[Federal Register Volume 67, Number 31 (Thursday, February 14, 2002)]
[Notices]
[Page 6914]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-3646]


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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

[Docket No. RP98-53-024]


Kinder Morgan Interstate Gas Transmission L.L.C., et al.; Notice 
of Offer of Settlement

February 8, 2002.
    Take notice that on January 24, 2002, Kinder Morgan Interstate Gas 
Transmission L.L.C. (KMIGT), on behalf of itself and Signatory 
Parties,\1\ filed an Offer of Settlement (Settlement) under Rule 602 of 
the Commission's Rules of Practice and Procedure in the captioned 
docket. The Settlement is designed to: (1) Extinguish the liability of 
all working interest owners whose aggregate total liability (principle 
and interest) as of September 30, 2001 is $80,000 or less; (2) 
establish the liabilities of the remaining 30 working interest owners, 
and then reduce such liabilities by the greater of $80,000 or 25%; and 
(3) extinguish the liability of royalty owners to working interest 
owners participating in the settlement for refunds of ad valorem taxes, 
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 KMIGT, Signatory Parties include Amoco Production 
Company, Anadarko Petroleum Corporation, George A. Angle d/b/a 
Frontier Oil Company, Atlantic Richfield Company, Benson Mineral 
Group, Inc., Beren Corporation and associated working interests, 
Chevron U.S.A. Inc., Dominion Oklahoma Texas Exploration and 
Production, Inc., Eastman Dillon Oil & Gas Associates, Ensign 
Operating Company, Finney-Kearney County Gas Venture, Russell 
Freeman, Graham-Michaelis Corporation, Griggs Oil Inc., Hallador 
Petroleum Company, Helmerich & Payne Inc., Hummon Corporation, IBEX 
Partnership, Ltd., IMC Global, Inc., Kaiser-Francis Oil Company, The 
Kansas Corporation Commission, Kansas Natural Gas, Inc., Kansas 
Petroleum, Inc., Kinder Morgan, Inc., D. R. Lauck Oil Company, John 
P. Lockridge, John P. Lockridge Operator, Inc. and related working 
interests, Midwest Energy, Inc., Mobil Oil Corporation, Mountain 
Petroleum Corporation, Northwestern Public Service, a Division of 
NorthWestern Corporation, OXY USA Inc., Pickrell Drilling Company, 
Inc., Pioneer Natural Resources USA, Inc., Public Service Company of 
Colorado, Reliant Energy Minnegasco, a Division of Reliant Energy 
Resources Corporation, RME Petroleum Corporation, Wanda Smith, Texas 
Exploration and Production Inc., UtiliCorp United, Inc., Westgate 
Greenland, L.P., and Williams Production RMT Company.
    \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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    The Settlement is structured as an agreement among all working 
interest owners, regardless of their status as a Signatory Party. The 
Settlement provides the opportunity for every working interest owner to 
affirmatively opt-out of the settlement, with KMIGT and other parties, 
including the Commission, retaining the right to pursue any claims 
against those working interest owners which elect not to accept the 
terms of the settlement, or to defend against any claims by such 
working interest owners with respect to Kansas ad valorem taxes.
    In accordance with section 385.602(f), initial comments are due by 
February 13, 2002, and any reply comments are due by February 25, 2002.

Magalie R. Salas,
Secretary.
[FR Doc. 02-3646 Filed 2-13-02; 8:45 am]
BILLING CODE 6717-01-P