such protest to specify in detail the findings concerning which protest is made and the reasons for such protest.

2. If no protest is filed within the period specified and if no petition for leave to intervene has

been filed as provided by the notice published by the Federal Energy Regulatory Commission on October 12, 1978, Fed. Reg. 47000, and the proceeding is not reopened for any other reason, these findings will be the findings of the FERC, and the valuation as found will be final.

Jurisdiction over oil pipelines, as it relates to the establishment of valuations for pipelines, was transferred from the Interstate Commerce Commission to the Federal Energy Regulatory Commission (FERC), pursuant to Sections 306 and 402 of the Department of Energy Organization Act, 42 U.S.C. §§ 7155 and 7172, and Executive Order No. 12009, 42 Fed. Reg. 46267 (September 15, 1977).

The FERC, by order issued February 10, 1978, FERC Statutes and Regulations ¶30,007, established an Oil Pipeline Board and delegated to the Board its functions with respect to ascertaining valuations pursuant to Section 19a of the Interstate Commerce Act. The Oil Pipeline Board takes this action pursuant to the above mentioned authorities.

Introductory. - The Emerald Pipe Line Corporation, hereinafter called the carrier, was incorporated March 11, 1957, under the general corporation laws of the State of Delaware, The carrier's corporate office is located at Wilmington, Delaware, and its general office at Amarillo, Texas. The carrier is controlled by the Emerald Corporation through ownership of the outstanding capital stock. It does not, itself, control any common carrier corporation.

The common carrier property of the carrier is

operated by the Diamond Shamrock Corporation as contract agent.

Additional data regarding corporate history, organization, operation, financial, other detail and elements of value will be found in the carrier's basic valuation report as of December 31, 1957, 56 Valuation Report 701.

Location and general description of property and operations. The carrier owns and uses a pipeline in products service extending from a point near the refinery of the Diamond Shamrock Corporation in Moore County, Texas, to a connection with the Okan Pipeline Company and Mapco, Inc., near Liberal, in Seward County, Kansas. The total trunklines aggregate 113.429 miles including 112.725 miles of main line and 0.704 mile of other line.

During the year the carrier received into its system 2,768,781 and delivered out 2,739,880 barrels of refined oils.

Elements of value. As of December 31, 1977, the elements of value of property owned and used by the carrier in common carrier service are as follows:

$ 231,676 578,094 869,757

$ 187,833

$

$ 7,886

432,422

19,203

707,353 490

1,679,527

1,328,098

The original cost of rights-of-way owned and used by the carrier on December 31, 1977 is $107,600.

Reference is made to Appendix 4, Ajax Pipe Line Corporation, 50 Valuation Report 1, for a statement of the methods employed and of the reasons for the differences between the various cost values reported.

In computing a single sum value, the Commission places primary emphasis on two elements of cost, namely cost of reproduction new and original cost to date. These two elements are weighted together based on each one's percentage to the sum of the two. The weighted figure is then depreciated to reflect the value of the property in its present condition by applying a condition percent factor derived from a ratio of cost of reproduction new less depreciation value to the cost of reproduction new value. The resultant depreciated value is increased by 6 percent to reflect an amount for going concern. To this increased value an amount is added for the present value of land, rights-of-way and working capital. This final figure is the total single sum value of the carrier's properties that are used and useful for common carrier purposes.

The details respecting the figures here reported are on file in the valuation records of the Commission. These details are referred to for greater particularity as to the matters herein stated.

The Board finds:

1. After careful consideration of all facts herein contained, including appreciation, depreciation, going-concern value, and all other matters which appear to have a bearing upon the values here reported, the value, pursuant to Section 19a of the Interstate Commerce Act, as of December 31, 1977, of the property owned and used by the carrier for common carrier purposes is $1,524,900.

2. No other values or elements of value to which specific sums can now be ascribed are found to exist.

The Board orders:

1. The property owned and used by the carrier as of December 31, 1977 is hereby valued at $1,524,900. On or before 30 days from the date of service of this order, any person entitled to do so under Section 19a of the Interstate Commerce Act may file with the Secretary of the FERC written protest concerning this valuation, such protest to specify in detail the findings concerning which protest is made and the reasons for such protest.

2. If no protest is filed within the period specified and if no petition for leave to intervene has been filed as provided by the notice published by the Federal Energy Regulatory Commission on October 12, 1978, 43 Fed. Reg. 47000, and the proceeding is not reopened for any other reason, these findings will be the findings of the FERC, and the valuation as found will be final.

Jurisdiction over oil pipelines, as it relates to the establishment of valuations for pipelines, was transferred from the Interstate Commerce Commission to the Federal Energy Regulatory Commission (FERC), pursuant to Sections 306 and 402 of the Department of Energy Organization Act, 42 U.S.C. §§ 7155 and 7172, and Executive Order No. 12009, 42 Fed. Reg. 46267 (September 15, 1977).

The FERC, by order issued February 10, 1978, FERC Statutes and Regulations ¶30,007, established an Oil Pipeline Board and delegated to the Board its functions with respect to the issuance of valuation reports pursuant to Section 19a of the Interstate Commerce Act. The Oil Pipeline Board takes this action pursuant to the above mentioned authorities.

Introductory. - The Kenai Pipe Line Company, hereinafter called the carrier, was incorporated March 28, 1960, under the general corporation law of the State of Delaware. The carrier's corporate office is located at Wilmington, Delaware and its general office at San Francisco, California. The carrier is jointly controlled, through equal ownership of the outstanding capital stock, by Chevron U.S.A., Inc. and Atlantic Richfield Company. It does not, itself, control any common carrier corporation.

The common carrier property of the carrier is operated by the Kenai Service Company, as agent, under an agreement dated September 1, 1960.

Additional data regarding corporate history, organization, operation, financial, other detail and

elements of value will be found in the carrier's basic valuation report as of December 31, 1960, 324 ICC 243.

Location and general description of property and operations. - The carrier wholly owns and uses a trunk pipeline in the State of Alaska. Crude oil is received into its system at an injection metering unit at the Swanson River oil field and is moved through the Soldotna Creek pump station to the marine terminal delivery facilities at Nikiski on Cook Inlet. Crude oil is also transported from the Middle Ground Shoal offshore treating facilities to the marine terminal.

Working capital is $152,500.

The original costs of land and rights-of-way owned and used by the carrier on December 31, 1977 are $13,464 and $82,443, respectively.

Reference is made to Appendix 4, Ajax Pipe Line Corporation, 50 Val. Rep. 1, which is hereby made a part hereof, for a statement of the methods generally employed and of the reasons for the differences between the various cost values reported.

In computing a single sum value, the Commission places primary emphasis on two elements of cost, namely cost of reproduction new and original cost to date. These two elements are weighted together based on each one's percentage to the sum of the two. The weighted figure is then depreciated to reflect the value of the property in its present condition by applying a condition percent factor derived from a ratio of cost of reproduction new less depreciation value to the cost of reproduction new value. The resultant depreciated value is increased by 6 percent to reflect an amount for going concern, To this increased value an amount is added for the present value of land, rights-of-way and working capital. This final figure is the total single sum value of the carrier's properties that are used and useful for common carrier purposes.

The details respecting the figures here reported are on file in the valuation records of the Commission. These details are referred to for greater particularity as to the matters herein stated.

The Board finds:

1. After careful consideration of all facts herein contained, including appreciation, depreciation, going-concern value, and all other matters which appear to have a bearing upon the values here reported, the value, pursuant to Section 19a of the Interstate Commerce Act, as of December 31, 1977, of the property owned and used by the carrier for common carrier purposes is $11,898,100.

2. No other values or elements of value to which specific sums can now be ascribed are found to exist.

The Board orders:

1. The property owned and used by the carrier as of December 31, 1977, is hereby valued at $11,898,100. On or before 30 days from the date of service of this order, any person entitled to do so under Section 19a of the Interstate Commerce Act may file with the Secretary of the FERC written protest concerning this valuation, such protest to specify in detail the findings concerning which protest is made and the reasons for such protest.

2. If no protest is filed within the period specified and if no petition for leave to intervene has been filed as provided by the notice published by the Federal Energy Regulatory Commission on October 12, 1978, 43 Fed. Reg. 47000, and the proceeding is not reopened for any other reason, these findings will be the findings of the FERC, and the valuation as found will be final.

Jurisdiction over oil pipelines, as it relates to the establishment of valuations for pipelines, was transferred from the Interstate Commerce Commission to the Federal Energy Regulatory Commission (FERC), pursuant to Sections 306 and 402 of the Department of Energy Organization Act, 42 U.S.C. §§ 7155 and 7172, and Executive Order No. 12009, 42 Fed. Reg. 46267 (September 15, 1977).

The FERC, by order issued February 10, 1978, FERC Statutes and Regulations ¶30,007, established an Oil Pipeline Board and delegated to the Board its functions with respect to the issuance of valuation reports pursuant to Section 19a of the Interstate Commerce Act. The Oil Pipeline Board takes this action pursuant to the above mentioned authorities.

Introductory. The Portal Pipe Line Company, hereinafter called the carrier, was incorporated April 9, 1962, under the general corporation laws of the State of Delaware. Its corporate office is located at Wilmington, Delaware and its general office at Dallas, Tex. The carrier is controlled jointly by the Burlington Northern Railway Company and the Hunt Oil Company through ownership of the outstanding capital stock. It does not, itself, control any other common carrier corporation.

Additional data regarding corporate history, organization, operation, financial, other detail and elements of value will be found in the carrier's basic valuation report as of December 31, 1962, reported in 328 ICC 262.

Location and general description of property and operation. The carrier owns and operates gathering pipelines in the States of Montana and North Dakota, and trunk pipelines in the States of Minnesota and North Dakota, which are used for gathering and transporting crude oil. The principal wholly owned and used trunkline routes extend from Lignite, N. Dak. to Clearbrook, Minn.; Sherwood to Wiley, N. Dak.; and Newburg to Minot, N. Dak. Wholly owned and used gathering lines aggregate 217.236 miles, and trunklines 553.795 miles, including 550.504 miles of main line and 3.291 miles of other line.

During the year the carrier received into its system 6,919,630 and delivered out 6,931,076 barrels of crude oil.

Element of value. - As of December 31, 1977, the elements of value of property owned and used by the carrier in common carrier service are as follows:

Working capital is $66,100.

The original costs of land and rights-of-way owned and used by the carrier on December 31, 1977 are $21,096 and $279,368, respectively.

Reference is made to Appendix 4, Ajax Pipe Line Corporation, 50 Val. Rep. 1, for a statement of the methods employed and of the reasons for the

differences between the various cost values reported.

In computing a single sum value, the Commission places primary emphasis on two elements of cost, namely cost of reproduction new and original cost to date. These two elements are weighted together based on each one's percentage to the sum

of the two. The weighted figure is then depreciated to reflect the value of the property in its present condition by applying a condition percent factor derived from a ratio of cost of reproduction new less depreciation value to the cost of reproduction new value. The resultant depreciated value is increased by 6 percent to reflect an amount for going concern. To this increased value, an amount is added for the present value of land, rights-of-way and working capital. This final figure is the total single sum value of the carrier's properties that are used and useful for common carrier purposes.

The details respecting the figures here reported are on file in the valuation records of the Commission. These details are referred to for greater particularity as to the matters herein stated. The Board finds:

1. After careful consideration of all facts herein contained, including appreciation, depreciation, going-concern value, and all other matters which appear to have a bearing upon the values here reported, the value, pursuant to Section 19a of the Interstate Commerce Act, as of December 31, 1977,

of the property owned and used by the carrier for common carrier purposes is $21,908,700.

2. No other values or elements of value to which specific sums can now be ascribed are found to exist.

The Board orders:

1. The property owned and used by the carrier as of December 31, 1977, is hereby valued at $21,908,700. On or before 30 days from the date of service of this order, any person entitled to do so under Section 19a of the Interstate Commerce Act may file with the Secretary of the FERC written protest concerning this valuation, such protest to specify in detail the findings concerning which protest is made and the reasons for such protest.

2. If no protest is filed within the period specified and if no petition for leave to intervene has been filed as provided by the notice published by the Federal Energy Regulatory Commission on October 12, 1978, 43 Federal Register 47000, and the proceeding is not reopened for any other reason, these findings will be the findings of the FERC, and the valuation as found will be final.

On June 16, 1978 (revised September 19, 1978), the Town of Vidalia, Louisiana (Applicant) filed an application for preliminary permit for the proposed Old River-Vidalia Project No. 2854, to be located in Concordia Parish, Louisiana, along the Old River Control Channel. The U.S. Army Corps of Engineers (Corps), Old River Control Channel is located between the Mississippi and the RedAtchafalaya Rivers and is approximately one mile west of the southwestern corner of the MississippiLouisiana border. The proposed project would affect navigable waters and lands of the United States under the management of the Corps.' Project Discussion

The Applicant in cooperation with the Corps has proposed a number of schemes to utilize the hydroelectric potential of the Old River Control Channel. The five-mile-long Old River Control Channel regulates the flow and sediment transport load between the Mississippi River and the RedAtchafalaya Rivers. Public Law 83-780 authorizes the Corps to divert 30% of the Mississippi River flow through the Old River Control Channel and its regulating control structure to maintain navigation in the lower Red-Atchafalaya Rivers and also to serve as a floodway channel during Mississippi River flood stage. The Corps has been authorized

by Congress to construct a new auxiliary control structure near the existing structure as part of a general plan to rehabilitate the existing Old River Control Channel facilities. Construction is scheduled to begin in fiscal year (FY) 1981.

The Applicant's proposed project would include either the construction of a 65-foot-high concrete dam-powerhouse to span the Old River Control Channel, approximately 2,000 feet downstream from the existing control structure, or to install power generation generating facilities inteIgral with the Corps' proposed auxiliary structure.

Either alternative would be operated as a runof-the-river project and would include of 10 to 15 low-head bulb turbine-generators having a total installed capacity of 121.5 MW.

Public Notice and Agency Comments

Public Notice of the filing of the application was given on October 5, 1978, with December 8, 1978, as the last date for filing protests or petitions to intervene. No protests or petitions were received.

By letter dated October 20, 1978, the Director, Office of Electric Power Regulation circulated the application and requested Federal, State, and local agencies to comment. The Corps; the Department of Agriculture, Forest Service; the Department of