries-data/oil/generalinformation/oil-pipeline-index. PO 00000 Frm 00046 Fmt 4703 Sfmt 4703 DEPARTMENT OF ENERGY Federal Energy Regulatory Commission Combined Notice of Filings #1 Take notice that the Commission received the following exempt wholesale generator filings: Docket Numbers: EG24–177–000. Applicants: Hornet Solar LLC. Description: Hornet Solar LLC submits Notice of Self-Certification of Exempt Wholesale Generator Status. Filed Date: 5/13/24. Accession Number: 20240513–5293. Comment Date: 5 p.m. ET 6/3/24. Take notice that the Commission received the following electric rate filings: Docket Numbers: ER24–1259–001. Applicants: Occidental Power Marketing, L.P. Description: Tariff Amendment: Deficiency Letter Response to be effective 2/16/2024. Filed Date: 5/14/24. Accession Number: 20240514–5044. Comment Date: 5 p.m. ET 6/4/24. Docket Numbers: ER24–1261–001. Applicants: Occidental Power Services, Inc. Description: Tariff Amendment: Deficiency Letter Response to be effective 2/16/2024. Filed Date: 5/14/24. Accession Number: 20240514–5045. Comment Date: 5 p.m. ET 6/4/24. Docket Numbers: ER24–1262–001. Applicants: Occidental Chemical Corporation. Description: Tariff Amendment: Deficiency Letter Response to be effective 2/16/2024. Filed Date: 5/14/24. Accession Number: 20240514–5046. Comment Date: 5 p.m. ET 6/4/24. Docket Numbers: ER24–1263–001. Applicants: OTCF, LLC. Description: Tariff Amendment: Deficiency Letter Response to be effective 2/16/2024. Filed Date: 5/14/24. Accession Number: 20240514–5052. Comment Date: 5 p.m. ET 6/4/24. Docket Numbers: ER24–1469–002. Applicants: PJM Interconnection, L.L.C. Description: Tariff Amendment: Amendment to ER24–1469–001 re: Metadata Correction to be effective 1/1/ 2024. Filed Date: 5/14/24. Accession Number: 20240514–5114. Comment Date: 5 p.m. ET 6/4/24. Docket Numbers: ER24–1580–001. Applicants: Alabama Power Company, Georgia Power Company, Mississippi Power Company. E:\FR\FM\21MYN1.SGM 21MYN1

Agencies

[Federal Register Volume 89, Number 99 (Tuesday, May 21, 2024)]
[Notices]
[Page 44670]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[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.
---------------------------------------------------------------------------

    \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).
---------------------------------------------------------------------------

    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).
---------------------------------------------------------------------------

    \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 https://www.bls.gov. 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, https://www.ferc.gov/industries-data/oil/general-information/oil-pipeline-index.
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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 (https://www.ferc.gov). 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 
[email protected], or the Public Reference Room at (202) 502-
8371, TTY (202)502-8659. Email the Public Reference Room at 
[email protected].

    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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