Because the agency sought comments only on the changes associated with the policy statement, the existing expiration date remains the same for this collection. In accordance with 5 CFR 1320, the information collection is approved.
table that charts list comparision
Inventory as of this Action
Requested
Previously Approved
07/31/2026
36 Months From Approved
07/31/2026
803
0
796
6,403
0
6,298
0
0
0
The Commission's regulatory jurisdiction over oil pipelines includes:
⢠the regulation of rates and practices of oil pipeline companies engaged in interstate transportation;
⢠the establishment of equal service conditions to provide shippers with equal access to pipeline transportation; and
⢠the establishment of reasonable rates for transporting petroleum and petroleum products by pipeline.
The filing requirements for oil pipeline tariffs and rates under the FERC-550 data collection provide the Commission with the information it needs to analyze the rates, practices, and service conditions of oil pipelines. As a result, the Commission can implement statutory directives for the federal regulation of these carriers. Major statutory and rate-making milestones in the Commissionâs regulation of oil pipelines rates (âHistorical Background of Oil Pipeline Ratemakingâ) are included in reginfo.gov and ROCIS under âSupplementary Documentsâ and posted at https://www.ferc.gov/federal-statutes.
In the final policy statement, PL24-1-000, the Commission is clarifying that the cost data (submitted via the FERC-550) should include project-wide labor wages and include union and non-union wages. The Commission clarified it will look to applicable collective-bargaining agreements or Project Labor Agreements as an appropriate default source of project-area wage standards because collectively bargained wages reflect actual wage and fringe benefit rates paid to the project workforce. Collective-bargaining agreements reflect the actual labor cost that should be include in oil pipeline cost-of-service rate filings and depreciation studies, including future retirement costs.
US Code:
49 USC 1
Name of Law: Interstate Commerce Act
There is an increase in both burden and responses due to the final policy statement PL24-1-000, which will require filers to submit information on project area wages, if they choose to seek new or revised rates. Specifically, responses are increasing by 7 and burden hours are increasing by 105 hours.
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.
Final_FERC-550 Supporting Statement_PL24-1.docx
Final Policy Statement_PL24-1-000.pdf
Historical Background of Oil Pipeline Ratemaking.doc
Project Area Labor Wages