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 Commissionâs âregulations 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.â As discussed further in Order No. 650 (issued 8/27/2004 in Docket RM93-11-002), â[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. â
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.