A bill to prevent the retroactive application of changes to Trans-Alaska Pipeline Quality Bank valuation methodologies.

Fact Sheet API

Bill Number

S 822

Introduced

Apr 15, 2005

Latest Action

Read twice and referred to the Committee on Energy and Natural Resources.

Sponsor

Cosponsors

Topics

Administrative procedure Alaska Department of Energy Energy Federal Energy Regulatory Commission Finance and Financial Sector Government Operations and Politics Independent regulatory commissions Law Petroleum pipelines Transportation and Public Works Transportation rates Valuation

Full Text

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Votes

Summary

Prohibits the Federal Energy Regulatory Commission from approving any retroactive application of TAPS quality bank valuation methodologies when it reviews Trans-Alaska Pipeline carrier tariffs.

Defines such methodologies as valuation methodologies applied for the purpose of establishing monetary adjustments paid by or to shippers of oil on the Trans-Alaska Pipeline through the operation of a quality bank to compensate for differentials in the value of shippers' oil commingled in the pipeline.

Actions

Apr 15, 2005

Read twice and referred to the Committee on Energy and Natural Resources.
Apr 15, 2005

Sponsor introductory remarks on measure. (CR S3751-3752)
Apr 15, 2005

Introduced in Senate

Amendments

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