[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2038 Introduced in House (IH)]






109th CONGRESS
  1st Session
                                H. R. 2038

   To prevent the retroactive application of changes to Trans-Alaska 
             Pipeline Quality Bank valuation methodologies.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 28, 2005

 Mr. Young of Alaska introduced the following bill; which was referred 
                to the Committee on Energy and Commerce

_______________________________________________________________________

                                 A BILL


 
   To prevent the retroactive application of changes to Trans-Alaska 
             Pipeline Quality Bank valuation methodologies.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. DEFINITIONS.

    In this Act:
            (1) Commission.--The term ``Commission'' means the Federal 
        Energy Regulatory Commission.
            (2) TAPS quality bank valuation methodologies.--The term 
        ``TAPS quality bank valuation methodologies'' means valuation 
        methodologies applied for the purpose of establishing monetary 
        adjustments paid by or to shippers of oil on the Trans-Alaska 
        Pipeline (as authorized by the Trans-Alaska Pipeline 
        Authorization Act (43 U.S.C. 1651 et seq.) through the 
        operation of a quality bank to compensate for differentials in 
        the value of shippers' oil commingled in the pipeline.

SEC. 2. FEDERAL ENERGY REGULATORY COMMISSION REVIEW OF TRANS-ALASKA 
              PIPELINE CARRIER TARIFFS.

    Pursuant to the ratemaking authority of the Commission under 
section 60501 of title 49, United States Code, in carrying out a review 
of Trans-Alaska Pipeline carrier tariffs, the Commission shall not 
approve any retroactive application of TAPS quality bank valuation 
methodologies.

SEC. 3. EFFECTIVE DATE.

    This Act applies to orders of the Commission issued after December 
31, 2005.
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