[Federal Register Volume 79, Number 98 (Wednesday, May 21, 2014)]
[Page 29184]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-11717]



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

    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 two point six 
five percent (PPI-FG + 2.65). The Commission determined in an ``Order 
Establishing Index For Oil Price Change Ceiling Levels'' issued 
December 16, 2010, that PPI-FG + 2.65 is the appropriate oil pricing 
index factor for pipelines to use for the five-year period commencing 
July 1, 2011.\1\

    \1\ 133 FERC ] 61,228 at P 1 (2010).

    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 194.2 for 
2012 and 196.6 for 2013.\2\ Thus, the percent change (expressed as a 
decimal) in the annual average PPI-FG from 2012 to 2013, plus 2.65 
percent, is positive 0.038858.\3\ Oil pipelines must multiply their 
July 1, 2013, through June 30, 2014, index ceiling levels by positive 
1.038858 \4\ to compute their index ceiling levels for July 1, 2014, 
through June 30, 2015, 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).

    \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/home.htm. To obtain the BLS data, 
scroll down to ``PPI Databases'' and click on ``Top Picks'' of the 
Commodity Data including ``headline'' FD-ID indexes (Producer Price 
Index--PPI). At the next screen, under the heading ``Producer Price 
Index Commodity Data,'' select the box, ``Finished goods--
WPUSOP3000,'' then scroll to the bottom of this screen and click on 
Retrieve data.
    \3\ [196.6-194.2]/194.2 = 0.012358 + 0.0265 = 0.038858
    \4\ 1 + 0.038858 = 1.038858
    \5\ For a listing of all prior multipliers issued by the 
Commission, see the Commission's Web site,  http://www.ferc.gov/industries/oil/gen-info/pipeline-index.asp.

    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 5:00 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 (email 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].

    Dated: May 14, 2014.
Kimberly D. Bose,
[FR Doc. 2014-11717 Filed 5-20-14; 8:45 am]