FERC Form 6, Annual Report of Oil Pipeline Companies
Extension without change of a currently approved collection
No
Regular
04/08/2022
Requested
Previously Approved
36 Months From Approved
11/30/2022
262
244
42,182
39,284
0
0
The Commission uses the FERC Form Nos. 6 and 6-Q to gather firm specific information for oil pipeline companies.
Data from FERC Form No. 6 facilitates the calculation of the actual rate of return on equity for oil pipelines. The actual rate of return on equity is particularly useful information when evaluating a pipelineâs rates. Additionally, the Commission uses data on page 301 of FERC Form No. 6 to compute annual charges which are then assessed against oil pipeline companies to recover the Commission's annual costs as mandated by Order No. 472.
US Code:
49 USC 60502
Name of Law: Federal Energy Regulatory Commission
US Code:
42 USC 7172
Name of Law: Department of Energy Organization Act
PL:
Pub.L. 103 - 272 60101
Name of Law: Public Law 103-272 103rd Congress
The increase of 18 responses (from 244 to 262) for the FERC Form No. 6 due to normal fluctuations in the industry (e.g., companies merging, splitting, entering in to and exiting the industry).
There are no program changes or changes to the reporting or recordkeeping requirements. However, since the transition to XBRL has been completed the costs of developing and implementing new processes are no longer applicable, thus those costs have been removed.
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.