Or. Admin. R. 150-308-0600 - Allocation of Centrally Assessed Pipeline Company Property Value

Current through Register Vol. 61, No. 4, April 1, 2022

Pipeline companies. The value of the Oregon portion of a unit of property used by a pipeline company operating both within and without this state shall be allocated to this state by multiplying the value of the unit by a percentage, which shall be the sum of the Oregon pipeline percentage and the Oregon other property percentage.

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

Notes

Or. Admin. R. 150-308-0600
RD 6-1994, f. 12-15-94, cert. ef. 12-30-94; Renumbered from 150-308.550(2)-(E), REV 59-2016, f. 8-13-16, cert. ef. 9/1/2016

Stat. Auth.: ORS 305.100

Stats. Implemented: ORS 308.550

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