[Federal Register Volume 59, Number 173 (Thursday, September 8, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-22098]
[[Page Unknown]]
[Federal Register: September 8, 1994]
-----------------------------------------------------------------------
DEPARTMENT OF ENERGY
[Docket No. RM93-11-000]
Producer Price Index for Finished Goods; Annual Change
Issued September 1, 1994.
AGENCY: Federal Energy Regulatory Commission.
ACTION: Notice of Annual Change in the Producer Price Index for
Finished Goods, Minus One Percent.
-----------------------------------------------------------------------
SUMMARY: The Commission is issuing the index that oil pipelines must
apply to their December 31, 1994 rates to compute their rate ceiling
level for the period January 1, 1995, through June 30, 1995, in
accordance with the provisions of 18 CFR 342.3(d)(4). This index, which
is the percent change in the annual average Producer Price Index for
Finished Goods from 1992 to 2993, minus one percent, is 0.2175 percent.
FOR FURTHER INFORMATION CONTACT:
Lucille M. Langlois, Office of Economic Policy, Federal Energy
Regulatory Commission, 825 North Capitol Street, NE., Washington, DC
20426, (202) 208-2141.
SUPPLEMENTARY INFORMATION: In addition to publishing the full text of
this document in the Federal Register, the Commission also provides all
interested persons an opportunity to inspect or copy the contents of
this document during normal business hours in Room 3104, 941 North
Capitol Street, NE., Washington, DC 20426.
The Commission Issuance Posting System (CIPS), an electronic
bulletin board service, provides access to the texts of formal
documents issued by the Commission. CIPS is available at no charge to
the user and may be accessed using a personal computer with a modem by
dialing (202) 208-1397. To access CIPS, set your communications
software to use 300, 1200, or 2400 bps, full duplex, no parity, 8 data
bits an 1 stop bit. CIPS can also be accessed at 9600 bps by dialing
(202) 208-1781. The full text of this proposed rule will be available
on CIPS for 30 days from the date of issuance. The complete text on
diskette in Wordperfect format may also be purchased from the
Commission's copy contractor, La Dorn Systems Corporation, also located
in Room 3104, 941 North Capitol Street, NE., Washington, DC 20426.
In Order No. 561 the Federal Energy Regulatory Commission issued a
Final Rule adopting regulations to implement the requirements of the
Energy Policy Act of 1992.\1\ The Final Rule provided a methodology for
oil pipelines to change their rates through use of an index system to
establish ceiling levels for such rates. The index system as set forth
in the Commission's regulations at 18 CFR 342.3, is based on the annual
change in the Producer Price Index for Finished Goods (PPI-FG), minus
one percent. The regulations provide that each year the Commission will
publish an index reflecting the final change in the PPI-FG, minus one
percent, after the final PPI-FG is made available in May of each
calender year. For the first adjustment under the indexing methodology,
commencing January 1, 1995, the Commission in May 1994 was to have
published the index that pipelines would apply to their rates on
December 31, 1994.
---------------------------------------------------------------------------
\1\III FERC Stats. & Regs. 30.985 (1993); 58 FR 58753
(November 4, 1993).
---------------------------------------------------------------------------
The Commission did not publish this index in May. At that time
requests for rehearing of Order No. 561 were pending. Now that the
Commission has issued Order No. 561-A affirming the indexing
methodology for oil pipeline ratemaking,\2\ the Commission by this
Notice is publishing that index.
---------------------------------------------------------------------------
\2\III FERC Stats. & Regs. 31.000 (1994).
---------------------------------------------------------------------------
Information published by the Bureau of Labor Statistics shows that
the annual average PPI-FG figure for 1992 was 123.2 and that the annual
average PPI-FG figure for 1993 was 124.7 for 1993.\3\ Thus, the percent
change in the annual average PPI-FG for these two years, minus one
percent, is 0.2175 percent. This figure is the index that oil pipelines
must apply to their December 31, 1994 rates to compute their rate
ceiling level for the period January 1, 1995, through June 30, 1995, in
accordance with the provisions of 18 CFR 342.3(d)(4).
---------------------------------------------------------------------------
\3\The final figure for the annual average PPI-FG is published
by the Bureau of Labor Statistics in mid-May of each year. This
figure is publicly available from the Division of Industrial Prices
and Price Indexes of the Bureau of Labor Statistics, at (202) 606-
7705, and is available in print in August in Table 1 of the annual
data supplement to the BLS publication Producer Price Indexes.
---------------------------------------------------------------------------
Lois D. Cashell,
Secretary.
[FR Doc. 94-22098 Filed 9-7-94; 8:45 am]
BILLING CODE 6717-01-M
