Prohibits the Federal Energy Regulatory Commission from approving any retroactive application of TAPS quality bank valuation methodologies when it reviews Trans-Alaska Pipeline carrier tariffs.
Defines such methodologies as valuation methodologies applied for the purpose of establishing monetary adjustments paid by or to shippers of oil on the Trans-Alaska Pipeline through the operation of a quality bank to compensate for differentials in the value of shippers' oil commingled in the pipeline.
Referred to the Subcommittee on Energy and Air Quality.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S3751-3752)
Read twice and referred to the Committee on Energy and Natural Resources.
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