Publication of information related to prevailing value determinations

# (a)

For purposes of determining the prevailing value for gas under 15 AAC 55.173, the department will publish the information described in (b) of this section as follows:

# (1)

for the period that (A) begins with the date of commencement of commercial operation of a regulated pipeline that delivers gas to Canada, to the Lower 48, or to an LNG transportation facility located in or near Valdez, Alaska; and (B) ends on the last day of the same tax year, the department will publish the information at least 60 days before the date of commencement of commercial operation;

# (2)

for each tax year later than the tax year described in (1) of this subsection, the department will publish the information on or before December 1 of the immediately preceding year.

# (b)

The information to be published by the department under (a) of this section is

# (1)

the identification of each market that the department has determined to be a first destination market with reasonable liquidity for residue gas, for gas plant products, or for LNG;

# (2)

for each first destination market with reasonable liquidity,

(A) the name of the publication or other source of the market price index for residue gas, for gas plant products, or for LNG;

(B) a description of the specific price information that can be referenced; and

(C) the manner in which that price information must be applied, including a description of any location or quality differential that the department determines to be appropriate to adjust the market price index in a given market;

# (3)

the method the department has selected to determine a downstream gas processing cost allowance or a regasification cost allowance under 15 AAC 55.173(o) for each first destination market with reasonable liquidity;

# (4)

to the extent practicable, the destination markets and the alternative prevailing value methods the department may apply under 15 AAC 55.173(c)(3) and (d)(2) in those markets; and

# (5)

to the extent practicable, any other information relating to the determination of prevailing value under 15 AAC 55.173.

# (c)

To the extent practicable, for each first destination market with reasonable liquidity identified by the department under (b) of this section, the department will publish on a monthly or other periodic basis the market price index determined by the department under 15 AAC 55.173(n), and any other information the department has determined can be reasonably provided related to the calculation of prevailing value for gas under 15 AAC 55.173.

# (d)

In this section, "Alaska North Slope area" means that part of the state that lies north of 68° North latitude.
(Eff. 4/30/2010, Register 194)
Statutory Authority:
Authority:
AS 43.05.080 AS 43.55.030 AS 43.55.110
AS 43.55.020 AS 43.55.040