Procedure for Determining Reporting Threshold

I. Property Damage Threshold Formula Each year after calendar year 2021, the Administrator will publish a notice on PHMSA's website announcing the updates to the property damage threshold criterion that will take effect on July 1 of that year and will remain in effect until the June 30 of the next year. The property damage threshold used in the definition of an Incident at § 191.3 shall be determined in accordance with the following formula: Where: T r is the revised damage threshold, T p is the previous damage threshold, CPI r is the average Consumer Price Indices for all Urban Consumers (CPI-U) published by the Bureau of Labor Statistics each month during the most recent complete calendar year, and CPI p is the average CPI-U for the calendar year used to establish the previous property damage criteria. [86 FR 2237, Jan. 11, 2021]