The information collected under FERC-550 is used by FERC to implement statutory provisions of Part, section 1, 6, and 15 of the Interstate Commerce Act (ICA) (Pub.L. 337, 34 Stat. 384). The filing requirements provide the basis for analysis of all rates, fares, from charges whatsoever demanded, charged or collected by any common carrier or carriers in connection with the transportation of crude oil and petroleum products and are used by FERC to establish a basis for determining the just and
reasonable rates that should be charged by the regulated pipeline company.
US Code:
49 USC 1
Name of Law: Interstate Commerce Act
The estimate for the burden is based on recent Commission experience and the actual number of filings made under FERC-550 over the past 12 months. The burden of these collections has decreased slightly due to the actual number of filings received (572) were less than previously estimated (600). The cost per staff employee has increased resulting in a higher total annualized cost than previously reported.
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.