In accordance
with 5 CFR 1320, OMB is filing comment and withholding approval at
this time. The agency shall examine public comment in response to
the proposed rulemaking and will include in the supporting
statement of the next ICR--to be submitted to OMB at the final rule
stage--a description of how the agency has responded to any public
comments on the ICR, including comments on maximizing the practical
utility of the collection and minimizing the burden.
Inventory as of this Action
Requested
Previously Approved
09/30/2019
36 Months From Approved
11/30/2019
525
0
525
78,750
0
78,750
0
0
0
NOPR in RM19-12. The Commission is
proposing to transition from the current use of the Visual FoxPro
software, which is no longer supported by its developer, to a type
of Extensible Markup Language (XML) called eXtensible Business
Reporting Language (XBRL). The XBRL standard would be used to file
the Commission’s Form Nos. 1, 1-F, 2, 2-A, 3-Q electric, 3-Q
natural gas, 6, 6-Q, 60, and 714. The use of XBRL should make the
information in these forms easier for filers and data users to
analyze and assist in automating regulatory filings and business
information processing. In addition, the Commission believes that
transitioning from the current Visual FoxPro system to XBRL will
decrease the costs, over time, of preparing the necessary data for
submission and complying with future changes to filing requirements
set forth by the Commission. The Commission is also proposing to
revise its regulations to require filers of Form No. 1-F to file
their report in electronic media pursuant to 18 CFR 385.2011.
FERC-6Q, in general. 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
company’s past performance and its future prospects. Without
reliable financial statements (prepared in accordance with the
Commission’s 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.
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.