[Federal Register Volume 60, Number 147 (Tuesday, August 1, 1995)]
[Notices]
[Pages 39159-39160]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-18781]
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DEPARTMENT OF ENERGY
[Docket No. OR95-7-000]
Longhorn Partners Pipeline; Notice of Petition for Declaratory
Order
July 26, 1995.
Take notice that on June 30, 1995, AXIS Gas Corporation (AXIS),
pursuant to Rule 207(a)(2) of the Commission's Rules of Practice and
Procedure, 18 CFR 387.207(a)(2), filed a request for a declaratory
order.
AXIS states that Longhorn Partnerships Pipeline (LPP), a
partnership being formed by Axis, intends to convert certain crude oil
pipeline facilities, which in conjunction with new pipeline facilities
to be constructed, will provide common carrier transportation service
for refined petroleum products from the Gulf Coast to El Paso, Texas--
and through connecting pipelines into Arizona and New Mexico. The
existing pipeline facilities proposed to be converted to this new
pipeline are currently owned and operated by Exxon Pipeline Company
(EPC). EPC currently moves crude oil on these facilities from West
Texas (Crane, TX) to the Houston, Texas (Baytown, TX) area.
AXIS and its financial partner signed a letter of intent to
purchase the pipeline facilities owned by EPC on June 9, 1995. That
letter provides that a binding purchase and sale agreement must be
entered into by a certain date. In the event that, before such date,
the Commission has not declared that LPP will be allowed to include the
full purchase price paid for these facilities in its cost-of-service
calculations, AXIS will be unable to go forward with the contemplated
project and the terms of the proposed agreement will expire.
Notwithstanding that AXIS and its financial partner would continue to
believe that the project would be commercially viable (apart from
regulatory considerations), and notwithstanding the material benefits
that the project would confer on shippers and consumers of petroleum
products in the Southwest, AXIS and its financial partner would be
unwilling to assume the regulatory risk that LPP would not be allowed
to recover the purchase price paid to EPC. Accordingly, AXIS requests
that this matter be handled on an expedited basis.
Any person desiring to be heard or to protest said filing should
file a motion to intervene or protest with the Federal Energy
Regulatory Commission, 825 North Capitol Street, NE., Washington, DC
20426, in accordance with 18 CFR 385.214 and 385.211 of the
Commission's Rules an Regulations. All
[[Page 39160]]
such motions or protests should be filed on or before August 15, 1995.
Protests will be considered by the Commission in determining the
appropriate action to be taken, but will not serve to make protestants
parties to the proceeding. Any person wishing to become a party must
file a motion to intervene. Copies of this filing are on file with the
Commission and are available for public inspection in the public
reference room.
Lois D. Cashell,
Secretary.
[FR Doc. 95-18781 Filed 7-31-95; 8:45 am]
BILLING CODE 6717-01-M
