Allocation of Centrally Assessed Pipeline Company Property Value

# (1)

(1) The Oregon pipeline percentage shall be the ratio the cost of lines of pipe in the unit bears to the total cost of the unit times the sum of:

(a) The ratio the Oregon portion of the unit cost of lines of pipe bears to the total unit cost of lines of pipe times 75 percent;

(b) The ratio the Oregon portion of pipe line use, measured in barrel miles or thousand cubic foot miles (MCF miles), bears to the unit's total pipe line use times 20 percent; plus

(c) The ratio the Oregon portion of the unit's total terminal activity during the prior year, measured in barrels or thousand cubic feet, bears to the unit's total terminal activity during the prior year times five percent.

# (2)

(2) The Oregon other property percentage shall be the ratio the cost of all other property in the unit bears to the total cost of the unit times the ratio the cost of the Oregon portion of the other property of the unit bears to the total cost of other property of the unit.

# (3)

(3) For natural gas pipelines, depreciated original cost shall be used. For other pipelines, undepreciated original cost shall be used.