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

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form 6Q FERC Form No. 6-Q, Quarterly Financial Report of Oil Pipeline Companies	Form and Instruction	Modified	Available
FERC Form 6Q supporting statement.docx	Supporting Statement A	Uploaded 2016-06-15	Available
Interstate Commerce Act.pdf	Supplementary Document	Uploaded 2016-06-14	Available
FERC-6Q 30-day notice.pdf	Supplementary Document	Uploaded 2016-06-14	Available
FERC-6Q 60-day notice.pdf	Supplementary Document	Uploaded 2016-06-14	Available
18 CFR 357.4.pdf	Supplementary Document	Uploaded 2016-06-14	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
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: 201512-1902-004
Status: Historical Active	Previous ICR Reference No: 201304-1902-002
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 without change	Conclusion Date: 09/14/2016
	Date Received in OIRA: 06/15/2016
Terms of Clearance: In accordance with 5 CFR 1320, the information collection is approved for three years.

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/2019	36 Months From Approved	09/30/2016
Responses	525	0	474
Time Burden (Hours)	78,750	0	71,100
Cost Burden (Dollars)	0	0	0

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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 from oil pipeline companies 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) and opportunity for hearing to 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 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.

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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:
	81 FR 19166	04/04/2016
30-day Notice:	Federal Register Citation:	Citation Date:
	81 FR 38696	06/14/2016
Did the Agency receive public comments on this ICR? No

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

table that charts list of burden

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

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ICR Summary of Burden

table that charts list 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	525	474	0	0	51	0
Annual Time Burden (Hours)	78,750	71,100	0	0	7,650	0
Annual Cost Burden (Dollars)	0	0	0	0	0	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 158 to 175 since the last OMB approval of this collection.

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Annual Cost to Federal Government: $79,938

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

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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: 06/15/2016

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