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

Forms and Documents

Document Name	Status
Form FERC Form 6-Q. FERC Form No. 6-Q, Quarterly Financial Report of Oil Pipeline Companies Form and Instruction	Modified
FINAL IC13-10-000(FERC Form 6-Q)-supp statementb.docx Supporting Statement A	2013-04-29
CFR-2012-title18-vol1-sec357-4.pdf Supplementary Document	2013-04-29

IC Document Collections

IC ID	Document Title	Status
23251	FERC Form No. 6-Q, Quarterly Financial Report of Oil Pipeline Companies Form and Instruction	Modified

ICR Details

OMB Control No: 1902-0206	ICR Reference No: 201304-1902-002
Status: Historical Active	Previous ICR Reference No: 201004-1902-010
Agency/Subagency: FERC	Agency Tracking No: FERC Form 6-Q
Title: FERC Form No. 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: 06/28/2013
	Date Received in OIRA: 04/29/2013
Terms of Clearance: In accordance with 5 CFR 1320, the information collection is approved for three years.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	06/30/2016	36 Months From Approved	06/30/2013
Responses	474	0	426
Time Burden (Hours)	71,100	0	63,900
Cost Burden (Dollars)	0	0	4,235,931

---

Abstract: The Interstate Commerce Act (ICA) authorizes the Commission to make investigations, collect, and record data in order to carry out certain necessary and useful provisions. The information collected under the requirements of the FERC Form No. 6-Q provide the Commission the ability to implement the statutory provisions of the ICA including the authority to prescribe rules, regulations concerning accounts, records, memoranda as necessary. The ICA also allows the Commission to prescribe a system of accounts for jurisdictional companies and (after notice) an opportunity for hearing can determine the accounts in which particular outlays and receipts can be entered, charged, or credited. The financial accounting and reporting provides needed information concerning a FERC Form No. 6-Q (1902-0206) company's past performance and its future prospects. Without reliable financial statements (prepared in accordance with the Commission's Uniform Systems of Accounts), the Commission would be unable to accurately determine the costs that related to a particular time period, service, or line of business. Additionally, it would be more difficult for the Commission to determine if a certain entity was previously provided the opportunity to recover its costs via rates or to compare how the financial performance of one regulated entity relates to another. The FERC Form No. 6-Q assists the Commission in overseeing and policing the regulated oil pipeline markets to assist in enforcing the ICA.

---

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

Citations for New Statutory Requirements: None

---

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

---

Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	78 FR 8500	02/06/2013
30-day Notice:	Federal Register Citation:	Citation Date:
	78 FR 24187	04/24/2013
Did the Agency receive public comments on this ICR? No

---

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

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

---

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	474	426	0	0	48	0
Annual Time Burden (Hours)	71,100	63,900	0	0	7,200	0
Annual Cost Burden (Dollars)	0	4,235,931	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 reporting burden is due to the increase in the number of filers completing the FERC Form No. 6-Q. The number of filers is constantly in flux because there are new market entrants and those leaving the market or consolidation of market participants. The number of FERC Form No. 6-Q filers increased from 142 to 158 since the last OMB approval of this collection. With the clearance package, the cost to industry is displayed using the unit of burden hours. In accordance with the ROCIS HOW TO Guide for Agency Users of the Information Collection Request (ICR) Module, users should not report as a dollar cost any burden reported in hours. Therefore, Commission staff corrected the industry's annual cost burden within the ROCIS metadata to show that the Commission associates no cost to capital investment or other non-labor costs. The Commission estimates the monetary cost related to the burden hours in #12. This was done erroneously in previous FERC Form No. 6-Q supporting statements. Commission staff corrected the error within the current proposed clearance package, which is why the above table shows a removal of $4,235,931 in annual cost burden.

---

Annual Cost to Federal Government: $75,159

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]? No

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

Is this ICR related to the Pandemic Response? Uncollected

---

Common Form ICR:  No

---

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: 04/29/2013

---