Overview
Title
Combined Notice of Filings
Agencies
ELI5 AI
The notice tells people about some companies asking for special permission from a U.S. energy agency. They want to change how they do their money math (accounting) and need approval.
Summary AI
The document details several filings submitted to the Federal Energy Regulatory Commission (FERC). Bridger Pipeline LLC seeks approval for an accounting entry related to its acquisition of Bayou Midstream Bakken, LLC. Valero Energy Corporation is requesting approval for using a specific accounting entry. Additionally, National Grid LNG, LLC, Florida Gas Transmission Company, LLC, and Transwestern Pipeline Company, LLC, have compliance filings related to tariff and administrative regulations. The public can access these documents via FERC's eLibrary system and may participate in the process by submitting comments or seeking intervention by specified deadlines.
Keywords AI
Sources
AnalysisAI
In this Federal Register notice, several important filings have been submitted to the Federal Energy Regulatory Commission (FERC). The key applicants involved in these filings include Bridger Pipeline LLC, Valero Energy Corporation, National Grid LNG, LLC, Florida Gas Transmission Company, LLC, and Transwestern Pipeline Company, LLC. Each of these entities is seeking approval or making compliance filings concerning accounting practices and tariff regulations.
General Summary
The notice primarily discusses two types of activities: 1) approval requests for accounting journal entries by Bridger Pipeline LLC and Valero Energy Corporation, and 2) compliance filings related to tariff and administrative regulations by several energy companies. Bridger Pipeline LLC seeks to formalize an accounting entry linked to its acquisition of Bayou Midstream Bakken, LLC, while Valero Energy Corporation is requesting the use of a specific accounting adjustment. Additionally, several energy companies are updating their compliance protocols to align with the latest regulatory standards.
Significant Issues or Concerns
One of the primary concerns is the lack of detailed explanations about the financial implications of the requested accounting changes. The notice does not specify how these accounting entries might impact financial reporting or stakeholder interests. This omission raises questions about transparency and whether these changes are beneficial and fair to all parties involved.
Furthermore, the document utilizes technical terminology and regulatory citations without providing sufficient context. Terms such as "FERC Account No. 705" and "NAESB WGQ Version 4.0" may not be easily understood by the general public, making it difficult for those without a regulatory background to fully grasp the ramifications of these filings.
Additionally, while the process for public participation is addressed, the complexity of the language and references to regulatory rules may discourage individuals unfamiliar with such procedures from engaging in the process.
Public Impact
The document has implications for the public, particularly those affected by natural gas pipeline rates and refund reports. The notice informs the public about opportunities to intervene, protest, or comment on the filings, highlighting the importance of community involvement in regulatory processes. However, the intricate language and absence of detailed financial analysis could hinder informed public engagement.
Impact on Specific Stakeholders
From a stakeholder perspective, the filings may have varied impacts. For the energy companies involved, obtaining approval for accounting entries can streamline financial processes and ensure regulatory compliance, which might be seen as positive. Conversely, insufficient transparency in these filings could generate concern among stakeholders and consumers who rely on equitable pricing and fair regulatory practices.
In summary, while the document facilitates regulatory compliance and provides a pathway for public participation, it does so in a manner that might be seen as lacking accessibility for all stakeholders. Enhanced clarity and more context around the filings could positively influence both public perception and the effectiveness of the regulatory process.
Issues
• The document does not provide detailed information on the financial implications of the proposed accounting journal entries requested by Bridger Pipeline LLC and Valero Energy Corporation. More information is needed to assess if any spending might be wasteful or overly favorable.
• The notice does not provide specific reasons or justifications for the proposed accounting changes and their potential impact on stakeholders, which might raise concerns about transparency and clarity.
• The document includes multiple technical references and regulatory citations (e.g., FERC Account No. 705, NAESB WGQ Version 4.0) without explaining their significance, which might be difficult for the general public to understand.
• The process for public participation and intervention is mentioned, but the language used (e.g., referencing Rules 211, 214, or 206 of the Commission's Regulations) might be considered overly complex for individuals unfamiliar with regulatory procedures.
• There is a lack of clear information regarding the potential impact of the filings on the public, which might be a concern for those affected by natural gas pipeline rates and refund report filings.