Order 656 - Final Rule re Revision of FERC Form 73, Oil Pipeline Data Filing Instructions under RM05-14.

111 FERC * 61,284 UNITED STATES OF AMERICA FEDERAL ENERGY REGULATORY COMMISSION 18 CFR Parts 347 & 357 (Docket No. RM05-14-000; Order No. 656) Revision of FERC Form No. 73, Oil Pipeline Data Filing Instructions (Issued May 27, 2005) AGENCY: Federal Energy Regulatory Commission. ACTION: Final Rule. SUMMARY: The Federal Energy Regulatory Commission (Commission) is amending the FERC Form No. 73, Oil Pipeline Service Life Data to allow for filing in an Excel spreadsheet, eliminate the filing requirement for utility codes, which are no longer used by the Commission, and update the filing instructions to delete references to outdated filing formats. These modifications resulted from a review conducted by the Commissions FERC Information Assessment Team (FIAT) of the Commissions current reporting and information collection requirements to evaluate their original purposes and current uses and to propose ways to reduce the reporting burden on industry through the elimination, reduction, streamlining or reformatting of current collections. The information collected on FERC Form No. 73 assists the Commission in the selection of appropriate oil pipeline service lives and book depreciation rates. Some oil pipeline companies use the book depreciation rates to compute their operating expenses for accounting and cost of service purposes. EFFECTIVE DATE: The rule will become effective [insert date 60 days after publication in the FEDERAL REGISTER]. FOR FURTHER INFORMATION CONTACT: Edward J. Fowlkes (Technical Information) Federal Energy Regulatory Commission 888 First Street, N.E. Washington, DC 20426 (202) 502-8772 Joseph C. Athey (Technical Information) Federal Energy Regulatory Commission 888 First Street, N.E. Washington, DC 20426 (202) 502-8138 Andrew L. Lyon (Legal Information) Federal Energy Regulatory Commission 888 First Street, N.E. Washington, DC 20426 (202) 502-8637 SUPPLEMENTARY INFORMATION: UNITED STATES OF AMERICA FEDERAL ENERGY REGULATORY COMMISSION Before Commissioners: Pat Wood, III, Chairman; Nora Mead Brownell, Joseph T. Kelliher, and Suedeen G. Kelly. Revision of FERC Form No. 73, Docket No. RM05-14-000 Oil Pipeline Data Filing Instructions ORDER NO. 656 FINAL RULE (Issued May 27, 2005) Introduction 1. The Federal Energy Regulatory Commission (Commission or FERC) is revising the "FERC Form No. 73, Oil Pipeline Service Life Data" which is used to collect service life depreciation data from oil pipeline companies. The revised format for FERC Form No. 73 will not be printed in the Federal Register or the Code of Federal Regulations. A copy of the revised form, including all instructions to the form, is available for request and review at the Public Reference Room during normal business hours (8:30 a.m. to 5:00 p.m. Eastern Time), Room 2A, 888 First Street N.E., Washington, D.C. 20426, (202) 502...