Form 6Q Quarterly Financial Report

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Form 6
OMB Number:
1902-0022
Expires:
November 30, 2022
Estimated average burden
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161
Form 6-Q
OMB Number:
1902-0206
Expires:
November 30, 2022
Estimated average burden
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150

FERC FINANCIAL REPORT
FERC Form No. 6: Annual Report of Oil Pipeline Companies
Supplemental Form No. 6-Q: Quarterly Financial Report

These reports are mandatory under the Interstate Commerce Act, Sections 20 and 18 CFR Parts
357.2 and 357.4. Failure to report may result in criminal fines, civil penalties and other sanctions
as provided by law. The Federal Energy Regulatory Commission does not consider this report to
be of a confidential nature.

INSTRUCTIONS FOR FILING FERC FORMS 6 AND 6-Q
GENERAL INFORMATION
I.

Purpose

The FERC Form No. 6 is an annual regulatory reporting requirement (18 C.F.R. § 357.2). The
FERC Form No. 6-Q is a quarterly regulatory reporting requirement (18 C.F.R. § 357.4). These
reports are designed to collect both financial and operational informational from oil pipeline
companies subject to the jurisdiction of the Federal Energy Regulatory Commission. These
reports are also considered to be non-confidential public use forms.
II.

Who Must File
a. Each oil pipeline carrier whose annual jurisdictional operating revenues has been
$500,000 or more for each of the three previous calendar years must file FERC Form
No. 6 (18 C.F.R. § 357.2 (a)). Oil pipeline carriers submitting FERC Form No. 6 must
submit FERC Form No. 6-Q (18 C.F.R. § 357.4(a)). Newly established entities must
use projected data to determine whether FERC Form No. 6 must be filed.
b. Oil pipeline carriers exempt from filing FERC Form No. 6 whose annual
jurisdictional operating revenues have been more than $350,000 but less than
$500,000 for each of the three previous calendar years must prepare and file page
301, “Operating Revenue Accounts (Account 600),” and page 700, “Annual Cost of
Service Based Analysis Schedule,” of FERC Form No. 6. When submitting pages 301
and 700, each exempt oil pipeline carrier must include page 1 of the FERC Form No.
6, the Identification and Attestation schedule (18 C.F.R. § 357.2 (a)(2)).
c. Oil pipeline carriers exempt from filing FERC Form No. 6 and pages 301 and whose
annual jurisdictional operating revenues were $350,000 or less for each of the three
previous calendar years must prepare and file page 700, “Annual Cost of Service
Based Analysis Schedule,” of FERC Form No. 6. When submitting page 700, each
exempt oil pipeline carrier must include page 1 of FERC Form No. 6, the
Identification and Attestation schedule (18 C.F.R. § 357.2 (a)(3)).

III.

What and Where to Submit
a. Submit FERC Form Nos. 6 and 6-Q electronically through the eCollection portal at
https://eCollection.ferc.gov, and according to the specifications in the Form 6 and 6-Q
taxonomies.
b. The Corporate Officer Certification must be submitted electronically as part of FERC
Form Nos. 6 and 6-Q filings.
c. Check the appropriate box on page 2, List of Schedules, if the Annual Report to
Stockholders will be submitted, or if no Annual Report to Stockholders has been
prepared.

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d. Submit immediately upon publication, by either eFiling or mail, two (2) copies of the
latest Annual Report to Stockholders to the Secretary of the Commission at:
Secretary of the Commission
Federal Energy Regulatory Commission
888 First Street, NE
Washington, DC 20426
e. Filers are encouraged to file their Annual Report to Stockholders using eFiling at
http://www.ferc.gov/docs-filing/efiling.asp. Further instructions are found on the
Commission’s website at https://www.ferc.gov/ferc-online/ferc-online/frequentlyasked-questions-faqs-efilingferc-online.
f. Blank copies of FERC Form Nos. 6 and 6-Q are available free of charge from
https://www.ferc.gov/general-information-1/oil-industry-forms.
IV.

When to Submit

FERC Forms must be filed by the following schedule:
a. FERC Form No. 6 for each year ending December 31 must be filed by April 18th of
the following year (18 C.F.R. § 357.2), and
b. FERC Form No. 6-Q for each calendar quarter must be filed within 70 days after the
end of the reporting quarter (18 C.F.R. § 357.4).
V.

Where to Send Comments on Public Reporting Burden
a. The public reporting burden for the FERC Form No. 6 is estimated to average 161
hours per response, including the time for reviewing instructions, searching existing
data sources, gathering and maintaining the data needed, and completing and
reviewing the collection of information. The public reporting burden for the FERC
Form No. 6-Q is estimated to average 150 hours per response. Send comments
regarding these burden estimates or any aspect of these information collections,
including suggestions for reducing this burden, to the Federal Energy Regulatory
Commission, at [email protected], or to 888 First Street, NE, Washington
DC 20426 (Attention: Information Clearance Officer); and to the Office of
Information and Regulatory Affairs, Office of Management and Budget, Washington,
DC 20503 (Attention: Desk Officer for the Federal Energy Regulatory Commission).
For security reasons, comments should be sent by e-mail to OMB at
[email protected].
b. You shall not be penalized for failure to respond to this collection of information
unless the collection of information displays a valid OMB control number.

FERC FORM 6 & 6Q (ED. 02-22)

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GENERAL INSTRUCTIONS
I.

Prepare these reports in conformity with the Uniform System of Accounts (18 C.F.R. Part
352) (USofA). Interpret all accounting words and phrases in accordance with the USofA.

II.

Enter in whole numbers (dollars) only, except where otherwise noted. Enter cents for
averages where cents are important. The amounts shown on all supporting pages must
agree with the amounts entered on the statements that they support. When applying
thresholds to determine significance for reporting purposes, use for balance sheet
accounts the balances at the end of the current reporting period, and use for income
statement accounts the current year’s amounts. Quarterly reporting should be consistent
with the previous year’s reporting.

III.

Complete each question fully and accurately, even if it has been answered in a previous
period. Enter the word “None” where it truly and completely states the fact.

IV.

For any page(s) that is not applicable to the Filer, either enter the words “Not Applicable”
on the particular page(s), or omit the page(s) and enter “NA”, “None”, or “Not
Applicable” in column (d) on the List of Schedules, page 2.

V.

Enter the month, day, and year for all dates. Use customary abbreviations. The “Date of
Report” at the top of each page is applicable only to resubmissions.

VI.

Generally, except for certain schedules, all numbers, whether they are expected to be
debits or credits, must be reported in the positive. Numbers having a sign that is different
from the expected sign should be entered with a negative (-) sign.

VII.

For any resubmissions, please explain the reason for the resubmission in a footnote to the
data field.

VIII.

Do not make references to reports of previous periods or to other reports in lieu of
required entries, except as specifically authorized.

IX.

Whenever (schedule) pages refer to figures from a previous period the figures reported
must be based upon those shown by the report of the previous period or an appropriate
explanation given as to why different figures were used.

X.

Schedule specific instructions are found in the applicable taxonomy and on the applicable
blank rendered form.

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DEFINITIONS
I.

Active Corporation - A corporation which maintains an organization for operating
property or administering its financial affairs.

II.

Actually Issued - For the purposes of this report, capital stock and other securities are
considered to be actually issued when sold to a bona fide purchaser for a valuable
consideration, and such purchaser holds free from control by the respondent.

III.

Actually Outstanding - For the purposes of this report, capital stock and other securities
actually issued and not reacquired by or for the respondent.

IV.

Affiliated Companies - The situation where one company directly or indirectly controls
the other, or where they are subject to a common control.

V.

Carrier - A common carrier by pipeline subject to the Interstate Commerce Act.

VI.

Commission - Means the Federal Energy Regulatory Commission.

VII.

Control (including the terms “controlling,” “controlled by,” and “under common control
with”) –
a. The possession, directly or indirectly, of the power to direct or cause the direction of
the management and policies of a company, whether such power is exercised through
one or more intermediary companies, or alone, or in conjunction with, or pursuant to
an agreement. Also, it is necessary whether such power is established through a
majority or minority ownership or voting of securities, common directors, officers or
stockholders, voting trusts, holding trusts, associated companies, contract or any other
direct or indirect means. When there is doubt about an existence of control in any
particular situation, the carrier shall report all pertinent facts to the Commission for
determination. (18 C.F.R. Part 352, Definition 10.)
b. For the purposes of this report, the following are to be considered forms of control:
i.

Right through title to securities issued or assumed to exercise the major part of
the voting power in the controlled company;

ii.

Right through agreement of through sources other than title to securities to
name the majority of the board of directors, managers, or trustees of the
controlled company;

iii.

Right to foreclose a priority lien upon all or a major part in value of the
tangible property of the controlled company;

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iv.

Right to secure control in consequence of advances made for construction of
the property of the controlled company. Indirect control is that exercised
through an intermediary.

c. A leasehold interest in the property of a company is not for the purpose of these
accounts to be classed as a form of control over the lessor company.
VIII.

Crude Oil - Oil in its natural state (including natural gas and other similar natural
constituents), not altered, refined, or prepared for use by any process.

IX.

Inactive Corporation - A corporation which has been practically absorbed in a controlling
corporation, and which neither operates property nor administers its financial affairs; if it
maintains an organization it does so only for the purpose of complying with legal
requirements and maintaining title to property or franchises.

X.

Nominally Issued - For the purposes of this report, capital stock and other securities are
considered to be nominally issued when certificates are signed and sealed and placed
with the proper officer for sale and delivery or are pledged or otherwise placed in some
special fund of the respondent.

XI.

Nominally Outstanding - For the purposes of this report, those capital stock and other
securities reacquired by or for the respondent under such circumstances require them to
be considered held alive and not canceled or retired.

XII.

Products - Oils that have been refined, altered, or processed for use, such as fuel oil and
gasoline.

XIII.

Undivided Joint Interest Pipeline - Physical pipeline property owned in undivided joint
interest by more than one person/entity.

XIV. Undivided Joint Interest Property - Carrier property owned as part of an undivided joint
interest pipeline.

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EXCERPTS FROM THE LAW
Interstate Commerce Act, Part I
Section 20
(1)
The Commission is hereby authorized to require annual, periodical, or special reports
from carriers, lessors * * * (as defined in this section), to prescribe the manner and form in which
such reports shall be made, and to require from such carriers, lessors, * * * specific and full, true,
and correct answers to all questions upon which the Commission may deem information to be
necessary, classify such carriers, lessors, * * * as it may deem proper for any of these purposes.
Such annual reports shall give an account of the affairs of the carrier, lessor, * * * in such form
and detail as may be prescribed by the Commission.
(2)
Said annual reports shall contain all the required information for the period of twelve
months ending on the 31st day of December in each year, unless the Commission shall specify a
different date, and shall be made out under oath and filed with the Commission at its office in
Washington within three months after the close of the year for which report is made, unless
additional time be granted in any case by the Commission.

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GENERAL PENALTIES
Section 20
(7)(b) Any person who shall knowingly and willfully make, cause to be made, or participate in
the making of any false entry in any annual or other report required under this section to be filed,
* * * or shall knowingly or willfully file with the Commission any false report, or other
document, shall be deemed guilty of a misdemeanor and shall be subject, upon conviction in any
court of the United States of competent jurisdiction to a fine of not more than five thousand
dollars or imprisonment for not more than two years, or both such fine and imprisonment * * *
(7)(c) Any carrier or lessor, or any officer, agent, employee, or representative thereof, who shall
fail to make and file an annual or other report with the Commission within the time fixed by the
Commission, or to make specific and full true and correct answer to any question within thirty
days from the time it is lawfully required by the Commission to do so, shall forfeit to the United
States the sum of one hundred dollars for each and every day it shall continue to be in default
with respect hereto.

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