Revisions to Oil Pipeline Regulations Pursuant to Energy Policy Act of 1992

Zusammenfassung

The Federal Energy Regulatory Commission is amending its regulations to revise the requirements for filing suspension supplements of oil pipeline tariffs in order to provide additional time to file suspension supplements; to modify the circumstances under which oil pipelines may use the cost-of-service methodology for changing rates in order to more closely track the standard for shipper protests to an indexed rate; and to modify the requirements for protests to oil pipeline tariff filings in order to require that a protestant file a verified statement to support its claim of a substantial interest in the proceeding. The effect of these actions will be to provide a more accurate, timely, and balanced approach to oil pipeline ratemaking under the Energy Policy Act of 1992 and the Interstate Commerce Act.