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FERC chairman: commission will review oil pipeline index and addresses formula‑rate oversight and pipeline certificate timing
Summary
Reporters pressed the chairman on the timing of a gas pipeline certificate policy statement and on whether FERC will issue a proposed rule for the five‑year oil pipeline index; the chairman declined to give exact timings but said the commission speaks through its orders and is committed to act before the current index expires.
Maya Weber (Platts) asked why FERC acted quickly on the gas pipeline certificate policy statement—about three days after a DOE request—and whether that speed suggested community impacts were being downplayed. The chairman responded by pointing reporters to the commission's orders and saying, "The commission speaks through its orders," adding that the commission has been adjudicating filings and hearing from all stakeholders.
George Weicamp (Platts) asked whether FERC intends to issue a new proposed rule for the five‑year review of the oil pipeline index rate listed on FERC's unified agenda. The chairman said he could not give exact timing on a pending item but that he was "committed to act before the current index expires" and that staff are working on it.
Ethan Howland (Utility Dive) asked about the ISO New England formula‑rate challenge by the Maine Ratepayer Office and concerns about a regulatory gap for formula‑rate projects that can enter rates with limited review. The chairman declined to comment on order details but said staff could discuss the details on background and noted Commissioner Chang issued a separate statement covering her thinking.
What's next: the chairman reiterated that orders are the public record of the commission's decisions and that staff can provide background; he did not provide firm timetables for the oil pipeline index or for specific order details.
