46 CFR § 404.105 - Ratemaking step 5: Project needed revenue.

---
identifier: "/us/cfr/t46/s404.105"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "46 CFR § 404.105 - Ratemaking step 5: Project needed revenue."
title_number: 46
title_name: "Shipping"
section_number: "404.105"
section_name: "Ratemaking step 5: Project needed revenue."
chapter_name: "COAST GUARD (GREAT LAKES PILOTAGE), DEPARTMENT OF HOMELAND SECURITY"
part_number: "404"
part_name: "GREAT LAKES PILOTAGE RATEMAKING"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "46 U.S.C. 2103, 2104(a), 9303, 9304; DHS Delegation No. 00170.1, Revision No. 01.4."
regulatory_source: "USCG-2015-0497, 81 FR 11941, Mar. 7, 2016, unless otherwise noted."
cfr_part: "404"
---


# 404.105 Ratemaking step 5: Project needed revenue.

The Director calculates each pilotage association's base projected needed revenue by adding the projected adjusted operating expenses from § 404.102 (step 2) and the total target pilot compensation from § 404.104 (step 4).

[USCG-2025-0252, 91 FR 7148, Feb. 17, 2026]