RM00-6-000 (Order No. 616) reinstates
regulations to establish procedures for FERC to make determinations
under Natural Gas Policy Act Section 503. A determination by FERC
enables produc- ers of natural gas to claim credits for high cost
as provided for by Section 29 of the Internal Revenue Code. The
10th Circuit Court held in a recent decision that a formal section
503 deter- minations is required to obtain the Section 29 tax
credit.
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.