FERC Form 73 collects oil pipeline service life data. The information collected is used by the Commission to establish oil pipeline depreciation rates based on the physical properties of a pipelineÂs equipment. Depreciation rates are a factor in a pipelines transportation cost of service. As such, companies are required to submit FERC Form 73 when requesting Commission approval of: (1) the establishment of depreciation rates for new pipeline equipment or (2) revision of previously approved depreciation rates, when the depreciation is based on the physical properties of the pipeline companyÂs equipment. The Commission may also request an oil pipeline company to submit a FERC Form 73 filing during a depreciation rate investigation.
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.