[Federal Register Volume 62, Number 27 (Monday, February 10, 1997)]
[Rules and Regulations]
[Pages 5913-5914]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-3153]
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DEPARTMENT OF ENERGY
Federal Energy Regulatory Commission
18 CFR Part 157
[Docket No. RM81-19-000]
Project Cost and Annual Limits
Issued February 4, 1997.
AGENCY: Federal Energy Regulatory Commission.
ACTION: Final rule.
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SUMMARY: Pursuant to the authority delegated by 18 CFR 375.307(e)(1),
the Director of the Office of Pipeline Regulation computes and
publishes the project cost and annual limits specified in Table I of
Sec. 157.208(d) and Table II of Sec. 157.215(a) for each calendar year.
EFFECTIVE DATE: January 1, 1997.
FOR FURTHER INFORMATION CONTACT: Michael J. McGehee, Division of
Pipeline Certificates, OPR (202) 208-2257.
SUPPLEMENTARY INFORMATION:
Publication of Project Cost Limits Under Blanket Certificates; Order of
the Director, OPR
Section 157.208(d) of the Commission's Regulations provides for
project cost limits applicable to construction, acquisition, operation
and miscellaneous rearrangement of facilities (Table I) authorized
under the blanket certificate procedure (Order No. 234, 19 FERC para.
61,216). Section 157.215(a) specifies the calendar year dollar limit
which may be expended on underground storage testing and development
(Table II) authorized under the blanket certificate. Section 157.208(d)
requires that the ``limits specified in Tables I and II shall be
adjusted each calendar year to reflect the `GNP implicit price
deflator' published by the Department of Commerce for the previous
calendar year.''
Pursuant to Sec. 375.307(e)(1) of the Commission's Regulations, the
authority for the publication of such cost limits, as adjusted as
inflation, is delegated to the Director of the Office of Pipeline
Regulation. The cost limits for calendar years 1982 through 1997, as
published in Table I of Sec. 157.208(d) and Table II of
Sec. 157.215(a), are hereby issued.
[[Page 5914]]
Note that these inflation adjustments are based on the Gross
Domestic Product (GDP) Implicit Price Deflator, rather than the Gross
National Product (GNP) Implicit Price Deflator, which is not yet
available for 1996. The Commerce Department advises that in recent
years the annual change has been virtually the same for both indices.
Further adjustments will be made, if necessary.
List of Subjects in 18 CFR Part 157
Natural gas.
Kevin P. Madden,
Director, Office of Pipeline Regulation.
Accordingly, 18 CFR Part 157 is amended as follows:
PART 157--[AMENDED]
1. The authority citation for part 157 continues to read as
follows:
Authority: 15 U.S.C. 717-717w, 3301-3432; 42 U.S.C. 7101-7352.
Sec. 157.208 [Amended]
2. Table I in Sec. 157.208(d) is revised to read as follows:
Sec. 157.208 Construction, acquisition, operation, and miscellaneous
rearrangement of facilities.
* * * * *
(d) * * *
Table I
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Limit
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Year Auto. proj. Prior notice
cost limit proj. cost
(col. 1) limit (col. 2)
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1982.................................... $4,200,000 $12,000,000
1983.................................... 4,500,000 12,800,000
1984.................................... 4,700,000 13,300,000
1985.................................... 4,900,000 13,800,000
1986.................................... 5,100,000 14,300,000
1987.................................... 5,200,000 14,700,000
1988.................................... 5,400,000 15,100,000
1989.................................... 5,600,000 15,600,000
1990.................................... 5,800,000 16,000,000
1991.................................... 6,000,000 16,700,000
1992.................................... 6,200,000 17,300,000
1993.................................... 6,400,000 17,700,000
1994.................................... 6,600,000 18,100,000
1995.................................... 6,700,000 18,400,000
1996.................................... 6,900,000 18,800,000
1997.................................... 7,000,000 19,200,000
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Sec. 157.215 [Amended]
3. Table II in Sec. 157.215(a) is revised to read as follows:
Sec. 157.215 Underground storage testing and development.
(a) * * *
Table II
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Year Limit
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1982.................................................... $2,700,000
1983.................................................... 2,900,000
1984.................................................... 3,000,000
1985.................................................... 3,100,000
1986.................................................... 3,200,000
1987.................................................... 3,300,000
1988.................................................... 3,400,000
1989.................................................... 3,500,000
1990.................................................... 3,600,000
1991.................................................... 3,800,000
1992.................................................... 3,900,000
1993.................................................... 4,000,000
1994.................................................... 4,100,000
1995.................................................... 4,200,000
1996.................................................... 4,300,000
1997.................................................... 4,400,000
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[FR Doc. 97-3153 Filed 2-7-97; 8:45 am]
BILLING CODE 6717-01-M