Comment from American Petroleum Institute and Liquid Energy Pipeline Association
American Petroleum Institute and Liquid Energy Pipeline AssociationSupportTrade association
Summary: The American Petroleum Institute (API) and the Liquid Energy Pipeline Association (LEPA) support the proposed revisions to increase the property damage threshold for reporting incidents and accidents. They argue that the new threshold is reasonable, aligns with other regulations, and provides necessary regulatory clarity by excluding indirect costs from damage calculations.
The American Petroleum Institute (API) and the Liquid Energy Pipeline Association (LEPA) are submitting comments in support of the proposed modifications to the regulations to increase the property damage threshold to $149,700 and adopting an inflation-adjusted incident and accident reporting threshold, and aligning the National Response Center (NRC) notification requirements in 49 C.F.R. § 195.52 with the accident reporting requirements in 49 C.F.R. § 195.50.