109 HR 2038 IH: To prevent the retroactive application of changes to Trans-Alaska Pipeline Quality Bank valuation methodologies. U.S. House of Representatives 2005-04-28 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I 109th CONGRESS 1st Session H. R. 2038 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.

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.

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.

3.

Effective date

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