[Federal Register Volume 67, Number 28 (Monday, February 11, 2002)]
[Notices]
[Pages 6244-6245]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-3207]


-----------------------------------------------------------------------

DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

[Docket No. IC01-73-001 FERC Form No. 73]


Information Collection Submitted for Review and Request for 
Comments

February 4, 2002.
AGENCY: Federal Energy Regulatory Commission.

ACTION: Notice of submission for review by the Office of Management and 
Budget (OMB) and request for comments.

-----------------------------------------------------------------------

SUMMARY: The Federal Energy Regulatory Commission (Commission) has 
submitted the energy 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 collection of 
information directly with OMB and should address a copy of those 
comments to the Commission as explained below. The Commission received 
comments from a single entity who supported the continued use of this 
information collection. These comments were in response to an earlier 
Federal Register notice of September 28, 2001 (66 FR.49654). The 
Commission has acknowledged these comments in its submission to OMB.

DATES: Comments regarding this collection of information are best 
assured of having their full effect if received within 30 days of this 
notification.

ADDRESSES: Address comments to Office of Management and Budget, Office 
of Information and Regulatory Affairs, Attention: Federal Energy 
Regulatory

[[Page 6245]]

Commission, Desk Officer, 725 17th Street, NW. Washington, DC 20503. 
The Desk Officer may also be reached at (202)395-7318 or by fax at 
(202)395-7285. A copy of the comments should also be sent to Federal 
Energy Regulatory Commission, Office of the Chief Information Officer, 
Attention: Mr. Michael Miller, 888 First Street NE., Washington, DC 
20426.

FOR FURTHER INFORMATION CONTACT: Mr. Miller may be reached by telephone 
at (202)208-1415, by fax at (202)208-2425, and by e-mail at 
[email protected].

SUPPLEMENTARY INFORMATION:

Description

    The energy information collection submitted to OMB for review 
contains:
    1. Collection of Information: FERC Form 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, 
without any changes to the existing collection. There is a decrease in 
the reporting burden due to an adjustment in the number of entities who 
are now subject to the Commission's jurisdiction and as a result must 
submit this report. This is a mandatory information collection 
requirement.
    4. Necessity of Collection of Information: Submission of the 
information is necessary to enable the Commission to carry out its 
responsibilities in implementing the provisions of the Department of 
Energy Organization Act and the Interstate Commerce Act. Jurisdiction 
over oil pipelines, as it relates to the establishment of rates or 
charges for the transportation of oil by pipeline was transferred from 
the Interstate Commerce Commission to the Commission (FERC), pursuant 
to Sections 306 and 402 of the Department of Energy Organization Act 
(DOE Act). The Commission has authority over interstate oil pipelines 
as stated in the Interstate Commerce Act, Sec. 6501 et. al. 49 U.S.C. A 
submission for new or changed depreciation rates is initiated by the 
oil pipeline company. As part of the information necessary for the 
subsequent investigation and review of the oil pipeline company's 
proposed depreciation rate, the pipeline companies are required to 
provide service life data as part of 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 73. The 
data is 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. 
Commission 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.
    5. Respondent Description: The respondent universe currently 
comprises on average, 2 oil pipeline companies subject to the 
Commission's jurisdiction.
    6. Estimated Burden: 80 total burden hours, 2 respondents, 1 
response on occasion, 40 hours per response (average).
    7. Estimated Cost Burden to Respondents: 80 hours  2,080 
hours per year  x  $117,041 per year = $ 4,502 average cost per 
respondent = $2,251.

    Statutory Authority:  Sections 306 and 402 of the DOE Act, 
Sec. 7155 and 7172, 42 U.S.C.; the ICC Act Sec. 6501 et. al. 49 
U.S.C. and Executive Order No. 12009, 42 FR 46277 (September 13, 
1977).

Magalie R. Salas,
Secretary.
[FR Doc. 02-3207 Filed 2-8-02; 8:45 am]
BILLING CODE 6717-01-P