[Federal Register Volume 66, Number 131 (Monday, July 9, 2001)]
[Notices]
[Page 35782]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-17066]


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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

[Docket No. RP98-40-028]


Panhandle Eastern Pipe Line Company; Notice of Offer of 
Settlement

July 2, 2001.
    Take notice that on June 22, 2001, Panhandle Eastern Pipe Line 
Company (Panhandle), on behalf of itself and Sponsoring Parties,\1\ 
filed a Stipulation and Agreement (Settlement) under Rule 602 of the 
Commission's Rules of Practice and Procedure in the captioned docket. 
The Settlement is designed to resolve all matters associated with the 
payment of Kansas ad valorem tax refunds on Panhandle's system for the 
period before June 28, 1988 due to the Commission's implementation of 
the decision of the United States Court of Appeals for the District of 
Columbia Circuit in Public Service Company of Colorado.\2\ A copy of 
the Settlement is on file with the Commission and is available for 
public inspection in the Public Reference Room. The Settlement may be 
viewed on the web at http://www.ferc.fed.us/online/rims.htm (call 202-
208-2222 for assistance).
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    \1\ Other than Panhandle, Sponsoring Parties include Anadarko 
Petroleum Corporation, OXY USA Inc., Amoco Production Company, 
Pioneer Natural Resources USA, Inc., Duke Energy Services, Inc., 
Dorchester Hugoton, Ltd., RME Corporation (formerly Union Pacific 
Resources Company), Biedenharn Petroleum, Inc., Midgard Energy 
Company, Barrett Energy, Inc. Helen C. Dyer/Saturn Trust, Barbara J. 
Wilson, Inc., Marcus Barrett III, William O. Barrett, Helmerich & 
Payne, Inc., Kaiser--Francies Oil Company, Mobil Oil Corporation, 
Barbara J. Wilson Estate, Joyce A. Mims, Texaco Inc., Anna B. 
Chamberlain Trust, Credo Exploration Program Ltd. 1979, Carle W. 
Hoffman, Hoffman Oil Company, First National Oil, Inc., Cabot Oil & 
Gas Corp., Lee Banks d/b/a Banks Oil Company, Robert Greenberg, BJW 
Irrevocable Trust No. 1, W.B. Osborn III, CLX Energy Inc., Reserve 
Pipeline, Inc., Ethel Huffman McKee, et al., Beren Corporation, 
Central Illinois Public Service Co., ProLiance Energy, Inc., Indiana 
Office of Utility Consumer Counsel, SEMCO Energy Gas Company, 
Northern Indiana Public Service Company, Northern Indiana Fuel & 
Light Company, Kokomo Gas and Fuel Company, Michigan Gas Storage 
Company, MCN Energy, East Ohio Gas Company, Kansas Gas Service 
Company, and the Kansas Corporation Commission.
    \2\ Public Service Co. of Colorado, et al. 80 FERC para. 61,264 
(1997), reh'g denied, 82 FERC para. 61,058 (1998). Appeal pending. 
Anadarko Petroleum Corporation v. FERC, Case No. 98-1227 et al.
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    Participation in the Settlement by the first sellers listed on the 
exhibits to the Settlement is voluntary. Likewise, customers of 
Panhandle, state regulatory commissions and related entities may elect 
to opt-out of the settlement. If a state regulatory commission opts out 
of the settlement, certain Settlement Amounts related to local 
distribution companies subject to that commission's jurisdiction will 
be adjusted in accordance with the terms of the settlement.
    Any First Seller with a maximum refund obligation of less than 
$50,000 as of January 31, 2001 will be exempt from any obligation to 
pay that amount. Large First Sellers (i.e., those with a refund 
obligation in excess of $400.000) will receive a credit of 25% of their 
refund obligation. Small First Sellers with a refund obligation between 
$300,000 and $400.000 will receive a $100,000 credit while Small First 
Sellers with a refund obligation between $50,00 and $300.000 will 
receive a $50,000 credit and pay 80% of the remaining amount.
    In accordance with Section 385.602(f), initial comments are due by 
July 12, 2001, and any reply comments are due by July 23, 2001.

David P. Boergers,
Secretary.
[FR Doc. 01-17066 Filed 7-6-01; 8:45 am]
BILLING CODE 6717-01-M