In accordance with 5 CFR 1320, the information collection is approved for three years.
Inventory as of this Action
Requested
Previously Approved
08/31/2023
36 Months From Approved
08/31/2020
32
0
3
1,280
0
120
0
0
0
The Commission has authority over interstate oil pipelines as stated in the Interstate Commerce Act, 49 USC 60502, et. al. As part of the information necessary for the subsequent investigation and review of an oil pipeline company's proposed deprecation rates, the pipeline companies are required to provide service life data as part of their data submissions if the proposed depreciation rates are based on the remaining physical life calculations. The information collected is used by the Commission to establish oil pipeline depreciation rates based on the physical properties of a pipeline's equipment. Depreciation rates are a factor in a pipeline's transportation cost of service. As such, companies are required to submit FERC Form No. 73 when requesting Commission approval of: (1) the establishment of depreciation rates for new pipeline equipment or (2) revision of previously approved depreciation rates, when the depreciation is based on the physical properties of the pipeline company's assets. The Commission may also request an oil pipeline company to submit a FERC Form No. 73 filing during a depreciation rate investigation.
The total estimated annual cost burden appears to have increased significantly since the last iteration of the FERC Form No. 73 form renewal process. In the past, staff had merely accounted for the number of filings that had titles that directly reflected depreciation rate changes. However, upon further review, members of the staff believe that the number of filings should also account for filings of depreciation studies (in accordance with 18 CFR 347.1) that also contain depreciate rate changes for the purposes of this information collection. Thus, the number has increased over the last three years simply to reflect a more accurate estimation by Commission staff.
$171,923
No
No
No
No
No
No
No
Michael Ji 202 502-8191
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.
FERC-73 30-day notice-published.pdf
18CFR347.1.docx
Oil Pipeline Service Life Data