Section 3 AAC 48.274 - Pipeline carrier initial rate filings(a) Each filing with the commission of an initial pipeline tariff rate for a newly constructed pipeline or a pipeline not previously regulated under AS 42.06 must include (1) a statement of assets, liabilities, and other credits as of the beginning of the calendar or fiscal year following the projected commencement of regulated pipeline operation;(2) a statement of annual income and operating expenses as of the beginning of the calendar or fiscal year following the projected commencement of regulated pipeline operation;(3) a statement of the pipeline carrier's equity position to include capital stock, retained earnings, owner's equity, or fund balances for the beginning of the calendar or fiscal year following the projected commencement of regulated pipeline operation;(4) a schedule showing the calculation of the initial rates;(5) a schedule showing the computations of the revenue requirement for the calendar or fiscal year following the projected commencement of regulated pipeline operation;(6) a schedule showing estimated operating revenues and expenses for the calendar or fiscal year following the projected commencement of regulated pipeline operation;(7) a schedule showing the computation of the pro forma provision for income taxes for the calendar or fiscal year following the projected commencement of regulated pipeline operation;(8) a schedule showing the computation of rate base using the initial balances of all rate base components;(9) a summary of (A) pipeline plant and depreciation for the first calendar or fiscal year following the projected commencement of regulated pipeline operation, showing plant in service;(B) depreciation expense for each plant account;(C) the depreciation method;(E) net salvage value used for computing depreciation expense and the beginning-of-year balance of each plant account and the related account for accumulated depreciation;(10) a schedule showing the pro forma cash working capital requirement based on the projected test-year;(11) a schedule showing the computation of weighted cost of capital, separately delineating (A) the percentage amount and embedded cost of debt;(B) the percentage amount and rate of return on equity; and(C) the resultant returns on the rate base computed in (8) of this subsection;(12) a schedule showing all liabilities of long-term debt at the beginning of the calendar or fiscal year following the projected commencement of regulated pipeline operation, including (A) a description of each obligation;(B) the nominal date of issue;(C) the date of maturity;(D) the authorized face amount; and(E) a computation of embedded cost of debt used in (11) of this subsection; and(13) prefiled direct testimony complying with 3 AAC 48.153 that supports the information filed with the application, and a list of the witnesses filing testimony.(b) A pipeline carrier seeking to collect funds to dismantle or remove pipeline facilities or restore rights-of-way in rates filed in accordance with (a) of this section must provide(1) a copy of all documents imposing an obligation to dismantle or remove pipeline facilities or restore rights-of-way;(2) a detailed study supporting estimated costs to dismantle and remove the pipeline facilities and restore rights-of-way, and the work papers supporting the study;(3) a schedule of cumulative projected fund balance by year, including projected collections, expenditures, earnings, and any effect of income taxes on the fund's projected earnings;(4) an explanation of proposed fund management; and prefiled direct testimony complying with 3 AAC 48.153 that supports information filed under this subsection, and a list of the witnesses filing testimony.(c) If a pipeline carrier files a new rate for transportation on a pipeline not previously regulated under AS 42.06, the commission may require, in addition to the information required under (a) of this section, information pertaining to the pipeline's historical costs and operations.Eff. 4/24/2009, Register 190Authority:AS 42.06.140
AS 42.06.350
AS 42.06.360
AS 42.06.370
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