FERC Form No. 6-Q, Quarterly Report of Oil Pipeline Companies
Revision of a currently approved collection
No
Regular
07/07/2026
Requested
Previously Approved
12/31/2028
12/31/2028
720
741
78,480
111,150
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 companyâs past performance and its future prospects. Without reliable financial statements (prepared in accordance with the Commissionâs 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.
The Commission proposes to clarify that small oil pipeline companies with annual jurisdictional operating revenues of less than $500,000 and that do not file an annual FERC Form No. 6 are exempt from reporting FERC Form No. 6-Q. This proposed clarification would confirm that the second and third reporting tiers do not file FERC Form No. 6-Q. In addition, the Commission conducted a comprehensive review of the information collected in FERC Form No. 6-Q and proposes to delete three schedules from that form. In this NOPR, the Commission seeks comment on whether the data reported on the indicated schedules is helpful to the public and, if so, how this data is used. The Commission also seeks comment on whether there may be a better way for the public to access the data rather than through the quarterly financial forms. The Commission also proposes to update the general filing instructions and certain schedule instructions to reflect current reporting requirements and correct discrepancies.
This proposed rule would reduce the number of required schedules that need to be completed by oil pipeline companies by removing 3 of 11 schedules with an estimated 27% reduction in burden per respondent. It would also clarify that oil pipelines with annual jurisdictional operating revenues below $500,000 are exempt from filing the quarterly form, which the Commission estimates would decrease the number of respondents by 7, which results in a decrease of 21 responses.
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.