Abstract: Provides for the regulation of tank facilities, terminal facilities, and truck unloading facilities as they relate to petroleum transportation.

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Present law provides definitions relative to common carriers.

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Proposed law amends the definitions of "common carrier" and "pipe line" to clarify that petroleum transportation business and tank facilities must be necessary or integral to the pipe line transportation function, and to exclude from the definition of "pipe line" certain terminal and unloading facilities.

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Present law requires the Public Service Commission to establish and enforce rates and regulations for certain common carriers, including tank facilities and petroleum transportation.

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Proposed law specifies that the Public Service Commission is only required to regulate tank facilities that are integral to the pipe line transportation function and not certain terminal facilities and truck unloading facilities related to petroleum transportation.

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Proposed law provides for prospective and retrospective application of proposed law.