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

ICR 201905-1902-003

OMB: 1902-0206

Federal Form Document

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Supplementary Document
2019-07-10
Supplementary Document
2019-07-03
Supporting Statement A
2019-07-03
Supplementary Document
2019-06-04
Supplementary Document
2019-06-04
Supplementary Document
2019-05-16
Supplementary Document
2019-05-16
Supplementary Document
2016-06-14
IC Document Collections
ICR Details
1902-0206 201905-1902-003
Active 201512-1902-004
FERC FERC Form 6-Q
FERC Form No. 6-Q, Quarterly Report of Oil Pipeline Companies
Extension without change of a currently approved collection   No
Regular
Approved without change 11/18/2019
Retrieve Notice of Action (NOA) 07/10/2019
In accordance with 5 CFR 1320, the information collection is approved for three years.
  Inventory as of this Action Requested Previously Approved
11/30/2022 36 Months From Approved 11/30/2019
732 0 525
109,800 0 78,750
0 0 0

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.

US Code: 49 USC Sections 1, 20, 54 Name of Law: Interstate Commerce Act
  
None

Not associated with rulemaking

  84 FR 15213 04/15/2019
84 FR 32913 07/10/2019
Yes

1
IC Title Form No. Form Name
FERC Form No. 6-Q, Quarterly Report of Oil Pipeline Companies 6Q Quarterly Financial Report

  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 732 525 0 0 207 0
Annual Time Burden (Hours) 109,800 78,750 0 0 31,050 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
Program Changes. There are no program changes or changes to the reporting or recordkeeping requirements Adjustments in Estimates. The increase of to 244 respondents is due to normal fluctuations in the industry (e.g., companies merging, splitting, entering into and exiting the industry).

$87,341
No
    No
    No
No
No
No
Uncollected
John Collins 202 502-8981

  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.
07/10/2019


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