FERC Requests Comments on Five-Year Review of Oil Pipeline Index

FERC issued a notice requesting comments on its proposed five-year review of the index level used to determine annual changes to oil pipeline rate ceilings.

FERC proposed an index level between the Producer Price Index for Finished Goods ("PPI-FG") plus 2.0 percent and PPI-FG plus 2.4 percent for the five-year period commencing on July 1, 2016.

FERC is requesting comments regarding its proposal and any alternative methodologies for calculating the index level.