Tuesday,
November 26
November 26
FERC Review of Oil Pipeline Index Level
The Federal Energy Regulatory Commission seeks comments on a proposal to amend the index level used to determine annual changes to oil pipeline rate ceilings. In place of the index level established in December 2020, the commission proposes to use the Producer Price Index for Finished Goods, or PPI-FG, minus 0.21 percent as the prospective index level for the remainder of the five-year period that began July 1, 2021. The move follows a decision by the U.S. Court of Appeals for the D.C. Circuit, which ruled that the commission amended the index without providing notice and opportunity to comment. RM25-2-000