U.S. Code of Federal Regulations

Regulations most recently checked for updates: Feb 10, 2026

All TitlesTitle 46Chapter IIIPart 404 - PART 404—GREAT LAKES PILOTAGE RATEMAKING
§ 404.1 - General ratemaking provisions.
§ 404.2 - Procedure and criteria for recognizing association expenses.
§§ 404.3-404.99 - §[Reserved]
§ 404.100 - Ratemaking and annual reviews in general.
§ 404.101 - Ratemaking step 1: Recognize previous operating expenses.
§ 404.102 - Ratemaking step 2: Project operating expenses, adjusting for inflation or deflation.
§ 404.103 - Ratemaking step 3: Estimate number of registered pilots and apprentice pilots.
§ 404.104 - Ratemaking step 4: Determine target pilot compensation benchmark and apprentice pilot wage benchmark.
§ 404.105 - Ratemaking step 5: Project working capital fund.
§ 404.106 - Ratemaking step 6: Project needed revenue.
§ 404.107 - Ratemaking step 7: Calculate initial base rates.
§ 404.108 - Ratemaking step 8: Calculate average weighting factors by Area.
§ 404.109 - Ratemaking step 9: Calculate revised base rates.
§ 404.110 - Ratemaking step 10: Review and finalize rates.
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