FR 2024-31472

The document is a formal notice published by the Federal Energy Regulatory Commission (FERC) regarding various filings related to natural gas pipeline rates and potential refunds. It outlines submissions from several entities concerning rate adjustments and procedural requests. This notice serves critical administrative and regulatory purposes by informing relevant stakeholders of activities affecting natural gas pipeline operations and their potential financial implications.

General Summary

The FERC has received and cataloged several filings. Notably, Phillips 66 Pipeline LLC is seeking approval to use a specific accounting method, which likely pertains to adjustments of financial data from previous periods. Meanwhile, Trailblazer Pipeline Company LLC has submitted a filing related to a negotiated rate agreement effective from late 2024, and Honeoye Storage Corporation, along with other entities, has filed for a limited regulatory waiver. The public and interested parties are invited to comment by the specified deadlines. The document also provides resources for accessing additional information and guidance on the involvement processes through the Commission's systems.

Significant Issues and Concerns

Several elements of the document may pose challenges for readers. The document employs technical jargon and references specific accounts and regulations, such as "Account 705, Prior Period Adjustments to Beginning Retained Income," without providing definitions or context. This language could be puzzling for those unfamiliar with accounting and regulatory terms.

The mention of multiple applicants in one of the docket filings, without an explanation of their collective roles, may cause confusion. It suggests complexity in the nature of these filings that might not be apparent to the general public. The document also refers to particular rules governing legal actions and filings but does not expound on these regulations, potentially leaving some readers without a solid understanding of what these entail.

Broad Public Impact

At a general level, the document indicates ongoing regulatory oversight over natural gas pipelines, which is vital for maintaining market stability and ensuring fair practices. For the broader public, this regulatory activity implies thoughtful supervision that can influence energy prices and availability, affecting industries and consumers alike. The different deadlines for public comment suggest an opportunity for interested parties to engage in the regulatory process, enhancing transparency and public participation.

Impact on Specific Stakeholders

For specific stakeholders, such as energy firms, this notice may signal significant alterations in regulatory compliance and financial accounting standards. The ability to utilize different accounting methods or gain waivers for certain regulatory requirements could benefit companies by providing flexibility and possibly reducing administrative burdens.

On the other hand, consumer advocacy groups, environmental organizations, and local communities—particularly those near pipeline infrastructure—might view these filings as critical opportunities to reflect their interests and concerns. This process can potentially affect rate structures, environmental considerations, and local economic impacts related to natural gas pipeline operations.

In summary, while the document serves necessary regulatory functions and provides channels for public engagement, its complexity and technical nature may hinder accessibility for some readers. More detailed clarifications and simplified explanations could enhance the utility and understanding of such regulatory notices for a broader audience.