'Reported in undated statement submitted by Amerada Hess entitled "General Assumptions for Calculating TAPS Tariff as of May, 1977." 'Estimated Alyeska removal cost ($1,049 million) divided by 25 years, multiplied by Amerada Hess' ownership share (1.50 percent). "Amerada Hess' share (1.50 percent) of Alyeska investment ($7,959 million for facilities plus $16 million for land), plus Amerada Hess' capitalized construction interest ($22,670,500) and capitalized overhead costs ($1,735,400) as reported by letter from R.K. Stafford dated May 13, 1977. 'Reported in letter from R.K. Stafford dated June 1, 1977. 'Reported in letter from J.D. Wessling dated June 1, 1977. *Estimated Alyeska removal cost ($1,049 million) divided by 25 years, multiplied by Arco's ownership share (21 percent). 'Arco's share (21 percent) of Alyeska investment ($7,959 million for facilities, plus $16 million for land), plus Arco's capitalized construction interest ($257,100,000), as reported in letter from J.D. Wessling dated June 1, 1977. 'Reported in letter dated June 1, 1977. "Interest divided by interest rate. *Reported in June 1, 1977 letter. 'Weighted average interest rate of debt issues shown in a letter from J.D. Wessling dated June 2, 1977. "Investment minus debt. "Staff estimate based on reported investment figures. (footnotes continued on next page) (footnotes continued) BP 'Reported in BP's submission of June 15, 1977, in explanation of filed tariff rates. Estimated Alyeska removal cost ($1,049 million) divided by 25 years, multiplied by BP's ownership share (15.84 percent). "BP's share (15.84 percent) of Alyeska investment ($7,959 million for facilities plus $16 million for land), plus BP's capitalized construction interest and overhead costs ($204 million), with the latter as reported in BP's submission of June 15, 1977. 'Reported in BP's submission of June 15, 1977. "Investment less equity. "Reported in a letter from P.H. Jones dated May 27, 1977. 'Interest divided by debt. "Reported in a letter from P.H. Jones dated June 14, 1977. "Staff estimate based on reported investment figures. Exxon 'Reported in appendix A to Exxon's reply to protests. 'Estimated Alyeska removal cost ($1,049 million) divided by 25 years, multiplied by Exxon's ownership share (20 percent). "Exxon's share (20 percent) of Alyeska investment ($7,959 million for facilities, plus $16 million for land), plus Exxon's capitalized construction interest ($242 million), with the latter as reported in a letter from J.D. Sturtevant dated March 21, 1977. 'Reported in a letter from J.D. Sturtevant dated June 1, 1977. "Interest divided by interest rate. "Reported in appendix A to Exxon's reply to protests. 'Reported in appendix A to Exxon's reply to protests. "Investment minus debt. "Staff estimate based on reported investment figures. Mobil 'Reported in a letter from C.R. Thompson dated May 27, 1977. 'Estimated Alyeska removal cost ($1,049 million) divided by 25 years, multiplied by Mobil's ownership share (5 percent). "Mobil's investment, including capitalized construction interest ($57.7 million) and capitalized overhead costs ($3.2 million) as reported in a letter from C.R. Thompson dated April 29, 1977. 'Reported in letter dated May 27, 1977. 'Debt presumed to be 100 percent of investment. Data filed by Mobil gives no indication of equity financing. "Reported in letter dated May 27, 1977. 'Interest divided by debt. "Investment minus debt. "Staff estimate based on reported investment figures. Phillips 'Reported in a letter from James Mullen dated July [sic: June] 20, 1977. 'Estimated Alyeska removal cost ($1,049 million) divided by 25 years, multiplied by Phillips' ownership share (1.66 percent). "Phillips' share (1.66 percent) of Alyeska investment ($7,959 million for facilities plus $16 million for land), plus Phillips' capitalized construction interest ($14,944,000) and capitalized overhead costs ($40,000), with the latter items as reported in letter of June 20, 1977. Working capital ($1,480,000) excluded. 'Reported in undated statement entitled "Phillips Petroleum Company-Estimate of Expenses." 'Reported in letter of June 20, 1977. "Reported in letter of June 20, 1977. 'Interest divided by debt. "Investment minus debt. "Staff estimate based on reported investment figures. (footnotes continued on next page) (footnotes continued) Sohio 'Reported in a letter from J.T. Boltacz dated June 13, 1977. "Estimated Alyeska removal cost ($1,049 million) divided by 25 years, multiplied by Sohio's ownership share (33.34 percent). Sohio's investment ($3,138.5 million) as reported in letter dated June 13, 1977. Working capital ($13 million) excluded. Substracting Sohio's share of Alyeska investment would indicate $479,635,000 as capitalized construction interest and overhead costs. 'Reported in letter dated June 13, 1977. 'Reported in letter dated June 13, 1977. "Reported in letter dated June 13, 1977. 'Interest divided by debt. "Investment minus debt. "Staff estimate based on reported investment figures. Union 'Reported in a letter dated May 27, 1977, from E.J. Takach. 'Estimated Alyeska removal cost ($1,049 million) divided by 25 years, multiplied by Union's ownership share (1.66 percent). Union's share (1.66 percent) of Alyeska investment ($7,975 for facilities plus $16 million for land), plus Union's capitalized construction interest ($10.6 million), with the latter as reported in a letter from David M. Schwartz dated June 14, 1977. 'Reported in letter dated May 27, 1977. 'Reported in letter dated June 14, 1977. "Computed from debt description in letter dated June 14, 1977. APPENDIX 4 Tariff computation allowing 8 percent return on valuation-actual capital structure Tariff computation allowing 10 percent return on valuation-actual capital structure No. 358671 REVISION OF REGULATIONS FOR THE CONSTRUCTION, Decided August 5, 1977 On reconsideration revised regulations prescribed in prior report, 352 I.C.C. 46, further revised. Thomas M. Auchincloss, Jr., J. Raymond Clark, Joseph M. Harrison, Leonard A. Jaskiewicz, and Bryce Rea, Jr., for various tariff publishing agents and tariff associations. Frank Hiljer, Jr., for Sea-Land Service, Inc. Francis C. Corley for Corley Companies. Allen J. O'Brien for Aerospace Industries Association of America, Inc. Dellon E. Coker and Peter Q. Nyce, Jr., for the United States Department of Defense. REPORT OF THE COMMISSION ON RECONSIDERATION DIVISION 2, ACTING AS AN APPELLATE DIVISION, COMMISSIONERS BY THE DIVISION: In our prior report herein, 352 I.C.C. 46, we prescribed revised regulations, set forth in 49 CFR 1310.0 et seq., to govern the construction, filing, and posting of tariffs of common carriers of property by motor vehicle and tariffs of common carriers of property by water which contain joint motor-water rates or provisions governing such rates. These were to replace the present regulations contained in Tariff Circular MF No. 3 (49 CFR 1307, Subpart B). Thereafter, various parties petitioned for 'The report also embraces docket No. 35867 (Sub-No. 1), Standard Headings and Standard Item Numbers for Commonly Published Rules in Tariffs of Class I Motor Common Carriers of Property and of Agents. |