I
109th CONGRESS
1st Session
H. R. 2038
IN THE HOUSE OF REPRESENTATIVES
April 28, 2005
Mr. Young of Alaska introduced the following bill; which was referred to the Committee on Energy and Commerce
A BILL
To prevent the retroactive application of changes to Trans-Alaska Pipeline Quality Bank valuation methodologies.
Definitions
In this Act:
Commission
The term Commission means the Federal Energy Regulatory Commission.
TAPS quality bank valuation methodologies
The term TAPS quality bank valuation methodologies means valuation methodologies applied for the purpose of establishing monetary adjustments paid by or to shippers of oil on the Trans-Alaska Pipeline (as authorized by the Trans-Alaska Pipeline Authorization Act (43 U.S.C. 1651 et seq.) through the operation of a quality bank to compensate for differentials in the value of shippers’ oil commingled in the pipeline.
Federal Energy Regulatory Commission review of Trans-Alaska Pipeline carrier tariffs
Pursuant to the ratemaking authority of the Commission under section 60501 of title 49, United States Code, in carrying out a review of Trans-Alaska Pipeline carrier tariffs, the Commission shall not approve any retroactive application of TAPS quality bank valuation methodologies.
Effective date
This Act applies to orders of the Commission issued after December 31, 2005.