Alaska Administrative Code
Title 3 - Commerce, Community, and Economic Development
Part 7 - Regulatory Commission of Alaska
Chapter 48 - Practice and Procedure
Article 2 - Utility and Pipeline Tariffs
3 AAC 48.274 - Pipeline carrier initial rate filings
Universal Citation: 3 AK Admin Code 48.274
Current through February 27, 2024
(a) Each filing with the commission of an initial pipeline tariff rate for a newly constructed pipeline or a pipeline not previously regulated under AS 42.06 must include
(1) a statement of assets, liabilities, and
other credits as of the beginning of the calendar or fiscal year following the
projected commencement of regulated pipeline operation;
(2) a statement of annual income and
operating expenses as of the beginning of the calendar or fiscal year following
the projected commencement of regulated pipeline operation;
(3) a statement of the pipeline carrier's
equity position to include capital stock, retained earnings, owner's equity, or
fund balances for the beginning of the calendar or fiscal year following the
projected commencement of regulated pipeline operation;
(4) a schedule showing the calculation of the
initial rates;
(5) a schedule
showing the computations of the revenue requirement for the calendar or fiscal
year following the projected commencement of regulated pipeline
operation;
(6) a schedule showing
estimated operating revenues and expenses for the calendar or fiscal year
following the projected commencement of regulated pipeline operation;
(7) a schedule showing the computation of the
pro forma provision for income taxes for the calendar or fiscal year following
the projected commencement of regulated pipeline operation;
(8) a schedule showing the computation of
rate base using the initial balances of all rate base components;
(9) a summary of
(A) pipeline plant and depreciation for the
first calendar or fiscal year following the projected commencement of regulated
pipeline operation, showing plant in service;
(B) depreciation expense for each plant
account;
(C) the depreciation
method;
(D) asset life;
and
(E) net salvage value used for
computing depreciation expense and the beginning-of-year balance of each plant
account and the related account for accumulated depreciation;
(10) a schedule showing the pro
forma cash working capital requirement based on the projected
test-year;
(11) a schedule showing
the computation of weighted cost of capital, separately delineating
(A) the percentage amount and embedded cost
of debt;
(B) the percentage amount
and rate of return on equity; and
(C) the resultant returns on the rate base
computed in (8) of this subsection;
(12) a schedule showing all liabilities of
long-term debt at the beginning of the calendar or fiscal year following the
projected commencement of regulated pipeline operation, including
(A) a description of each
obligation;
(B) the nominal date of
issue;
(C) the date of
maturity;
(D) the authorized face
amount; and
(E) a computation of
embedded cost of debt used in (11) of this subsection; and
(13) prefiled direct testimony complying with
3
AAC 48.153 that supports the information filed with
the application, and a list of the witnesses filing testimony.
(b) A pipeline carrier seeking to collect funds to dismantle or remove pipeline facilities or restore rights-of-way in rates filed in accordance with (a) of this section must provide
(1) a copy of all documents imposing
an obligation to dismantle or remove pipeline facilities or restore
rights-of-way;
(2) a detailed study
supporting estimated costs to dismantle and remove the pipeline facilities and
restore rights-of-way, and the work papers supporting the study;
(3) a schedule of cumulative projected fund
balance by year, including projected collections, expenditures, earnings, and
any effect of income taxes on the fund's projected earnings;
(4) an explanation of proposed fund
management; and prefiled direct testimony complying with
3
AAC 48.153 that supports information filed under this
subsection, and a list of the witnesses filing testimony.
(c) If a pipeline carrier files a new rate for transportation on a pipeline not previously regulated under AS 42.06, the commission may require, in addition to the information required under (a) of this section, information pertaining to the pipeline's historical costs and operations.
Authority:AS 42.06.140
AS 42.06.350
AS 42.06.360
AS 42.06.370
AS 42.06.380
AS 42.06.390
Disclaimer: These regulations may not be the most recent version. Alaska may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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