[Federal Register Volume 63, Number 175 (Thursday, September 10, 1998)]
[Notices]
[Page 48485]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-24211]
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DEPARTMENT OF ENERGY
Federal Energy Regulatory Commission
[IC98-73-001 FERC Form No. 73]
Proposed Information Collection and Request for Comments
September 3, 1998.
AGENCY: Federal Energy Regulatory Commission.
ACTION: Notice of submission for review by the Office of Management and
Budget and request for comments.
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SUMMARY: The Federal Energy Regulatory Commission (Commission) has
submitted the information collection listed in this notice to the
Office of Management and Budget (OMB) for review under provisions of
Section 3507 of the Paperwork Reduction Act of 1995 (Pub. L. No. 104-
13). Any interested person may file comments on the information
collection directly with OMB and should address a copy of those
comments to the Commission as explained below. The Commission did not
receive any comments in response to an earlier notice issued June 19,
1998 and published in the Federal Register on June 25, 1998 (63 FR
34638).
DATES: Comments regarding this collection of information are best
assured of having their full effect if received on or before October
13, 1998.
ADDRESSES: Address comments to the Office of Management and Budget,
Office of Information and Regulatory Affairs, Attention: Federal Energy
Regulatory Commission, Desk Officer, 725 17th Street, N.W. Washington,
D.C. 20503. A copy of the comments should also be sent to the Federal
Energy Regulatory Commission, Office of the Chief Information Officer,
Attention: Mr. Michael Miller, 888 First Street N.E., Washington, D.C.
20426.
FOR FURTHER INFORMATION CONTACT: Michael Miller may be reached by
telephone at (202) 208-1415, by fax at (202) 273-0873, and by e-mail at
michael.miller@ferc.fed.us.
SUPPLEMENTARY INFORMATION:
Description
1. Collection of Information: FERC Form No. 73 ``Oil Pipelines
Service Life Data''
2. Sponsor: Federal Energy Regulatory Commission
3. Control No.: OMB No. 1902-0019. The Commission is now requesting
that OMB approve a three-year extension of the current expiration date,
with no changes to the existing collection. This is a mandatory
information collection requirement.
4. Necessity of Collection of Information: Submission of the
information is used by the Commission to implement the statutory
provisions of Sections 306 and 402 of the Department of Energy
Organization Act 42 U.S.C. 7155 and 7172, and Executive Order No.
12009, 42 FR 46277 (September 13, 1977). From these statutory sections
the Commission assumed jurisdictional responsibility for oil pipelines
from the Interstate Commerce Act, 49 U.S.C. 6501, et al. As part of the
information necessary for the subsequent investigation and review of
the oil pipeline company's proposed depreciation rates, the pipeline
companies are required to provide service life data as part of their
data submission if the proposed depreciation rates are based on
remaining physical life calculations. This service life data is
collected and submitted on FERC Form No. 73.
Data submitted by an oil pipeline company during an investigation
may be either initial data or it may be an update to existing data
already on file. These data are then used by the Commission as input to
several computer programs known collectively as the Depreciation Life
Analysis System (DLAS) to assist in the selection of appropriate
service lives and book depreciation rates.
Book depreciation rates are used by oil pipeline companies to
compute the depreciation portion of their operating expense which is a
component of their cost of service which in turn is used to determine
the transportation rate to assess customers. Staff's recommended book
depreciation rates become legally binding when issued in an order by
the Commission. These rates remain in effect until a subsequent review
is requested and the outcome indicates that a modification is
justified. The Commission implements these filing requirements in the
Code of Federal Regulations (CFR) under 18 CFR Parts 347 and 357.
5. Respondent Description: The respondent universe currently
comprises on average, 5 respondents subject to the Commission's
jurisdiction.
6. Estimated Burden: 200 total burden hours, 5 respondents, 1
response annually, 40 hours per response (average).
7. Estimated Cost Burden to Respondents: 200 hours 2,088
hours per year times $109,889 per year equals $10,525. The cost per
respondent is equal to $2,105.
Statutory Authority: 49 U.S.C. 6501.
Linwood A. Watson, Jr.,
Acting Secretary.
[FR Doc. 98-24211 Filed 9-9-98; 8:45 am]
BILLING CODE 6717-01-M
