Federal Register - August 11, 2021
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Source: Federal Register
43933
Federal Register / Vol. 86, No. 152 / Wednesday, August 11, 2021 / Rules and Regulations previously under the Affected Population portion of this RA 18
manuals for LNG/LHG facilities and 261
for MTR facilities; 42 amendments for
LNG/LHG facilities and 442 for MTR
facilities and the estimated rate of electronic document use at marine transfer areas discussed previously 50
percent at LNG/LHG facilities and 20
percent at MTR facilities, we derived the annual labor cost savings shown in tables 16 and 17.
TABLE 16ANNUAL LNG/LHG FACILITY LABOR COST SAVINGS WITH RESPECT TO ELECTRONIC AND OPERATIONS
MANUALS AND AMENDMENTS THAT WILL NOT HAVE TO BE PLACED AT MARINE TRANSFER AREAS
Instances of documents per year
Labor of storing manuals and amendments
Electronic document use at marine transfer areas %
Labor costs
Total annual labor cost savings
Manuals
Amendments
18
42
50
50
54.47
54.47
$490.23
1,143.87
Total
1,634.10
TABLE 17ANNUAL MTR FACILITY LABOR COST SAVINGS WITH RESPECT TO OPERATIONS MANUALS AND AMENDMENTS
THAT WILL NOT HAVE TO BE PLACED AT MARINE TRANSFER AREAS
Instances of documents per year
Labor of storing manuals and amendments
Electronic document use at marine transfer areas
Labor costs
Total annual labor cost savings
Manuals
Amendments
261
442
20
20
54.47
54.47
$2,843.33
4,815.15
Total
7,658.48
Tables 18 and 19 show the total annual cost savings for LNG/LHG and MTR facilities in both nominal and
discounted terms. We found these savings estimates by summing the
previous tables for the total number of facilities by respective facility type.
TABLE 18ANNUAL COST SAVINGS FOR LNG/LHG FACILITIES ON A NOMINAL BASIS AND DISCOUNTED AT 7%
Nominal terms 1
LNG/LHG cost savings Year Year Year Year Year Year Year Year Year Year
7% discounted rate
1
2
3
4
5
6
7
8
9
10
$3,465.19
3,465.19
3,465.19
3,465.19
3,465.19
3,465.19
3,465.19
3,465.19
3,465.19
3,465.19
$3,238.50
3,026.63
2,828.63
2,643.58
2,470.63
2,309.00
2,157.95
2,016.77
1,884.83
1,761.53
Total
Annualized
34,651.90
24,338.04
3,465.19
1 Sum
of tables 16 $1,634.10, table 14 $241.98, table 12 $1,010.59 and table 10 $578.52 equals $3,465.19.
TABLE 19ANNUAL COST SAVINGS FOR MTR FACILITIES ON A NOMINAL BASIS AND DISCOUNTED AT 7%
Nominal terms 1
jbell on DSKJLSW7X2PROD with RULES
MTR cost savings Year Year Year Year Year Year Year Year Year Year
1
2
3
4
5
6
7
8
9
10
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$35,929.02
35,929.02
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35,929.02
35,929.02
35,929.02
35,929.02
35,929.02
35,929.02
35,929.02
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7% discounted rate $33,578.53
31,381.80
29,328.78
27,410.08
25,616.90
23,941.02
22,374.79
20,911.02
19,543.01
18,264.49
