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