[Federal Register Volume 61, Number 43 (Monday, March 4, 1996)]
[Rules and Regulations]
[Page 8213]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-4925]
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DEPARTMENT OF ENERGY
Federal Energy Regulatory Commission
18 CFR Part 157
[Docket No. RM81-19-000]
Project Cost and Annual Limits
Issued: February 27, 1996.
AGENCY: Federal Energy Regulatory Commission, DOE.
ACTION: Final rule.
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SUMMARY: Pursuant to the authority delegated by 18 CFR 375.307(e)(1),
the Director of the Office of Pipeline Regulation computes and
publishes the project cost and annual limits specified in Table I of
Sec. 157.208(d) and Table II of Sec. 157.215(a) for each calendar year.
EFFECTIVE DATE: January 1, 1996.
FOR FURTHER INFORMATION CONTACT:
Michael J. McGehee, Division of Pipeline Certificates, OPR, (202) 208-
2257.
SUPPLEMENTARY INFORMATION:
Order of the Director, OPR
Section 157.208(d) of the Commission's Regulations provides for
project cost limits applicable to construction, acquisition, operation
and miscellaneous rearrangement of facilities (Table I) authorized
under the blanket certificate procedure (Order No. 234, 19 FERC para.
61,216). Section 157.215(a) specifies the calendar year dollar limit
which may be expended on underground storage testing and development
(Table II) authorized under the blanket certificate. Section 157.208(d)
requires that the ``limits specified in Tables I and II shall be
adjusted each calendar year to reflect the `GNP implicit price
deflator' published by the Department of Commerce for the previous
calendar year.''
Pursuant to Sec. 375.307(e)(1) of the Commission's Regulations, the
authority for the publication of such cost limits, as adjusted for
inflation, is delegated to the Director of the Office of Pipeline
Regulation. The cost limits for calendar years 1982 through 1996, as
published in Table I of Sec. 157.208(d) and Table II of
Sec. 157.215(a), are hereby issued.
Note that these inflation adjustments are based on the Gross
Domestic Product (GDP) Implicit Price Deflator, and include the
Commerce Department's estimated fourth quarter GDP Implicit Price
Deflator rather than the annual GDP Implicit Price Deflator or Gross
National Product (GNP) Implicit Price Deflator, which are not yet
available for 1995. The Commerce Department advises that in recent
years the annual change has been virtually the same for both indices.
Further adjustments will be made, if necessary.
List of Subjects in 18 CFR Part 157
Natural Gas.
Kevin P. Madden,
Director, Office of Pipeline Regulation.
Accordingly, 18 CFR Part 157 is amended as follows:
PART 157--[AMENDED]
1. The authority citation for Part 157 continues to read as
follows:
Authority: 15 U.S.C. 717-717w, 3301-3432; 42 U.S.C. 7101-7352.
Sec. 157.208 [Amended]
2. Table I in Sec. 157.208(d) is revised to read as follows:
Table I
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Limit
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Prior notice
Year Auto. proj. pro. cost
cost limit limit (col.
(col. 1) 2)
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1982........................................ $4,200,000 $12,000,000
1983........................................ 4,500,000 12,800,000
1984........................................ 4,700,000 13,300,000
1985........................................ 4,900,000 13,800,000
1986........................................ 5,100,000 14,300,000
1987........................................ 5,200,000 14,700,000
1988........................................ 5,400,000 15,100,000
1989........................................ 5,600,000 15,600,000
1990........................................ 5,800,000 16,000,000
1991........................................ 6,000,000 16,700,000
1992........................................ 6,200,000 17,300,000
1993........................................ 6,400,000 17,700,000
1994........................................ 6,600,000 18,100,000
1995........................................ 6,700,000 18,400,000
1996........................................ 6,900,000 18,800,000
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Sec. 157.215 [Amended]
3. Table II in Sec. 157.215(a) is revised to read as follows:
Table II
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Year Limit
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1982...................................................... $2,700,000
1983...................................................... 2,900,000
1984...................................................... 3,000,000
1985...................................................... 3,100,000
1986...................................................... 3,200,000
1987...................................................... 3,300,000
1988...................................................... 3,400,000
1989...................................................... 3,500,000
1990...................................................... 3,600,000
1991...................................................... 3,800,000
1992...................................................... 3,900,000
1993...................................................... 4,000,000
1994...................................................... 4,100,000
1995...................................................... 4,200,000
1996...................................................... 4,300,000
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[FR Doc. 96-4925 Filed 3-1-96; 8:45 am]
BILLING CODE 6717-01-M
