Exhibit EMT-76 in Trans Alaska Pipeline System's et al proceeding under OR89-2 et al: Prepared Answering Testimony of David I Toof on Issues 1 through 5 and Direct Testimony on Issued 6 through 9 etc.

Jnofflclal FERC-Generated PDF of 20040907-0527 Received by FERC OSEC 04/25/2003 in Docket#: OR89-2-017 I Exhibit EMT-76 Page 1 of 44 pages UNITED STATES OF AMERICA BEFORE THE FEDERAL ENERGY REGULATORY COMMISSION Trans Alaska Pipeline System, et aL ) Docket Nes. OR89-2-000, et al. THE STATE OF ALASKA BEFORE THE REGULATORY COMMISSION OF ALASKA Tram Alaska Pipeline System Quality Bank Proceedings Docket Nos. P-89-2,a...._LL et qls Consolidated PREPARED ANSWERING TESTIMONY OF DAVID !. TOOF ON ISSUES 1 THROUGH $ AND DIRECT TESTIMONY ON ISSLqES 6 THROUGH 9 m m ~ ~ m , ~ f ~ J . . ~ .'~.~..:.. . . . . . . . ..... . l~sbmg...~ ;.~.~..~ .... .. Jnofflclal FERC-Generated PDF of 20040907-0527 Received by FERC OSEC 04/25/2003 in D o c k e t # : O R 8 9 - 2 - 0 1 7 g Exhibit EMT-76 Page 2 of 44 pages air TABL E OF CONTENTS I. BACKGROUND OF TH E E X P E R T WITNESS ................................ .3 II. O V E R V I E W ........................................................... --.3 IH. C O M P A R I S O N OF TH E P ROPO SE D M E T H O D O L O G I E S . . . . . . . . . . . . . . . . . 6 t IV. D I F F E R E N C E S IN TH E VALUATION OF W E S T COAST NAPHTHA . . . . . . . . . . 8 A. Mr. C ul be r s on' s Testimony ........................................... 10 g B. Mr. Sanderson's Testimony .............................................. 12 ~C. Mr. O ' B r i e n ' s Testimony ............................................ 14 D. Mr. Ross' Testimony .................................................. 16 V. D I F F E R E N C E S IN T H E VALUATION OF W E S T CO A ST HEAVY DISTI LLA TE ......................................................... .21 A. Sulfur Processing A d j u s t m e n t ........................................... ..22 B. Logistics Cost A d j u s t m e n t ........................................ ....23 VI. D I F F E R E N C E S IN T H E VALUATION OF W E S T CO A ST VGO . . . . . . . . . . . . . . . . . .25 VII. D I F F E R E N C E S IN TH E VALUATION OF RESID . . . . . . . . . . . . . . . . . . . .26 A. Before-Cost Valuation Issues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _27 B. C oke r Costs ........................................................ .30 C. Use of Two-Variable Regression F o r m u l a ............................... .35 D. Retroactive Application of the Corrected Valuation . . . . . . . . . . . . . . . . . . . . . . . ..36 g VIII. USE OF TH E D I S T I L L A T I O N M E T H O D O L O G Y AT T H E R E F I N E R I E ...

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