Actions for Federal regulation of the pipeline industry [electronic resource] : a summary review. [Effects on use of energy-conservation technology].

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Federal regulation of the pipeline industry [electronic resource] : a summary review. [Effects on use of energy-conservation technology].

Published
Washington, D.C. : United States. Dept. of Energy, 1977.
Oak Ridge, Tenn. : Distributed by the Office of Scientific and Technical Information, U.S. Dept. of Energy.
Physical Description
Pages: 161 : digital, PDF file
Additional Creators
Systems, Science, and Software (Firm), United States. Department of Energy, and United States. Department of Energy. Office of Scientific and Technical Information
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Summary
The principal purposes of this report are: (1) identification of the jurisdiction areas of the Federal pipeline-regulating agencies, and (2) examination of the amenability of the regulatory system to the introduction of energy-conservative new technology into the pipeline industry. The history, scope, and agency structure of state and Federal regulation are recounted and some gaps, overlaps, and ambiguities are identified. The only significant inhibitory effects upon technological innovation are found to derive from the FPC and ICC limits upon profit, the 1941 Justice Department consent decree limiting dividends to shipper-owned pipelines, and the income tax rules governing recovery of investment credits and startup losses. Effects of these limits are explored by simulation studies using the Systems, Science and Software pipeline economic model (PEM). Two new concepts of regulation are proposed which would neutralize the inhibitory effect of the present regulatory system and would motivate pipeline operators to conserve energy: (1) use of a ''national equivalent value'' in the economic tradeoff analyses which justify entry of a technological innovation into the rate base (valuation), and (2) a ''valuation allowance'' which would reverse the presently often-existing situation and insure that the pipeline operator would realize a greater profit from saving energy than from wasting it.
Report Numbers
E 1.99:san-1171-1/6
san-1171-1/6
Subject(s)
Other Subject(s)
Note
Published through SciTech Connect.
05/31/1977.
"san-1171-1/6"
Banks, W. F.
Funding Information
EY-76-C-03-1171
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