OMB Approves FERC 5-year Oil Pipeline Index Review Final Rule

 Yesterday, the OMB’s Office of Information and Regulatory Affairs (OIRA) announced that it had approved a final rule for the Federal Energy Regulatory Commission on “Five-Year Review of the Oil Pipeline Index”. The final rule was submitted to OIRA on April 2nd, 2026. The notice of proposed rulemaking for this action was published in the Federal Register on November 24th, 2025. 

According to the Spring 2025 Unified Agenda for this rulemaking: 

“The Federal Energy Regulatory Commission (Commission) intends to issue a Notice of Proposed Rulemaking initiating its routine review of the oil pipeline index level, a longstanding and recurring rulemaking that the Commission has conducted on regular five-year intervals since establishing the index in 1995 (Docket No. RM25-10-000).” 

That explanation is obviously out-of-date, but that is to be expected since the Administration has not yet published their Fall 2025 Unified Agenda. It will be interesting to see if/when they publishe the Spring 2026 Unified Agenda. 

I do not expect to cover this final rule in any depth. I do, however, expect that I will note its publication in the appropriate Short Takes post.