{"abstract":"The Federal Maritime Commission is amending its regulations governing financial reporting requirements and rate of return methodology applicable to vessel-operating common carriers by water in the domestic offshore trades to discontinue use of the comparable earnings test in determining the reasonableness of a carrier's return on rate base. In its place, the Commission will use the weighted average cost of capital methodology. The Commission is modifying the calculation of the rate of return on rate base to a before-tax basis. In addition, the Commission is amending its rules pertaining to the computation of working capital. The rule addresses a number of shipper and carrier concerns regarding the Commission's current rate of return methodology and would align the Commission's ratemaking methodologies more closely with those used by numerous other regulatory agencies. The intent is to improve the Commission's methodology for evaluating the reasonableness of rates filed by carriers in the domestic offshore trades.","action":"Final rule.","agencies":[{"raw_name":"FEDERAL MARITIME COMMISSION","name":"Federal Maritime Commission","id":178,"url":"https://www.federalregister.gov/agencies/federal-maritime-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/178","parent_id":null,"slug":"federal-maritime-commission"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/1995/09/05/95-21845.html","cfr_references":[{"chapter":null,"citation_url":null,"part":552,"title":46}],"citation":"60 FR 46047","comment_url":null,"comments_close_on":null,"correction_of":null,"corrections":[],"dates":"October 5, 1995.","disposition_notes":null,"docket_ids":["Docket No. 94-07"],"dockets":[],"document_number":"95-21845","effective_on":"1995-10-05","end_page":46063,"executive_order_notes":null,"executive_order_number":null,"explanation":null,"full_text_xml_url":null,"html_url":"https://www.federalregister.gov/documents/1995/09/05/95-21845/financial-reporting-requirements-and-rate-of-return-methodology-in-the-domestic-offshore-trades","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/95-21845?publication_date=1995-09-05","mods_url":"https://www.govinfo.gov/metadata/granule/FR-1995-09-05/95-21845/mods.xml","not_received_for_publication":null,"page_length":17,"page_views":{"count":17,"last_updated":"2026-04-04 10:15:04 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-1995-09-05/pdf/95-21845.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":null,"publication_date":"1995-09-05","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/1995/09/05/95-21845.txt","regulation_id_number_info":{},"regulation_id_numbers":[],"regulations_dot_gov_info":{"checked_regulationsdotgov_at":"2011-09-21T08:13:43Z"},"regulations_dot_gov_url":null,"significant":null,"signing_date":null,"start_page":46047,"subtype":null,"title":"Financial Reporting Requirements and Rate of Return Methodology in the Domestic Offshore Trades","toc_doc":null,"toc_subject":null,"topics":[],"type":"Rule","volume":60}