[Federal Register Volume 62, Number 152 (Thursday, August 7, 1997)]
[Notices]
[Page 42538]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-20806]


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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission
[Docket No. OR95-7-000]


Longhorn Partners Pipeline; Notice of Petition for Further Review 
of Asset Valuation

August 1, 1997.
    Take notice that on July 31, 1997, Longhorn Partners Pipeline, L.P. 
(Longhorn), pursuant to Rule 207 of the Commission's Rules of Practice 
and Procedure, 18 CFR 387.207, and the Commission's Order on Petition 
for Declaratory Order issued December 20, 1995, 73 FERC para. 61,355 
(1995), filed a petition for further review of the asset valuation that 
was the subject of the 1995 order.
    The 1995 order allowed Longhorn to include in its cost of service 
the full purchase price of a crude oil pipeline to be acquired from 
Exxon Pipeline Company (Exxon). The 1995 order provided, however, that 
``if Exxon or any of its affiliates should become an equity owner of 
the [Longhorn] system, the proper valuation of the Baytown to Crane 
segment, as to Exxon's ownership, shall be subject to further review.'' 
73 FERC para. 61,355 at 62,113.
    Longhorn indicates that Exxon will acquire an equity interest in 
the Longhorn partnership. Accordingly, Longhorn requests a further 
valuation review and a determination that it may use in its cost of 
service the purchase price of the pipeline segment it is acquiring from 
Exxon, notwithstanding Exxon's anticipated equity participation in the 
Longhorn Partnership.
    Any person desiring to be heard or to protest said filing must file 
a motion to intervene or protest with the Federal Energy Regulatory 
Commission, 888 First Street, N.E., Washington, D.C. 20426, in 
accordance with 18 CFR 385.214 and 18 CFR 385.211 of the Commission's 
Rules and Regulations. All such motions or protests must be filed on or 
before August 15, 1997. Protests will be considered by the Commission 
in determining the appropriate action to be taken, but will not serve 
to make protestants parties to the proceeding. Any person wishing to 
become a party must file a motion to intervene. Copies of this filing 
are on file with the Commission and are available for public inspection 
in the Public Reference Room.
Linwood A. Watson, Jr.,
Acting Secretary.
[FR Doc. 97-20806 Filed 8-6-97; 8:45 am]
BILLING CODE 6717-01-M