Notice of inquiry re the Five-Year Review of Oil Pipeline Pricing Index under RM05-22.

# 112 FERC * 61,037 UNITED STATES OF AMERICA FEDERAL ENERGY REGULATORY COMMISSION 18 CFR Part 342 [Docket No. RM05-22-000] Five-Year Review of Oil Pipeline Pricing Index (July 6, 2005) AGENCY: Federal Energy Regulatory Commission. ACTION: Notice of Inquiry. SUMMARY: The Federal Energy Regulatory Commission (Commission) invites comments on its five-year review of the oil pipeline pricing index, established in Order No. 561, Revisions to Oil Pipeline Regulations Pursuant to the Energy Policy Act of 1992, FERC Stats. & Regs. [Regs. Preambles, 1991-1996] * 30,985 (1993). Specifically, the Commission proposes to use the Producer Price Index for Finished Goods (PPI) as the index for oil pipeline rate changes in the next five-year period, commencing July 1, 2006. Commentors are invited to submit and justify alternatives to the continued use of the PPI. DATES: Written comments on this Notice of Inquiry are due on [Insert date 60 days after publication in the FEDERAL REGISTER]. Reply comments must be received by the Commission 30 days after the filing date for initial comments. ADDRESSES: Comments may be filed electronically via the eFiling link on the Commissions web site at http://www.ferc.gov. Commentors unable to file comments electronically must send an original and 14 copies of their comments to: Federal Energy Regulatory Commission, Office of the Secretary, 888 First Street N.E., Washington, DC, 20426. Refer to the Comment Procedures section of the NOI for additional information on how to file comments. FOR FURTHER INFORMATION CONTACT: Harris S. Wood Office of the General Counsel Federal Energy Regulatory Commission 888 First Street, NE Washington, DC 20426. (202) 208-8224 SUPPLEMENTARY INFORMATION: # 111 FERC * 61,037 UNITED STATES OF AMERICA FEDERAL ENERGY REGULATORY COMMISSION Five-Year Review of Oil Pipeline Pricing Index Docket No. RM05- 22-000 NOTICE OF INQUIRY (July 6, 2005) 1. In this notice of inquiry (NOI), the Commission invites comments on its intended utilization of the Producer Price Index for Finished Goods (PPI)[1] for oil pipeline rate changes during the next five years.[2] This index was adopted by the Commission in its order of February 23, 2003, "Five-Year Review of Oil Pricing Index and Order on Remand," and affirmed by the U.S. Court of Appeals for the District of Columbia Circuit.[3] The Commission proposes to continue to apply PPI to oil pipelines rate ceiling levels to derive the next years ceiling levels effective July 1, 2006.[4] I. Background 2. In Order No. 561, the Commission established an index methodology to regulate changes to oil pipeline rates, and adopted an index of PPI minus one percent (PPI-1) as the most appropriate index to track oil pipeline ...