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FERC RIN: 1902-AD42 Publication ID: Fall 2008 
Title: Composition of Proxy Groups for Determining Gas, and Oil Pipeline Return on Equity 
Abstract: The Commission proposed to modify the current policy regarding the composition of proxy groups used to determine the returns on equity of natural gas and oil pipelines to allow master limited partnerships to be included in the proxy groups. The Commission issued a Policy Statement which the Commission decided to: (1) Permit inclusion of master limited partnerships (MLPs) in the proxy group used to determine pipeline returns on equity; (2) not limit the distributions to be used in the DCF model to the book earnings of the MLPs to be included in the proxy group, (3) continue to rely on the Institutional Brokers Estimated System (IBES) for the short-term component of its DCF model; (4) limit the long-term growth component of the DCF model to fifty percent of long term gross domestic product; and (5) make no modification to the current weighting of two-thirds and one-third of the short-term and long-term growth components, respectively. (Docket No. PL07-2-000). 
Agency: Federal Energy Regulatory Commission(FERC)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
Major: No  Unfunded Mandates: No 
CFR Citation: None     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: 15 USC 717 to 717w    15 USC 3301 to 3432    42 USC 7101 to 7352   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Proposed Policy Statement  07/31/2007  72 FR 41744   
Policy Statement  04/29/2008  73 FR 23222   
Order Dismissing Request for Rehearing or Reconsideration  06/13/2008    
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
John Robinson
Attorney
Federal Energy Regulatory Commission
888 First Street NE.,
Washington, DC 20426
Phone:202 502-6808
Email: john.robinson@ferc.gov