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

ICR 202202-1902-010

OMB: 1902-0206

Federal Form Document

Forms and Documents
Document
Name
Status
Form and Instruction
Modified
Supplementary Document
2022-04-08
Supplementary Document
2022-04-08
Supplementary Document
2022-04-07
Supporting Statement A
2022-04-05
Supplementary Document
2022-04-05
Supplementary Document
2022-03-29
Supplementary Document
2022-03-29
Supplementary Document
2016-06-14
IC Document Collections
ICR Details
1902-0206 202202-1902-010
Received in OIRA 201905-1902-003
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 04/08/2022
  Requested Previously Approved
36 Months From Approved 11/30/2022
786 732
117,900 109,800
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
   US Code: 42 USC 701
   PL: Pub.L. 103 - 272 60101 Name of Law: Public Law 103-272 103rd Congress
  
None

Not associated with rulemaking

  86 FR 67052 11/24/2021
87 FR 20838 04/08/2022
Yes

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

  Total Request 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 786 732 0 0 54 0
Annual Time Burden (Hours) 117,900 109,800 0 0 8,100 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The increase of 54 responses (from 732 to 786) for the FERC Form No. 6-Q is 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.

$87,341
No
    No
    No
No
No
No
No
Christopher Kozler 734 239-3294 [email protected]

  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.
04/08/2022


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