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 pipelines 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 companys
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.