In accordance
with 5 CFR 1320, the information collection is approved for three
years.
Inventory as of this Action
Requested
Previously Approved
02/28/2023
36 Months From Approved
02/29/2020
710
0
765
5,538
0
5,978
0
0
0
The Commission's regulatory
jurisdiction over oil pipelines includes: (a)the regulation of
rates and practices of oil pipeline companies engaged in interstate
transportation; (b)the establishment of equal service conditions to
provide shippers with equal access to pipeline transportation; and
(c)the establishment of reasonable rates for transporting petroleum
and petroleum products by pipeline. Order No. 561 (issued
10/22/1993 in Docket No. RM93-11) revised the Commission’s
“regulations of oil pipelines in order to implement the
requirements of Title XVIII of the Energy Policy Act of 1992. The
revisions provide a simplified and generally applicable method for
regulating oil pipeline rates by use of an index for setting rate
ceilings for such rates. In certain circumstances, an oil pipeline
would be permitted to establish rates using a traditional cost of
service or other methods of ratemaking.” As discussed further in
Order No. 650 (issued 8/27/2004 in Docket RM93-11-002), “[a]mong
other things, Order No. 561 established a price cap for oil
pipeline rates, to be adjusted annually based upon changes in the
Producer Price Index for Finished Goods (published each May by the
U.S. Department of Labor, Bureau of Labor Statistics) minus one
percent (PPI-1). Order No. 561 recognized that its responsibilities
under the Interstate Commerce Act, to both shippers and pipelines,
required monitoring of the relationship between the change in the
selected index and the actual cost changes experienced by the
industry. Therefore, the Commission stated that it would review the
choice of index every 5 years. ” The filing requirements for oil
pipeline tariffs and rates under the FERC-550 data collection
provide the Commission with the information it needs to analyze the
rates, practices, and service conditions of oil pipelines. As a
result, the Commission can implement statutory directives for the
federal regulation of these carriers to determine whether the
proposed tariffs and rates are just and reasonable.
US Code:
49 USC
1 Name of Law: Interstate Commerce Act
The reporting requirements and
estimated average burden hours per response (or filing) have not
changed. While the number of filings fluctuates from year to year,
recent data on the actual number of filings is representative of
the number of filings for the next three years, as the Commission
received a record number of filings in 2018. The decrease in number
of respondents is due to an actual count of respondents. Thus, the
total number of responses has decreased and the total estimated
annual burden hours has also appropriately decreased due to actual
filings.
$1,341,560
No
No
No
No
No
No
Uncollected
Marie Hilton 202
502-8957
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:
(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.