FERC Form 6-Q, Quarterly Financial Report of Oil Pipeline Companies

Forms and Documents

Document Name	Status
Form FERC Form 6-Q FERC Form 6-Q, Quarterly Financial Report of Oil Pipeline Companies Form and Instruction	Modified
rev5_27_102eb6_and_6QSupState.doc Supporting Statement A	2010-06-01
form-6__4_2010.pdf Supplementary Document	2010-04-27
6_6QFR2_1_2010.pdf Supplementary Document	2010-04-27
6_6Q__FR4_26_2010__2010-9529.pdf Supplementary Document	2010-04-27

IC Document Collections

IC ID	Document Title	Status
23251	FERC Form 6-Q, Quarterly Financial Report of Oil Pipeline Companies Form and Instruction	Modified

ICR Details

OMB Control No: 1902-0206	ICR Reference No: 201004-1902-010
Status: Historical Active	Previous ICR Reference No: 200704-1902-006
Agency/Subagency: FERC	Agency Tracking No: FERC Form 6-Q
Title: FERC Form 6-Q, Quarterly Financial Report of Oil Pipeline Companies
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 06/09/2010
	Date Received in OIRA: 04/27/2010
Terms of Clearance: In accordance with 5 CFR 1320, the information collection is approved for 3 years. Upon resubmission, it is suggested the agency update burden estimates.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	06/30/2013	36 Months From Approved	07/31/2010
Responses	426	0	414
Time Burden (Hours)	63,900	0	62,100
Cost Burden (Dollars)	4,235,931	0	0

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Abstract: Under the Interstate Commerce Act (ICA), (49 U.S.C. §§ 1, 20, 54 Stat. 916) [Section 20 at Attachment B], the Commission is authorized and empowered to make investigations and to collect and record data to the extent the Commission may consider to be necessary or useful for the purpose of carrying out the provisions of the Interstate Commerce Act (ICA). The information collected under the requirements of the FERC Form Nos. 6 and 6-Q are used by the Commission to carry out its responsibilities in implementing the statutory provisions of the ICA including the authority to prescribe rules and regulations concerning accounts, records and memoranda as necessary or appropriate. The Commission may prescribe a system of accounts for jurisdictional companies and, after notice and opportunity for hearing may determine the accounts in which particular outlays and receipts will be entered, charged or credited. Financial accounting and reporting provides needed information concerning a company’s past performance and its future prospects. Without reliable financial statements prepared in accordance with the Commission’s Uniform System of Accounts and related regulations, the Commission would be unable to accurately determine the costs that relate to a particular time period, service or line of business. Additionally, it would be difficult to determine whether a given entity has previously been given the opportunity to recover its costs through rates, or to compare how the financial performance and results of the operations of one regulated entity relates to another. The FERC Form Nos. 6 and 6-Q also assist the Commission in overseeing and policing the regulated oil pipeline markets to assist in enforcing the ICA.

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Authorizing Statute(s): US Code: 49 USC Sections 1, 20, 54 Name of Law: Interstate Commerce Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	75 FR 5061	02/01/2010
30-day Notice:	Federal Register Citation:	Citation Date:
	75 FR 21623	04/26/2010
Did the Agency receive public comments on this ICR? Yes

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
FERC Form 6-Q, Quarterly Financial Report of Oil Pipeline Companies	FERC Form 6-Q	FERC Form 6-Q, Quarterly Financial Report of Oil Pipeline Companies

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ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	426	414	0	0	12	0
Annual Time Burden (Hours)	63,900	62,100	0	0	1,800	0
Annual Cost Burden (Dollars)	4,235,931	0	0	0	4,235,931	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The reason for the change in the reporting burden is the revised and more accurate allocation of hours amongst the three reporting tiers/levels of Form No. 6, and a change in the number of filers completing the entire Form No. 6 and the Form No. 6-Q. The number of Form 6Q respondents increased from 138 to 142 (the 142 respondents who also respond to a complete Form 6); the total burden similarly changed. The cost to industry was not include in OMB's ROCIS system previously and is included here.

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Annual Cost to Federal Government: $70,465

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 04/27/2010

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