157.7 and in paragraphs (a), (e) and (f) of Section 157.20 of such Regulations.

(C) Applicant shall submit within 60 days after the expiration of the authorization granted by paragraph (A) above a statement in compliance with Section 157.7(b)(3) of the Commission's Regulations under the Natural Gas Act.

(D) The total expenditures for facilities to be constructed under the authorization granted by paragraph (A) above are limited to $12,000,000 with no single onshore project to exceed $1,500,000 and no single offshore project to exceed $2,500,000.

(E) The grant of the certificate herein is conditioned upon Applicant's certifying to the Commission, within 60 days after all construction is completed under the instant authorization, that it

has fully complied with the provisions of Section 2.69 of the Commission's General Policy and Interpretations.

-Footnotes

'Applicant, a Delaware corporation having its principal place of business in Houston, Texas, is a "natural-gas company" within the meaning of the Natural Gas Act as heretofore found by order issued July 12, 1947, in Docket No. G-910 (6 FPC 777).

2 Since the fee required by Section 159.2 of the Regulations under the Natural Gas Act (18 CFR 159.2) to be paid within 30 days following issuance of the notice of application on December 21, 1978, was not paid until February 14, 1979, the authorization requested could not be granted by January 1, 1979. The authorization herein granted shall be for the 12-month period commencing the date of this order.

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 Trans Mountain Oil Pipe Line Corporation, hereinafter called the carrier, was incorporated November 10, 1952, under the General Corporation Laws of the State of Delaware. Its general office is located at Vancouver, British Columbia, Canada. The carrier is controlled by the Trans Mountain Pipe Line Company, Ltd., a Canadian corporation, through ownership of the outstanding capital stock. It does not, itself, control any 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, 1955, 57 Val. Rep. 213.

Location and general description of property and operations. The carrier is engaged in the transportation of crude oil. It owns and operates a trunk pipeline in the State of Washington, extending southwesterly from Sumas Junction at the Canadian-United States border to Laurel and then southerly to Burlington, Washington, approximately 43 miles. There are branch lines from Laurel to the General Petroleum Corporation refinery at Ferndale, about 12 miles, and from Burlington to the Shell Oil Company refinery at Anacortes, about 9 miles. The pipeline aggregates 64.769 miles, including 63.634 miles of main line and 1.135 miles of other line.

During the year the carrier received into its system and delivered out 9,384,957 barrels of crude oil.

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:

Working capital is $86,600.

The original costs of land and rights-of-way owned and used by the carrier on December 31, 1977 are $4,411 and $76,144, 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 $5,636,300.

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 $5,636,300. 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

[¶62,0

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 Wolverine Pipe Line Company, hereinafter called the carrier, was incorporated June 25, 1952, under the general corporation laws of the State of Delaware. Its corporate office is located at Wilmington, Delaware and its general office at New York. The carrier is controlled jointly by Cities Service Oil Company, Clark Oil & Refining Corporation, Marathon Oil Company, Mobil Pipe Line Company, Shell Pipe Line Corporation, Texaco Inc., and Union Oil Company of California, 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, 1954, reported in 55 Val. Rep. 813.

Location and general description of property and operations. The carrier owns and operates

trunk pipelines in the States of Illinois, Indiana, Michigan and Ohio, used for transporting refined oils, extending from Lockport, Illinois to its terminus in River Rouge (Detroit), Michigan with branch lines extending from a junction near Freedom, Michigan to meter stations in Toledo, Ohio and from Niles Station to Grand Haven, Michigan. Trunklines aggregate 620.950 miles including 607.365 miles of main line and 13.585 miles of other lines.

During the year the carrier received into its system 96,948,922 and delivered out 96,950,797 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:

Working capital is $324,500.

The original costs of land and rights-of-way owned and used by the carrier on December 31, 1977 are $337,860 and $4,947,718, 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 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 value 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 $61,739,900.

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 $61,739,900. 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 Badger Pipe Line Company, hereinafter called the carrier, was incorporated April 21, 1953, under the general corporation laws of the State of Delaware. The carrier's corporate office is located at Dover, Delaware and its general office at Tulsa, Oklahoma. The carrier is controlled jointly by the Cities Service Oil Company, Union Oil Company of California, Atlantic Richfield Company and Texaco Inc., through ownership of the outstanding capital stock. It does not, itself, control any 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, 1955, 56 Val. Rep. 193.

Location and general description of property and operations. The carrier is engaged in the transportation of refined petroleum products. It owns and operates trunk pipelines in the States of Illinois, Indiana and Wisconsin, extending from East Chicago, Indiana through Canal Junction, Des Plaines and Rockford, Illinois to Madison, Wisconsin, with branch lines from Texaco Inc. refinery at Lockport through Lemont and Canal Junction to Chicago, Illinois, and from Peru to Rockford, Illinois. The pipeline aggregates 334.289 miles, including 270.527 miles of main line, 60.768 miles of loops or parallel lines and 2.994 miles of other lines. The carrier owns minor properties located in the State of Oklahoma. It leases office furniture and equipment in Illinois, Indiana, Oklahoma and Wisconsin from the Cities Service Pipe Line Company.

During the year the carrier received into its system 58,696,953 and delivered out 58,719,640 barrels of refined petroleum products.

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

[162,07

Working capital is $63,300.

The original costs of land and rights-of-way owned and used by the carrier on December 31, 1977 are $58,195, and $647,219, respectively. The original cost of land leased from private parties was not determined.

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.