[Federal Register Volume 72, Number 121 (Monday, June 25, 2007)]
[Notices]
[Pages 34678-34679]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-12192]


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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

[Docket No. RM93-11-000]


Revisions to Oil Pipeline Regulations Pursuant to the Energy 
Policy Act of 1992; Notice of Annual Change in the Producer Price Index 
for Finished Goods

May 16, 2007.
    The Commission's regulations include a methodology for oil 
pipelines to change their rates through use of an index system that 
establishes ceiling levels for such rates. The Commission bases the 
index system, found at 18 CFR 342.3, on the annual change in the 
Producer Price Index for Finished Goods (PPI-FG), plus one point three 
percent (PPI+1.3). The Commission determined in an ``Order Establishing 
Index For Oil Price Change Ceiling Levels'' issued March 21, 2006, that 
PPI+1.3 is the appropriate oil pricing index factor for pipelines to 
use.\1\
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    \1\ 114 FERC ] 61,293 at P 2 (2006).
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    The regulations provide that the Commission will publish annually, 
an index figure reflecting the final change in the PPI-FG, after the 
Bureau of Labor Statistics publishes the final PPI-FG in May of each 
calendar year. The annual average PPI-FG index figures were 155.7 for 
2005 and 160.4 for 2006.\2\

[[Page 34679]]

Thus, the percent change (expressed as a decimal) in the annual average 
PPI-FG from 2006 to 2007, plus 1.3 percent, is positive .043186.\3\ Oil 
pipelines must multiply their July 1, 2006, through June 30, 2007, 
index ceiling levels by positive 1.043186 \4\ to compute their index 
ceiling levels for July 1, 2007, through June 30, 2008, in accordance 
with 18 CFR 342.3(d). For guidance in calculating the ceiling levels 
for each 12 month period beginning January 1, l995,\5\ see Explorer 
Pipeline Company, 71 FERC 61,416 at n.6 (1995).
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    \2\ Bureau of Labor Statistics (BLS) publishes the final figure 
in mid-May of each year. This figure is publicly available from the 
Division of Industrial Prices and Price Indexes of the BLS, at (202) 
691-7705, and in print in August in Table 1 of the annual data 
supplement to the BLS publication Producer Price Indexes via the 
Internet at http://www.bls.gov/ppi]. To obtain the BLS data, click 
on ``Get Detailed PPI Statistics,'' and then under the heading 
``Most Requested Statistics'' click on ``Commodity Data.'' At the 
next screen, under the heading ``Producer Price Index--Commodity,'' 
select the first box, ``Finished goods--WPUSOP3000'', then scroll 
all the way to the bottom of this screen and click on Retrieve data.
    \3\ [160.4-155.7] / 155.7 = 0.030186 + .013 = 0.043186.
    \4\ 1 + 0.043186 = 1.043186.
    \5\ For a listing of all prior multipliers issued by the 
Commission, see the Commission's website, http://www.ferc.gov. The 
table of multipliers can be found under the headings ``Oil'' and 
``Index''.
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    In addition to publishing the full text of this Notice in the 
Federal Register, the Commission provides all interested persons an 
opportunity to view and/or print this Notice via the Internet through 
FERC's Home Page (http://www.ferc.gov) and in FERC's Public Reference 
Room during normal business hours (8:30 a.m. to 5 p.m. Eastern time) at 
888 First Street, NE., Room 2A, Washington, DC 20426. The full text of 
this Notice is available on FERC's Home Page at the eLibrary link. To 
access this document in eLibrary, type the docket number excluding the 
last three digits of this document in the docket number field and 
follow other directions on the search page.
    User assistance is available for eLibrary and other aspects of 
FERC's Web site during normal business hours. For assistance, please 
contact the Commission's Online Support at 1-866-208-3676 (toll free) 
or 202-502-6652 (e-mail at [email protected]), or the Public 
Reference Room at (202) 502-8371, TTY (202) 502-8659. E-mail the Public 
Reference Room at [email protected].

Kimberly D. Bose,
Secretary.
[FR Doc. E7-12192 Filed 6-22-07; 8:45 am]
BILLING CODE 6717-01-P