18 CFR Part 340 — Rate Schedules and Tariffs

PART 340—RATE SCHEDULES AND TARIFFS Authority: Department of Energy Organization Act, 42 U.S.C. 7101-7352; E.O. 12009, 43 CFR 142; Interstate Commerce Act, 49 U.S.C. 1, et seq.; § 340.1 Suspended rate schedules; procedure; refund requirement; administered by the Federal Energy Regulatory Commission. (a) Effectiveness of suspended rate schedules. (b) Recordkeeping. (1) The monthly billing determinants of petroleum or petroleum by-products transported to each consignee under the suspended tariffs; (2) The revenues which would result from such transportation services if they were computed under the rates in effect immediately prior to the date the proposed change became effective, if applicable; (3) The revenues resulting from such transportation services as computed under the proposed increased rates or charges that became effective after the suspension period; and (4) The difference between the revenues computed in paragraphs (b)(2) and (3) of this section, if applicable. (c) Refunds. (2) Interest shall be computed from the date of collection until the date refunds are made as follows: (i) At an average prime rate for each calendar quarter on amounts held on or after February 11, 1983. The applicable average prime rate for each calendar quarter shall be the arithmetic mean, to the nearest one-hundredth of one percent, of the prime rate values published in the Federal Reserve Bulletin, (ii) The interest required to be paid under paragraph (c)(2)(i) of this section shall be compounded quarterly. (3) Any pipeline company required to make refunds pursuant to this section shall bear all costs of such refunding. (4) If any rate or charge described in paragraph (a) of this section that is found not to be justified by the Commission is shared between two or more pipeline companies, each pipeline company which shared in the unjustified rates or charges is required to refund to the pipeline company that published the tariff, not less than five days prior to the refund date ordered by the Commission under paragraph (c)(1) of this section, (i) That portion of the unjustified rates or charges shared, and (ii) The appropriate interest as required in paragraph (c)(2) of this section for the period during which the refundable amounts were held. The pipeline company that published the tariff shall, on the date set by the Commission in its final order, make refunds with interest to the appropriate shipper for the full period during which the refundable amounts were held. [Order 273, 48 FR 1289; Jan. 12, 1983]

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• 18 CFR Part 154 — Rate Schedules and Tariffs#506392
• 18 CFR Part 35 — Filing of Rate Schedules and Tariffs#506374
• 48 CFR Part 38 — Federal Supply Schedule Contracting#510895
• 47 CFR Part 61 — Tariffs#510827
• 49 CFR Part 1253 — Rate-Making Organization; Records and Reports#512033