Revision of FERC Form No. 73, Oil Pipeline Data Filing Instructions, 34343-34348 [05-11550]
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Federal Register / Vol. 70, No. 113 / Tuesday, June 14, 2005 / Rules and Regulations
34343
plant trust funds. This clarification does
not change existing law or policy. It
substantially reduces a reporting
requirement and reduces the reporting
burden on the electric industry.
Accordingly, this rule is effective 30
days following publication in the
Federal Register.
and any excess jurisdictional amounts
have been returned to ratepayers in a
manner that the Commission
determines. The public utility need not
include these records in the financial
report that it furnishes to the
Commission by March 31 of each year.
*
*
*
*
*
Andrew L. Lyon (Legal Information),
Federal Energy Regulatory Commission,
888 First Street, NE., Washington, DC
20426, (202) 502–8637.
SUPPLEMENTARY INFORMATION:
Congressional Notification
20. The Commission has determined,
with the concurrence of the
Administrator, Office of Information
and Regulatory Affairs of the Office of
Management and Budget, that this rule
is not a ‘‘major rule’’ within the
meaning of section 251 of the Small
Business Regulatory Enforcement
Fairness Act of 1996.13 The Commission
will submit this Final Rule to both
houses of Congress and the General
Accounting Office.14
[FR Doc. 05–11532 Filed 6–13–05; 8:45 am]
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.1 This
final rule will 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references to outdated filing formats.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 Commission’s
FERC Information Assessment Team
(FIAT) of the Commission’s current
reporting and information collections 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 Commission’s
objectives in issuing this rule are to
reduce the reporting burden on oil
pipeline companies and to make it
easier for the Commission to process the
data used in the analysis of oil pipeline
depreciation rates and service lives.
List of Subjects in 18 CFR Part 35
Electric power rates, Electric utilities,
Reporting and recordkeeping
requirements.
By the Commission.
Linda Mitry,
Deputy Secretary.
In consideration of the foregoing, the
Commission amends Part 35, Chapter I,
Title 18, Code of Federal Regulations, as
follows:
I
PART 35—FILING OF RATE
SCHEDULES AND TARIFFS
1.The authority citation for Part 35
continues to read as follows:
I
Authority: 16 U.S.C. 791a–825r, 2601–
2645; 31 U.S.C. 9701; 42 U.S.C. 7101–7352.
2. Section 35.33 is amended by
revising paragraph (d)(2) and adding
paragraph (d)(4) to read as follows:
I
§ 35.33
Specific provisions.
*
*
*
*
*
(d) * * *
(2) Activity of the Fund during the
period, including amounts received
from the utility, a summary amount for
purchases of fund investments and a
summary amount for sales of fund
investments, gains and losses from
investment activity, disbursements from
the Fund for decommissioning activity
and payment of Fund expenses,
including taxes; and
*
*
*
*
*
(4) Public utilities owning nuclear
plants must maintain records of
individual purchase and sales
transactions until after
decommissioning has been completed
13 5
14 5
U.S.C. 804(2).
U.S.C. 801(a)(1)(A).
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BILLING CODE 6717–01–U
DEPARTMENT OF ENERGY
Federal Energy Regulatory
Commission
18 CFR Parts 347 and 357
[Docket No. RM05–14–000; Order No. 656]
Revision of FERC Form No. 73, Oil
Pipeline Data Filing Instructions
Issued May 27, 2005.
Federal Energy Regulatory
Commission, DOE.
ACTION: Final rule.
AGENCY:
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 Commission’s FERC
Information Assessment Team (FIAT) of
the Commission’s 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.
DATES: Effective: The rule will become
effective August 15, 2005.
FOR FURTHER INFORMATION CONTACT:
Edward J. Fowlkes (Technical
Information), Federal Energy Regulatory
Commission, 888 First Street, NE.,
Washington, DC 20426, (202) 502–8772.
Joseph C. Athey (Technical
Information), Federal Energy Regulatory
Commission, 888 First Street, NE.,
Washington, DC 20426, (202) 502–8138.
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Before Commissioners: Pat Wood, III,
Chairman; Nora Mead Brownell, Joseph T.
Kelliher, and Suedeen G. Kelly.
Background
2. Commission jurisdiction over oil
pipelines was transferred from the
Interstate Commerce Commission (ICC)
pursuant to sections 305 and 402 of the
Department of Energy Organization Act
(DOE Act) 2 and Executive Order No.
12,009.3 The scope of this Commission’s
jurisdiction over oil pipelines includes
the authority to regulate their rates and
charges for the transportation of oil in
interstate commerce, and the authority
to establish valuations. Section 705(a) of
the DOE Act provides that the rules and
regulations relating to functions
transferred to this Commission will
continue in effect until modified by the
Commission. Commission regulations
1 The revised format for FERC Form No. 73 will
not be printed in the Federal Register or the Code
of Federal Regualtions. 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 p.m. Eastern Time), Room 2A, 888 First Street
NE., Washington, DC 20426, (202) 502–8371.
2 42 U.S.C. 7155 nad 7172 (2000).
3 Providing for the Effectuation of the Department
of Energy Organization Act, 42 FR 46267 (Sept. 13,
1977).
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governing oil pipeline depreciation
accounting for carrier property are set
forth in the General Instructions to Title
18 CFR Part 352.4
3. Oil pipeline companies are
required to submit depreciation
information to the Commission
pursuant to 1–8(b)(2) and 1–8(b)(3) of
the General Instructions found at 18
CFR Part 352. These instructions require
oil pipeline carriers to compute
percentage rate studies for their
depreciable property accounts, and to
maintain records as to the service life
and net salvage value of their property
and property retirements.
4. The Commission uses the
information reported via FERC Form
No. 73 to conduct depreciation rate
investigations of oil pipelines. The
Commission also uses the information
to determine appropriate oil pipeline
service lives and book depreciation
rates.5 Oil pipeline companies use book
depreciation rates to compute the
depreciation portion of their operating
expenses when determining their cost of
service.
5. This rule eliminates certain data
currently collected from oil pipeline
companies by modifying the Filing
Instructions to conform to modern data
automation formats and oil pipeline
identification protocols. The changes
associated with FERC Form No. 73 will
reduce the amount of time required by
Commission Staff to process the data
and reduce the reporting burden on
affected pipelines.
Discussion
6. The current Filing Instructions
request that pipelines submit all data on
magnetic computer tape. The revised
Filing Instructions eliminate this
outdated electronic format. The
Commission has eliminated all
references to magnetic tape from the
filing instructions. In addition, the
Commission has added an option to
provide FERC Form No. 73 data using
an Excel spreadsheet format.
7. The Commission has reduced the
Filing Instructions from 20 to 14 pages
primarily as a result of the removal of
the magnetic tape filing requirements. In
addition, the Commission has revised
the definitions code sequences for the
A1 and S1 Schedule’s definitions and
reformatted the sample layouts for
Schedules A1 and S1 to make them
clearer and easier to read. Lastly, the
Commission has updated the Filing
Instruction’s address for submitting
completed Form 73’s.
8. The Commission is eliminating the
requirement to submit utility codes.
These codes were used in an analytical
model previously used.
Information Collection Statement
9. Office of Management and Budget
(OMB) regulations require OMB to
approve certain information collection
requirements imposed by agency rule.6
The Commission solicits comments on
the Commission’s need for this
information, whether the information
will have practical utility, the accuracy
of provided burden estimates, ways to
enhance the quality, utility and clarity
of the information to be collected, and
any suggested methods for minimizing
respondents’ burden, including the use
of automated information techniques.
Estimated Annual Burden
10. The Commission estimates that,
on average, it will take respondents 40
hours per response and that
approximately two percent of current oil
pipelines would experience a change in
status justifying a new depreciation
schedule in any given year.
11. The estimate contained in the
Final Rule for the time necessary to
comply with the reporting requirement
is an average. While such a submission
may take more than 40 hours in some
cases, we believe that in most instances
compliance will take less time.
Data collection
Number of
respondents
Number of
hours/response
Number of responses/respondent
Total annual
hours
FERC Form 73 ................................................................................................
2
40
2
80
As a result of changes in the Final
Rule, we anticipate a burden hour
reduction of 30 percent.
Title: Oil Pipeline Data for
Depreciation Analysis.
Action: Amend filing instruction
requirements.
OMB Control No. 1902–0019.
Respondents: Businesses or other for
profit.
Frequency of Responses: On occasion.
Necessity of Information: To satisfy
the reporting requirement, the
Commission expects respondents to
submit a transmittal letter including a
description of the oil pipeline facilities’
change in status and a narrative
explaining whether (and, if so how) this
change in status reflects a departure
from the characteristics relied upon by
the Commission in originally granting
oil pipeline companies depreciation
schedule changes. This information
4 Uniform
System of Accounts Prescribed for Oil
Pipeline Companies Subject to the Provisions of the
Interstate Commerce Act.
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assists the Commission in its
determination of appropriate oil
pipeline service lives and book
depreciation rates.
Internal review: The Commission has
reviewed the proposed amendment to
its regulations to establish a reporting
obligation for changes in status of oil
pipeline facilities and has determined
that these regulations are necessary to
ensure the accurate calculation of oil
pipeline service lives and book
depreciation rates. These regulations
conform to the Commission’s plan for
efficient information collection,
communication, and management
within the oil pipeline industry. The
Commission has assured itself, by
means of internal review, that there is
specific, objective support for the
burden estimates associated with the
information/data retention
requirements.
5 The definitions for ‘‘depreciation’’ and ‘‘service
life’’ are set forth in 18 CFR Part 352.
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12. Interested persons may obtain
information on the reporting
requirements by contacting: Federal
Energy Regulatory Commission, 888
First Street, NE., Washington, DC 20426,
Attention: Michael Miller, Office of the
Executive Director, phone: (202) 502–
8415, fax: (202) 273–0873, e-mail:
michael.miller@ferc.gov. Comments on
the proposed requirements of the
subject rule may also be sent to the
Office of Information and Regulatory
Affairs, Office of Management and
Budget, Washington, DC 20503,
Attention: Desk Office for the Federal
Energy Regulatory Commission, phone:
(202) 395–4650.
Environmental Analysis
13. The Commission is required to
prepare an Environmental Assessment
or an Environmental Impact Statement
for any action that may have a
65
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significant adverse effect on the human
environment.7 The Commission has
categorically excluded certain actions
from this requirement as not having a
significant effect on the human
environment. Included in the exclusion
are rules that are clarifying, corrective,
or procedural or that do not
substantially change the effect of the
regulations being amended.8 This final
rule is procedural in nature and
therefore falls under this exception;
consequently, no environmental
assessment has been prepared for this
rulemaking.
Regulatory Flexibility Act
14. The Regulatory Flexibility Act of
1980 (RFA) 9 generally requires a
description and analysis of final rules
that will have significant economic
impact on a substantial number of small
entities. The Commission is not
required to make such analyses if a rule
would not have such an effect.
15. The Commission concludes that
the final rule would not have such an
impact on small entities. Based on past
experience, most of the oil pipelines
having changes in status that would
likely trigger a filing under the amended
regulations would be entities that do not
meet the RFA’s definition of a small
entity.10 Therefore, the Commission
certifies that this final rule will not have
a significant economic impact on a
substantial number of small entities.
Document Availability
16. In addition to publishing the full
text of this document in the Federal
Register, the Commission provides all
interested persons an opportunity to
view and print the contents of this
document via the Internet through the
Commission’s Home Page (https://
www.ferc.gov) and in the Commission’s
Public Reference Room during normal
business hours (8:30 a.m. to 5 p.m.
eastern time) at 888 First Street, NE.,
Room 2A, Washington, DC 20426.
7 Regulations
Implementing the National
Environmental Policy Act, 52 FR 47897 (Dec. 17,
1987), Order No. 486, FERC Stats. & Regs. ¶ 30,783
(1987).
8 18 CFR 380.4(a)(2)(ii).
9 5 U.S.C. 601–612 (2000).
10 The RFA definition of ‘‘small entity’’ refers to
the definition provided in the Small Business Act,
which defines a ‘‘small business concern’’ as a
business that is independently owned and operated
and that is not dominant in its field of operation.
15 U.S.C. 632 (2000). The Small Business Size
Standards component of the North American
Industry Classification System defines a small
pipeline for the transportation of crude oil or
refined petroleum products as one that, including
its affiliates, for the preceding fiscal year had fewer
than 1,500 employees per entity. 13 CFR 121.201
(Section 486, Utilities, North American Industry
Classification System, NAICS) (2004).
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17. From the Commission’s Home
Page on the Internet, this information is
available in eLibrary. The full text of
this document is available in eLibrary
both in PDF and Microsoft Word format
for viewing, printing, and/or
downloading. To access this document
in eLibrary, type the docket number
excluding the last three digits of this
document in the docket number field.
18. User assistance is available for
eLibrary and the Commission’s Web site
during our normal business hours. For
assistance contact FERC Online Support
at FERCOnlineSupport@ferc.gov or tollfree at (866) 208–3676, or for TTY,
contact (202) 502–8659. E-mail the
Public Reference Room at
public.referenceroom@ferc.gov or 202–
502–8371.
Administrative Findings and Effective
Date
19. The Administrative Procedure Act
(APA) 11 requires rulemakings to be
published in the Federal Register. The
APA also mandates that an opportunity
for comment be provided when an
agency promulgates regulations.
However, notice and comment are not
required under the APA when the
agency for good cause finds that notice
and public procedure thereon are
impracticable, unnecessary, or contrary
to the public interest.12 The
Commission finds that notice and
comment are unnecessary to this
rulemaking. As explained above, the
Commission is merely clarifying the
scope of its regulations regarding the
reporting of information on oil pipeline
facility service life. This clarification
does not change existing law or policy.
It merely interprets an existing
regulation in order to reduce a filing
requirement thereby reducing the
reporting burden on the oil pipeline
industry. Accordingly, this rule is
effective August 15, 2005.
Congressional Notification
20. The Commission has determined,
with the concurrence of the
Administrator, Office of Information
and Regulatory Affairs of the Office of
Management and Budget, that this rule
is not a ‘‘major rule’’ within the
meaning of section 251 of the Small
Business Regulatory Enforcement
Fairness Act of 1996.13 The Commission
will submit this Final Rule to both
houses of Congress and the General
Accounting Office.14
PO 00000
11 5
U.S.C. 551–559 (2000).
U.S.C. 553b(B) (2000).
13 5 U.S.C. 804(2) (2000).
14 5 U.S.C. 801(a)(1)(A) (2000).
12 5
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34345
21. These regulations are effective
August 15, 2005.
List of Subjects in 18 CFR Parts 347 and
357
Oil pipeline depreciation studies,
Data for depreciation studies.
By the Commission.
Linda Mitry,
Deputy Secretary.
[Note: This Appendix will not appear in the
Code of Federal Regulations.]
Appendix
Form Approved
OMB No. 1920–0019
(Expires 03/31/05)
Instructions for Filing FERC Form No. 73—
Oil Pipeline Service Life Data
The term ‘‘Federal Energy Regulatory
Commission (FERC)’’ refers to the FERC or its
predecessor the Federal Power Commission
(FPC).
Federal Energy Regulatory Commission,
Washington, DC 20426 (Form approved:
OMB No. 1902–0019, expires 03/31/05).
FERC Form No. 73 Table of Contents
General Information
General Instructions
Schedule A1—Specific Instructions
—Sample Schedule A1
—Definitions
Schedule S1—Specific Instructions
—Sample Schedule S1
—Definitions
Appendix—Transaction Codes
Instructions for Filing Service Life Data—
General Information
I. Purpose
During an investigation of an oil pipeline
company’s book depreciation rates, the
Commission requests service life data as a
part of its data request. This service life data,
which may be initial data or an update to
previously existing data, is collected on
FERC Form No. 73. The information
collected on FERC Form No. 73 is used as an
input to assist the Commission in the
selection of appropriate oil pipeline company
service lives and book depreciation rates.
II. Who Must File
Any oil pipeline company who is directed
by the Commission to file service life data
during an investigation of the
appropriateness of its book depreciation
rates.
III. When To Submit
Service life data is reported to the
Commission by an oil pipeline company only
during a depreciation rate investigation.
IV. What To Submit
The Form No. 73 requires that actuarial or
simulation service life data be set forth in a
standardized format.
1. If you are not submitting this report in
an electronic media format, submit an
original and three (3) copies of this report.
An Excel spreadsheet is an acceptable format.
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2. Upon request of the Commission, the
company must submit such additional
supporting and clarifying data and
information as may be specified.
V. Where To Submit
1. Submit this report to: Office of the
Secretary, Federal Energy Regulatory
Commission, 888 First Street, NE.,
Washington, DC 20426.
2. Hand deliveries can be made to: Office
of the Secretary, Federal Energy Regulatory
Commission, Room 1A, 888 First Street, NE.,
Washington, DC 20426.
General Instructions
1. Each reporting company may file either
actuarial or simulation service life data. If a
respondent chooses to file actuarial data,
Schedule A1 would be filed. If a respondent
chooses to file simulation data, Schedule S1
would be filed. The first or initial filing of
service life data by a pipeline company with
the Federal Energy Regulatory Commission
(whether simulation data or actuarial data)
should begin with the first year of company
operations or 1940 whichever is later.
Subsequent filings of service life data by a
respondent pipeline company may contain
the transaction data only from the year of the
last report to the present.
2. Report all dollar items rounded to the
nearest dollar. Commas, decimal points, and
special characters should not be used.
3. The ‘‘Account Number’’ as used in this
Form No. 73 consists of the three digit
account number specified in the Uniform
System of Accounts with a suffix of ‘‘P’’ for
Product Lines, ‘‘C’’ for Crude Lines, or some
other character, specified by the Commission,
to designate a system or division of the
respondent company. Thus, an account
number for purposes of filing the Form No.
73 consists of four characters, three digits
followed by one alphabetic character.
The Commission may provide additional
special instructions for filing the Form No. 73
requesting a respondent to report service life
data in greater detail than specified in the
Uniform System of Accounts. In such
instances, the respondent will add a one
letter suffix, specified by the Commission, to
the account number.
• For example, a respondent may be asked
to report for its Product Line ‘‘Vehicles and
Other Work Equipment’’, Account 165, by
‘‘Vehicles’’, with an account designator,
‘‘165PV’’, and ‘‘Other Work Equipment’’,
with an account designator, ‘‘165PE’’.
Sources for Codes Used
1. Uniform System of Accounts for Oil
Pipeline Companies—See Part 352—Uniform
System of Accounts Prescribed for Oil
Pipeline Companies, Chapter 1—Federal
Energy Regulatory Commission, Title 18,
‘‘Code of Federal Regulations’’.
2. Transaction Codes—Transaction Codes
are listed in the Appendix.
Specific Instructions
Service Life Data (Actuarial) Schedule A1
This schedule is sequenced by Account
Number. A new page is started when a
change in account occurs and the account
name and account number is displayed as the
top line in the body of the report.
Data for actuarial analysis of property
accounts 102–186 is reported by vintage year
from the date of initial operations to the
present date. All activity (additions,
retirements, transfers, and balances) is
reported by Installation Year, Transaction
Year, Transaction Code, and Ledger Value.
Number of units, gross salvage, and cost of
removal should be included where
applicable.
Extreme care should be exercised in
assigning Transaction Codes to each
transaction in order that the analysis of data
will produce meaningful results.
Every vintage year must begin with a
Transaction Code ‘‘00’’, ‘‘11’’, ‘‘12’’, ‘‘13’’,
‘‘30’’, or ‘‘51’’. An entry will be made for each
year following the vintage year in which
some activity occurred for this account, (e.g.,
addition, retirement, etc.) listing the
appropriate Transaction Code for the activity.
Every vintage year must terminate with a
Transaction Balance Code, ‘‘99’’.
In reporting Installation Year, Transaction
Year, and Corrected Transaction Year, no
date prior to 1940 is acceptable. For a
respondent’s initial report, a 1940 transaction
year, ‘‘00’’ Transaction Code, may be used to
report the net balance of property in service
as of December 31, 1939. If a respondent
commenced operations after 1940, in the
initial filing of the Form No. 73, the
respondent should report a Transaction Code
‘‘00’’ for the net balance of property in
service as December 31 of the year preceding
the year of commencement of operations. For
a respondent’s Update Report, each vintage
will begin with an initial balance,
Transaction Code ‘‘00’’, which should
correspond to the ending balance, Balance
Code ‘‘99’’, reported on the previous filing of
the Form No. 73.
Installation Year, Transaction Year,
Transaction Code, and Ledger Value must be
reported for each transition. Unreported
fields should be left blank.
Negative numbers must not be used except
when ‘‘Corrected Transaction Year’’ field is
used. If the ‘‘Corrected Transaction Year’’
field is used, Units, Ledger Value, Gross
Salvage Value, and Cost of Removal may be
negative as necessary to make corrections.
SCHEDULE A1.—SERVICE LIFE DATA
(a) Pipeline Company Name: xxxxxxxxxxx
(b) Schedule A1
(c) Page xxx
(d) From January 1, xxxx (e) to December 31, xxxx
(f) Account Number: xxxx
Installation
Year
Transaction
Year
(h)
xxxx
(g) Account Name: xxxxxxxxxxxxxxx
Transaction
Code
Number of
Units
Ledger
Value
Gross
Salvage
Cost of
Removal
(i)
Corrected
Transaction
Year
(j)
(k)
(l)
(m)
(n)
(o)
xxxx
xxxx
xx
xxxxxxxx
xxxxxxxx
x xxxx
xxxxxxxx
DEFINITIONS OF ITEMS CONTAINED ON SCHEDULE A1
Schedule
reference
Item name
Definition—Description
..............
..............
..............
..............
Pipeline Company Name
Schedule ID ....................
Page Number .................
Start Date .......................
(e) ..............
End Date .........................
(f) ...............
FERC Account Number ..
(g) ..............
FERC Account Name .....
Name of pipeline filing report.
Form Number A1.
Sequential page numbers as needed.
The beginning year for the service life data reported. The year will be reported as a four digit number
and will be 1940 or later.
The ending year for the service life data being reported. The year will be reported as a four digit number.
Uniform System of Accounts number associated with the service life data reported on this page with
appropriate suffix as specified in the general instructions.
Uniform System of Accounts name associated with the service life data reported on this page.
(a)
(b)
(c)
(d)
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34347
DEFINITIONS OF ITEMS CONTAINED ON SCHEDULE A1—Continued
Schedule
reference
Item name
Definition—Description
(h) ..............
(i) ...............
Installation Year ..............
Transaction Year ............
(j) ...............
Corrected Transaction
Year.
(k) ..............
(l) ...............
(m) .............
(n) ..............
Transaction Code ...........
Number of Units ..............
Ledger Value ..................
Gross Salvage ................
(o) ..............
Cost of Removal .............
The year the property was first placed in service by the reporting carrier.
The year of the particular transaction being recorded by this entry; must be equal to or greater than
the installation year.
For corrections of previous entries only. The year of the correction is the transaction year. This field is
the year that is being corrected. Appropriate corrections (+ or ¥) are recorded in the units, ledger
value, gross salvage, and cost of removal fields to properly correct the erroneous entry. Transaction
Codes must be the same as the entry corrected.
The type of transaction being recorded. (See Transaction Codes in the Appendix).
Number of physical units associated with a transaction.
Ledger value of property involved in a transaction.
The actual dollars of salvage recovered upon retirement or disposition of an asset, including insurance
proceeds.
Total cost to dispose of property and to restore environment as required.
Specific Instructions
Service Life Data (Simulation) Schedule S1
This schedule is sequenced by Account
Number. A new page is started when a
change in account occurs and the account
name and account number is displayed as the
top line in the body of the report.
Data for Simulated Plant Record (SPR)
analysis of oil pipeline property accounts
102–186 is reported for each year from the
date of initial operation to the present date
using the appropriate ‘‘Transaction Codes’’.
Extreme care should be exercised in
assigning Transaction Codes to each
transaction in order that the analysis of data
will produce meaningful results.
In reporting activity for each account, a
Transaction Year, Transaction Code and a
Ledger Value must be reported for each
transaction activity. A Transaction Year prior
to 1940 is not acceptable. For a respondent’s
initial report, a 1940 Transaction Year, ‘‘00’’
Transaction Code, may be used to report the
net balance of property in service as of
December 31, 1939. If a respondent
commenced operations after 1940, in the
initial filing of the Form No. 73, the
respondent should report a Transaction Code
‘‘00’’ for the balance of property in service as
December 31 of the year preceding the year
of commencement of operations. For
respondent’s initial report with a Transaction
Year later than 1940, the net balance of
property in service should be as of December
31 of the preceding year. For a respondent’s
Update Report, each account will begin with
an initial balance, Transaction Code ‘‘00’’,
which should correspond to the ending
balance, Transaction Code ‘‘99’’, reported on
the previous filing of the Form No. 73.
Each account must have a transaction year
with a Transaction Code, ‘‘99’’, which must
equal the balance in the FERC Form No. 6,
Annual Report of Oil Pipeline Companies.
Negative numbers should not be used in
any field. Each Transaction Year must have
an applicable transaction installation code or
transaction retirement code.
SCHEDULE S1.—SERVICE LIFE DATA
(a) Pipeline Company Name: xxxxxxxxxxxxx
(b) Schedule S1
(c) Page xxxx
(d) From January 1, xxxx to (e) December 31, xxxx
(f) Account Number: xxxx
(g) Account Name: xxxxxxxxxxxxxxxxxxxxxxxxx
Transaction Year
(h)
Transaction Code
(i)
Ledger Value
(j)
xxxx
xx
xxxxxxxxxxxx
DEFINITIONS OF ITEMS CONTAINED ON SCHEDULE S1
Schedule
reference
Item name
Definition—description
..............
..............
..............
..............
Pipeline Company Name
Schedule ID ....................
Page Number .................
Start Date .......................
(e) ..............
End Date .........................
(f) ...............
FERC Account Number ..
(g) ..............
(h) ..............
FERC Account Name .....
Transaction Year ............
(i) ...............
(j) ...............
Transaction Code ...........
Ledger Value ..................
Name of pipeline filing report.
Form Number S1
Sequential page numbers as needed.
The beginning year for the service life data reported. The year will be reported, as a four digit number
and will be 1940 or later.
The ending year for the service life data being reported. The year will be reported as a four digit number.
Uniform System of Accounts number associated with the service life data reported on this page with
appropriate suffix as specified in the general instructions.
Uniform System of Accounts name associated with the service life data reported on this page.
The year of the particular transaction being recorded by this entry; must be equal to or greater than
the installation year.
The type of transaction being recorded. (See Transaction Codes in the Appendix).
Ledger value of property involved in a transaction.
(a)
(b)
(c)
(d)
Appendix
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34348
Federal Register / Vol. 70, No. 113 / Tuesday, June 14, 2005 / Rules and Regulations
DEFINITION—THIS ITEM IDENTIFIES THE ACCEPTABLE TRANSACTION CODES WHICH ARE REPORTED FOR EACH
TRANSACTION
Transaction
code
Transaction title
Transaction type—Description
00 .............
Initial Balance ...............
11 .............
New ...............................
Installation—net balance of property in service as of December 31 of the year prior to the start date
(See Definition of Items for Schedule S1 or A1).
Installation—placement of property in service. These codes distinguish the condition of the property
when it is added. A vintage year must begin with one of the following codes: 00, 11, 12, 13, 30 or 51.
12 .............
13 .............
30 .............
Second Hand.
Reconditioned ...............
(See code 65).
Acquisition ....................
51 .............
Transfer In ....................
52 .............
Transfer Out .................
61 .............
Regular .........................
62 .............
Reimbursed ..................
63 .............
Sale ...............................
64 .............
Outlier ...........................
65 .............
Reconditioned ...............
81 .............
+ Adjustment .................
82 .............
99 .............
¥Adjustment.
Balance .........................
Installation—property acquired from another operation carrier to be continued in the same or similar type
of service. Acquisitions may occur as the result of mergers, consolidations, pooling of interests, or
purchase of another company or portion thereof.
Transfer resulting in an increase of investment in an account with a concurrent decrease in another depreciable account with the company or an affiliated company. Opposite of a Transfer Out.
Transfer—the removal of property from a depreciable account and concurrent reassignment of that property to another account in the company or an affiliated company. The reason for a Transfer Out may
be a reclassification or a change in operations. No salvage entries are allowed for this code.
Retirement—all retirements which occur in the course of normal operations for any cause other than
those listed herein.
Retirement—a retirement of property for which the company is compensated fully at the time of retirement through insurance or by public authority as a result of negotiations.
Retirement—a retirement in which ‘‘going concern’’ property is sold for reuse to another organization for
continuation of service. Sales at the end of life or because the property is no longer useful for normal
transportation purposes are Regular Retirements (Code 61).
Retirement—a retirement which reflects a highly improbable occurrence should be classified as an
outlier if the situation under which the retirement occurred can be documented as being exceptionally
unusual.
Retirement—retirement for the purpose of reconditioning the asset for further transportation service
when the reconditioning is performed by the company or an affiliated company. The property is reentered into service coded 13 (Reconditioned).
Adjustment—adjustment codes should be used only with FERC approval. Entries to correct past errors
or omissions are not considered to be adjustments and should be corrected by use of the ‘‘Corrected
Transaction Year’’ field.
Balance—balance in service as of December 31 of the End Date (See Definitions of Items for Schedule
A1 or S1). No salvage entries are permitted for this code.
[FR Doc. 05–11550 Filed 6–13–05; 8:45 am]
BILLING CODE 6717–01–P
DEPARTMENT OF THE TREASURY
31 CFR Part 50
RIN 1505–AB09
Terrorism Risk Insurance Program:
Additional Claims Issues; Insurer
Affiliates
Departmental Offices, Treasury.
Final rule.
AGENCY:
ACTION:
SUMMARY: The Department of the
Treasury (Treasury) is issuing this final
rule as part of its implementation of title
I of the Terrorism Risk Insurance Act of
2002 (Act). The Act established a
temporary Terrorism Insurance Program
(Program) under which the Federal
Government will share the risk of
insured loss from certified acts of
terrorism with commercial property and
casualty insurers until the Program ends
on December 31, 2005. This final rule
clarifies that, for purposes of calculating
direct earned premium and insurer
VerDate jul<14>2003
19:17 Jun 13, 2005
Jkt 205001
deductibles and meeting the
requirements for claiming the Federal
share of compensation for insured losses
for any Program Year, an insurer’s
affiliates will be determined based on
the insurer’s circumstances as of the
date of occurrence of the act of terrorism
that is the first act of terrorism certified
by the Secretary for that Program Year.
DATES: This final rule is effective July
14, 2005.
FOR FURTHER INFORMATION CONTACT:
Howard Leikin, Senior Insurance
Advisor, or David Brummond, Legal
Counsel, Terrorism Risk Insurance
Program, (202) 622–6770 (not a toll-free
number).
SUPPLEMENTARY INFORMATION:
I. Background
On November 26, 2002, the President
signed into law the Terrorism Risk
Insurance Act of 2002 (Pub. L. 107–297,
116 Stat. 2322). The Act was effective
immediately. The Act’s purposes are to
address market disruptions, ensure the
continued widespread availability and
affordability of commercial property
and casualty insurance for terrorism
PO 00000
Frm 00046
Fmt 4700
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risk, and to allow for a transition period
for the private markets to stabilize and
build capacity while preserving state
insurance regulation and consumer
protections. Title I of the Act establishes
a temporary Federal program of shared
public and private compensation for
insured commercial property and
casualty losses resulting from an act of
terrorism, which as defined in the Act
is certified by the Secretary of the
Treasury, in concurrence with the
Secretary of State and the Attorney
General. The Act authorizes Treasury to
administer and implement the
Terrorism Risk Insurance Program, and
to issue regulations and procedures. The
Program provides a Federal reinsurance
backstop for three years. The Program
ends on December 31, 2005. Thereafter,
the Act provides Treasury with certain
continuing authority to take actions as
necessary to ensure payment,
recoupment, adjustments of
compensation, and reimbursement for
insured losses arising out of any act of
terrorism (as defined under the Act)
occurring during the period between
E:\FR\FM\14JNR1.SGM
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]]>Agencies
[Federal Register Volume 70, Number 113 (Tuesday, June 14, 2005)]
[Rules and Regulations]
[Pages 34343-34348]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 05-11550]
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DEPARTMENT OF ENERGY
Federal Energy Regulatory Commission
18 CFR Parts 347 and 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, DOE.
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
Commission's FERC Information Assessment Team (FIAT) of the
Commission's 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.
DATES: Effective: The rule will become effective August 15, 2005.
FOR FURTHER INFORMATION CONTACT: Edward J. Fowlkes (Technical
Information), Federal Energy Regulatory Commission, 888 First Street,
NE., Washington, DC 20426, (202) 502-8772.
Joseph C. Athey (Technical Information), Federal Energy Regulatory
Commission, 888 First Street, NE., Washington, DC 20426, (202) 502-
8138.
Andrew L. Lyon (Legal Information), Federal Energy Regulatory
Commission, 888 First Street, NE., Washington, DC 20426, (202) 502-
8637.
SUPPLEMENTARY INFORMATION:
Before Commissioners: Pat Wood, III, Chairman; Nora Mead Brownell,
Joseph T. Kelliher, and Suedeen G. Kelly.
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.\1\ This final rule will 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 Commission's FERC
Information Assessment Team (FIAT) of the Commission's current
reporting and information collections 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 Commission's objectives in
issuing this rule are to reduce the reporting burden on oil pipeline
companies and to make it easier for the Commission to process the data
used in the analysis of oil pipeline depreciation rates and service
lives.
---------------------------------------------------------------------------
\1\ The revised format for FERC Form No. 73 will not be printed
in the Federal Register or the Code of Federal Regualtions. 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 p.m. Eastern Time), Room 2A,
888 First Street NE., Washington, DC 20426, (202) 502-8371.
---------------------------------------------------------------------------
Background
2. Commission jurisdiction over oil pipelines was transferred from
the Interstate Commerce Commission (ICC) pursuant to sections 305 and
402 of the Department of Energy Organization Act (DOE Act) \2\ and
Executive Order No. 12,009.\3\ The scope of this Commission's
jurisdiction over oil pipelines includes the authority to regulate
their rates and charges for the transportation of oil in interstate
commerce, and the authority to establish valuations. Section 705(a) of
the DOE Act provides that the rules and regulations relating to
functions transferred to this Commission will continue in effect until
modified by the Commission. Commission regulations
[[Page 34344]]
governing oil pipeline depreciation accounting for carrier property are
set forth in the General Instructions to Title 18 CFR Part 352.\4\
---------------------------------------------------------------------------
\2\ 42 U.S.C. 7155 nad 7172 (2000).
\3\ Providing for the Effectuation of the Department of Energy
Organization Act, 42 FR 46267 (Sept. 13, 1977).
\4\ Uniform System of Accounts Prescribed for Oil Pipeline
Companies Subject to the Provisions of the Interstate Commerce Act.
---------------------------------------------------------------------------
3. Oil pipeline companies are required to submit depreciation
information to the Commission pursuant to 1-8(b)(2) and 1-8(b)(3) of
the General Instructions found at 18 CFR Part 352. These instructions
require oil pipeline carriers to compute percentage rate studies for
their depreciable property accounts, and to maintain records as to the
service life and net salvage value of their property and property
retirements.
4. The Commission uses the information reported via FERC Form No.
73 to conduct depreciation rate investigations of oil pipelines. The
Commission also uses the information to determine appropriate oil
pipeline service lives and book depreciation rates.\5\ Oil pipeline
companies use book depreciation rates to compute the depreciation
portion of their operating expenses when determining their cost of
service.
---------------------------------------------------------------------------
\5\ The definitions for ``depreciation'' and ``service life''
are set forth in 18 CFR Part 352.
---------------------------------------------------------------------------
5. This rule eliminates certain data currently collected from oil
pipeline companies by modifying the Filing Instructions to conform to
modern data automation formats and oil pipeline identification
protocols. The changes associated with FERC Form No. 73 will reduce the
amount of time required by Commission Staff to process the data and
reduce the reporting burden on affected pipelines.
Discussion
6. The current Filing Instructions request that pipelines submit
all data on magnetic computer tape. The revised Filing Instructions
eliminate this outdated electronic format. The Commission has
eliminated all references to magnetic tape from the filing
instructions. In addition, the Commission has added an option to
provide FERC Form No. 73 data using an Excel spreadsheet format.
7. The Commission has reduced the Filing Instructions from 20 to 14
pages primarily as a result of the removal of the magnetic tape filing
requirements. In addition, the Commission has revised the definitions
code sequences for the A1 and S1 Schedule's definitions and reformatted
the sample layouts for Schedules A1 and S1 to make them clearer and
easier to read. Lastly, the Commission has updated the Filing
Instruction's address for submitting completed Form 73's.
8. The Commission is eliminating the requirement to submit utility
codes. These codes were used in an analytical model previously used.
Information Collection Statement
9. Office of Management and Budget (OMB) regulations require OMB to
approve certain information collection requirements imposed by agency
rule.\6\ The Commission solicits comments on the Commission's need for
this information, whether the information will have practical utility,
the accuracy of provided burden estimates, ways to enhance the quality,
utility and clarity of the information to be collected, and any
suggested methods for minimizing respondents' burden, including the use
of automated information techniques.
---------------------------------------------------------------------------
\6\ 5 CFR 1320.11.
---------------------------------------------------------------------------
Estimated Annual Burden
10. The Commission estimates that, on average, it will take
respondents 40 hours per response and that approximately two percent of
current oil pipelines would experience a change in status justifying a
new depreciation schedule in any given year.
11. The estimate contained in the Final Rule for the time necessary
to comply with the reporting requirement is an average. While such a
submission may take more than 40 hours in some cases, we believe that
in most instances compliance will take less time.
----------------------------------------------------------------------------------------------------------------
Number of
Data collection Number of Number of hours/ responses/ Total annual
respondents response respondent hours
----------------------------------------------------------------------------------------------------------------
FERC Form 73................................ 2 40 2 80
----------------------------------------------------------------------------------------------------------------
As a result of changes in the Final Rule, we anticipate a burden
hour reduction of 30 percent.
Title: Oil Pipeline Data for Depreciation Analysis.
Action: Amend filing instruction requirements.
OMB Control No. 1902-0019.
Respondents: Businesses or other for profit.
Frequency of Responses: On occasion.
Necessity of Information: To satisfy the reporting requirement, the
Commission expects respondents to submit a transmittal letter including
a description of the oil pipeline facilities' change in status and a
narrative explaining whether (and, if so how) this change in status
reflects a departure from the characteristics relied upon by the
Commission in originally granting oil pipeline companies depreciation
schedule changes. This information assists the Commission in its
determination of appropriate oil pipeline service lives and book
depreciation rates.
Internal review: The Commission has reviewed the proposed amendment
to its regulations to establish a reporting obligation for changes in
status of oil pipeline facilities and has determined that these
regulations are necessary to ensure the accurate calculation of oil
pipeline service lives and book depreciation rates. These regulations
conform to the Commission's plan for efficient information collection,
communication, and management within the oil pipeline industry. The
Commission has assured itself, by means of internal review, that there
is specific, objective support for the burden estimates associated with
the information/data retention requirements.
12. Interested persons may obtain information on the reporting
requirements by contacting: Federal Energy Regulatory Commission, 888
First Street, NE., Washington, DC 20426, Attention: Michael Miller,
Office of the Executive Director, phone: (202) 502-8415, fax: (202)
273-0873, e-mail: michael.miller@ferc.gov. Comments on the proposed
requirements of the subject rule may also be sent to the Office of
Information and Regulatory Affairs, Office of Management and Budget,
Washington, DC 20503, Attention: Desk Office for the Federal Energy
Regulatory Commission, phone: (202) 395-4650.
Environmental Analysis
13. The Commission is required to prepare an Environmental
Assessment or an Environmental Impact Statement for any action that may
have a
[[Page 34345]]
significant adverse effect on the human environment.\7\ The Commission
has categorically excluded certain actions from this requirement as not
having a significant effect on the human environment. Included in the
exclusion are rules that are clarifying, corrective, or procedural or
that do not substantially change the effect of the regulations being
amended.\8\ This final rule is procedural in nature and therefore falls
under this exception; consequently, no environmental assessment has
been prepared for this rulemaking.
---------------------------------------------------------------------------
\7\ Regulations Implementing the National Environmental Policy
Act, 52 FR 47897 (Dec. 17, 1987), Order No. 486, FERC Stats. & Regs.
] 30,783 (1987).
\8\ 18 CFR 380.4(a)(2)(ii).
---------------------------------------------------------------------------
Regulatory Flexibility Act
14. The Regulatory Flexibility Act of 1980 (RFA) \9\ generally
requires a description and analysis of final rules that will have
significant economic impact on a substantial number of small entities.
The Commission is not required to make such analyses if a rule would
not have such an effect.
---------------------------------------------------------------------------
\9\ 5 U.S.C. 601-612 (2000).
---------------------------------------------------------------------------
15. The Commission concludes that the final rule would not have
such an impact on small entities. Based on past experience, most of the
oil pipelines having changes in status that would likely trigger a
filing under the amended regulations would be entities that do not meet
the RFA's definition of a small entity.\10\ Therefore, the Commission
certifies that this final rule will not have a significant economic
impact on a substantial number of small entities.
---------------------------------------------------------------------------
\10\ The RFA definition of ``small entity'' refers to the
definition provided in the Small Business Act, which defines a
``small business concern'' as a business that is independently owned
and operated and that is not dominant in its field of operation. 15
U.S.C. 632 (2000). The Small Business Size Standards component of
the North American Industry Classification System defines a small
pipeline for the transportation of crude oil or refined petroleum
products as one that, including its affiliates, for the preceding
fiscal year had fewer than 1,500 employees per entity. 13 CFR
121.201 (Section 486, Utilities, North American Industry
Classification System, NAICS) (2004).
---------------------------------------------------------------------------
Document Availability
16. In addition to publishing the full text of this document in the
Federal Register, the Commission provides all interested persons an
opportunity to view and print the contents of this document via the
Internet through the Commission's Home Page (https://www.ferc.gov) and
in the Commission's Public Reference Room during normal business hours
(8:30 a.m. to 5 p.m. eastern time) at 888 First Street, NE., Room 2A,
Washington, DC 20426.
17. From the Commission's Home Page on the Internet, this
information is available in eLibrary. The full text of this document is
available in eLibrary both in PDF and Microsoft Word format for
viewing, printing, and/or downloading. To access this document in
eLibrary, type the docket number excluding the last three digits of
this document in the docket number field.
18. User assistance is available for eLibrary and the Commission's
Web site during our normal business hours. For assistance contact FERC
Online Support at FERCOnlineSupport@ferc.gov or toll-free at (866) 208-
3676, or for TTY, contact (202) 502-8659. E-mail the Public Reference
Room at public.referenceroom@ferc.gov or 202-502-8371.
Administrative Findings and Effective Date
19. The Administrative Procedure Act (APA) \11\ requires
rulemakings to be published in the Federal Register. The APA also
mandates that an opportunity for comment be provided when an agency
promulgates regulations. However, notice and comment are not required
under the APA when the agency for good cause finds that notice and
public procedure thereon are impracticable, unnecessary, or contrary to
the public interest.\12\ The Commission finds that notice and comment
are unnecessary to this rulemaking. As explained above, the Commission
is merely clarifying the scope of its regulations regarding the
reporting of information on oil pipeline facility service life. This
clarification does not change existing law or policy. It merely
interprets an existing regulation in order to reduce a filing
requirement thereby reducing the reporting burden on the oil pipeline
industry. Accordingly, this rule is effective August 15, 2005.
---------------------------------------------------------------------------
\11\ 5 U.S.C. 551-559 (2000).
\12\ 5 U.S.C. 553b(B) (2000).
---------------------------------------------------------------------------
Congressional Notification
20. The Commission has determined, with the concurrence of the
Administrator, Office of Information and Regulatory Affairs of the
Office of Management and Budget, that this rule is not a ``major rule''
within the meaning of section 251 of the Small Business Regulatory
Enforcement Fairness Act of 1996.\13\ The Commission will submit this
Final Rule to both houses of Congress and the General Accounting
Office.\14\
---------------------------------------------------------------------------
\13\ 5 U.S.C. 804(2) (2000).
\14\ 5 U.S.C. 801(a)(1)(A) (2000).
---------------------------------------------------------------------------
21. These regulations are effective August 15, 2005.
List of Subjects in 18 CFR Parts 347 and 357
Oil pipeline depreciation studies, Data for depreciation studies.
By the Commission.
Linda Mitry,
Deputy Secretary.
[Note: This Appendix will not appear in the Code of Federal
Regulations.]
Appendix
Form Approved
OMB No. 1920-0019
(Expires 03/31/05)
Instructions for Filing FERC Form No. 73--Oil Pipeline Service Life
Data
The term ``Federal Energy Regulatory Commission (FERC)'' refers
to the FERC or its predecessor the Federal Power Commission (FPC).
Federal Energy Regulatory Commission, Washington, DC 20426 (Form
approved: OMB No. 1902-0019, expires 03/31/05).
FERC Form No. 73 Table of Contents
General Information
General Instructions
Schedule A1--Specific Instructions
--Sample Schedule A1
--Definitions
Schedule S1--Specific Instructions
--Sample Schedule S1
--Definitions
Appendix--Transaction Codes
Instructions for Filing Service Life Data--General Information
I. Purpose
During an investigation of an oil pipeline company's book
depreciation rates, the Commission requests service life data as a
part of its data request. This service life data, which may be
initial data or an update to previously existing data, is collected
on FERC Form No. 73. The information collected on FERC Form No. 73
is used as an input to assist the Commission in the selection of
appropriate oil pipeline company service lives and book depreciation
rates.
II. Who Must File
Any oil pipeline company who is directed by the Commission to
file service life data during an investigation of the
appropriateness of its book depreciation rates.
III. When To Submit
Service life data is reported to the Commission by an oil
pipeline company only during a depreciation rate investigation.
IV. What To Submit
The Form No. 73 requires that actuarial or simulation service
life data be set forth in a standardized format.
1. If you are not submitting this report in an electronic media
format, submit an original and three (3) copies of this report. An
Excel spreadsheet is an acceptable format.
[[Page 34346]]
2. Upon request of the Commission, the company must submit such
additional supporting and clarifying data and information as may be
specified.
V. Where To Submit
1. Submit this report to: Office of the Secretary, Federal
Energy Regulatory Commission, 888 First Street, NE., Washington, DC
20426.
2. Hand deliveries can be made to: Office of the Secretary,
Federal Energy Regulatory Commission, Room 1A, 888 First Street,
NE., Washington, DC 20426.
General Instructions
1. Each reporting company may file either actuarial or
simulation service life data. If a respondent chooses to file
actuarial data, Schedule A1 would be filed. If a respondent chooses
to file simulation data, Schedule S1 would be filed. The first or
initial filing of service life data by a pipeline company with the
Federal Energy Regulatory Commission (whether simulation data or
actuarial data) should begin with the first year of company
operations or 1940 whichever is later. Subsequent filings of service
life data by a respondent pipeline company may contain the
transaction data only from the year of the last report to the
present.
2. Report all dollar items rounded to the nearest dollar.
Commas, decimal points, and special characters should not be used.
3. The ``Account Number'' as used in this Form No. 73 consists
of the three digit account number specified in the Uniform System of
Accounts with a suffix of ``P'' for Product Lines, ``C'' for Crude
Lines, or some other character, specified by the Commission, to
designate a system or division of the respondent company. Thus, an
account number for purposes of filing the Form No. 73 consists of
four characters, three digits followed by one alphabetic character.
The Commission may provide additional special instructions for
filing the Form No. 73 requesting a respondent to report service
life data in greater detail than specified in the Uniform System of
Accounts. In such instances, the respondent will add a one letter
suffix, specified by the Commission, to the account number.
For example, a respondent may be asked to report for
its Product Line ``Vehicles and Other Work Equipment'', Account 165,
by ``Vehicles'', with an account designator, ``165PV'', and ``Other
Work Equipment'', with an account designator, ``165PE''.
Sources for Codes Used
1. Uniform System of Accounts for Oil Pipeline Companies--See
Part 352--Uniform System of Accounts Prescribed for Oil Pipeline
Companies, Chapter 1--Federal Energy Regulatory Commission, Title
18, ``Code of Federal Regulations''.
2. Transaction Codes--Transaction Codes are listed in the
Appendix.
Specific Instructions
Service Life Data (Actuarial) Schedule A1
This schedule is sequenced by Account Number. A new page is
started when a change in account occurs and the account name and
account number is displayed as the top line in the body of the
report.
Data for actuarial analysis of property accounts 102-186 is
reported by vintage year from the date of initial operations to the
present date. All activity (additions, retirements, transfers, and
balances) is reported by Installation Year, Transaction Year,
Transaction Code, and Ledger Value. Number of units, gross salvage,
and cost of removal should be included where applicable.
Extreme care should be exercised in assigning Transaction Codes
to each transaction in order that the analysis of data will produce
meaningful results.
Every vintage year must begin with a Transaction Code ``00'',
``11'', ``12'', ``13'', ``30'', or ``51''. An entry will be made for
each year following the vintage year in which some activity occurred
for this account, (e.g., addition, retirement, etc.) listing the
appropriate Transaction Code for the activity. Every vintage year
must terminate with a Transaction Balance Code, ``99''.
In reporting Installation Year, Transaction Year, and Corrected
Transaction Year, no date prior to 1940 is acceptable. For a
respondent's initial report, a 1940 transaction year, ``00''
Transaction Code, may be used to report the net balance of property
in service as of December 31, 1939. If a respondent commenced
operations after 1940, in the initial filing of the Form No. 73, the
respondent should report a Transaction Code ``00'' for the net
balance of property in service as December 31 of the year preceding
the year of commencement of operations. For a respondent's Update
Report, each vintage will begin with an initial balance, Transaction
Code ``00'', which should correspond to the ending balance, Balance
Code ``99'', reported on the previous filing of the Form No. 73.
Installation Year, Transaction Year, Transaction Code, and
Ledger Value must be reported for each transition. Unreported fields
should be left blank.
Negative numbers must not be used except when ``Corrected
Transaction Year'' field is used. If the ``Corrected Transaction
Year'' field is used, Units, Ledger Value, Gross Salvage Value, and
Cost of Removal may be negative as necessary to make corrections.
Schedule A1.--Service Life Data
----------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------
(a) Pipeline Company Name: xxxxxxxxxxx (b)
Schedule
A1
(c) Page
xxx
-----------------------------------------------------
(d) From January 1, xxxx (e) to December 31, xxxx
-----------------------------------------
(f) Account Number: xxxx (g) Account Name: xxxxxxxxxxxxxxx
-----------------------------------------
Installation Year Transactio CorTransactio Number of Ledger Gross Cost of
n Transactio n Units Value Salvage Removal
Year n Code
Year
(h) (i) (j) (k) (l) (m) (n) (o)
-----------------------------
xxxx xxxx xxxx xx xxxxxxxx xxxxxxxx x xxxx xxxxxxxx
----------------------------------------------------------------------------------------------------------------
Definitions of Items Contained on Schedule A1
------------------------------------------------------------------------
Schedule
reference Item name Definition--Description
------------------------------------------------------------------------
(a).......... Pipeline Name of pipeline filing report.
Company Name.
(b).......... Schedule ID.... Form Number A1.
(c).......... Page Number.... Sequential page numbers as needed.
(d).......... Start Date..... The beginning year for the service life
data reported. The year will be
reported as a four digit number and
will be 1940 or later.
(e).......... End Date....... The ending year for the service life
data being reported. The year will be
reported as a four digit number.
(f).......... FERC Account Uniform System of Accounts number
Number. associated with the service life data
reported on this page with appropriate
suffix as specified in the general
instructions.
(g).......... FERC Account Uniform System of Accounts name
Name. associated with the service life data
reported on this page.
[[Page 34347]]
(h).......... Installation The year the property was first placed
Year. in service by the reporting carrier.
(i).......... Transaction The year of the particular transaction
Year. being recorded by this entry; must be
equal to or greater than the
installation year.
(j).......... Corrected For corrections of previous entries
Transaction only. The year of the correction is the
Year. transaction year. This field is the
year that is being corrected.
Appropriate corrections (+ or -) are
recorded in the units, ledger value,
gross salvage, and cost of removal
fields to properly correct the
erroneous entry. Transaction Codes must
be the same as the entry corrected.
(k).......... Transaction The type of transaction being recorded.
Code. (See Transaction Codes in the
Appendix).
(l).......... Number of Units Number of physical units associated with
a transaction.
(m).......... Ledger Value... Ledger value of property involved in a
transaction.
(n).......... Gross Salvage.. The actual dollars of salvage recovered
upon retirement or disposition of an
asset, including insurance proceeds.
(o).......... Cost of Removal Total cost to dispose of property and to
restore environment as required.
------------------------------------------------------------------------
Specific Instructions
Service Life Data (Simulation) Schedule S1
This schedule is sequenced by Account Number. A new page is
started when a change in account occurs and the account name and
account number is displayed as the top line in the body of the
report.
Data for Simulated Plant Record (SPR) analysis of oil pipeline
property accounts 102-186 is reported for each year from the date of
initial operation to the present date using the appropriate
``Transaction Codes''.
Extreme care should be exercised in assigning Transaction Codes
to each transaction in order that the analysis of data will produce
meaningful results.
In reporting activity for each account, a Transaction Year,
Transaction Code and a Ledger Value must be reported for each
transaction activity. A Transaction Year prior to 1940 is not
acceptable. For a respondent's initial report, a 1940 Transaction
Year, ``00'' Transaction Code, may be used to report the net balance
of property in service as of December 31, 1939. If a respondent
commenced operations after 1940, in the initial filing of the Form
No. 73, the respondent should report a Transaction Code ``00'' for
the balance of property in service as December 31 of the year
preceding the year of commencement of operations. For respondent's
initial report with a Transaction Year later than 1940, the net
balance of property in service should be as of December 31 of the
preceding year. For a respondent's Update Report, each account will
begin with an initial balance, Transaction Code ``00'', which should
correspond to the ending balance, Transaction Code ``99'', reported
on the previous filing of the Form No. 73.
Each account must have a transaction year with a Transaction
Code, ``99'', which must equal the balance in the FERC Form No. 6,
Annual Report of Oil Pipeline Companies.
Negative numbers should not be used in any field. Each
Transaction Year must have an applicable transaction installation
code or transaction retirement code.
Schedule S1.--Service Life Data
----------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------
(a) Pipeline Company (b) Schedule S1
Name: xxxxxxxxxxxxx (c) Page xxxx
-------------------------------------------------------------
(d) From January 1, xxxx to (e) December 31, xxxx
-------------------------------------------------------------
(f) Account Number: xxxx (g) Account Name: xxxxxxxxxxxxxxxxxxxxxxxxx
-------------------------------------------------------------
Transaction Year Transaction Code Ledger Value
(h) (i) (j)
-------------------------------------------------------------
xxxx xx xxxxxxxxxxxx
----------------------------------------------------------------------------------------------------------------
Definitions of Items Contained on Schedule S1
------------------------------------------------------------------------
Schedule
reference Item name Definition--description
------------------------------------------------------------------------
(a).......... Pipeline Name of pipeline filing report.
Company Name.
(b).......... Schedule ID.... Form Number S1
(c).......... Page Number.... Sequential page numbers as needed.
(d).......... Start Date..... The beginning year for the service life
data reported. The year will be
reported, as a four digit number and
will be 1940 or later.
(e).......... End Date....... The ending year for the service life
data being reported. The year will be
reported as a four digit number.
(f).......... FERC Account Uniform System of Accounts number
Number. associated with the service life data
reported on this page with appropriate
suffix as specified in the general
instructions.
(g).......... FERC Account Uniform System of Accounts name
Name. associated with the service life data
reported on this page.
(h).......... Transaction The year of the particular transaction
Year. being recorded by this entry; must be
equal to or greater than the
installation year.
(i).......... Transaction The type of transaction being recorded.
Code. (See Transaction Codes in the
Appendix).
(j).......... Ledger Value... Ledger value of property involved in a
transaction.
------------------------------------------------------------------------
Appendix
[[Page 34348]]
Definition--This Item Identifies the Acceptable Transaction Codes Which
are Reported for Each Transaction
------------------------------------------------------------------------
Transaction code Transaction title Transaction type--Description
------------------------------------------------------------------------
00............... Initial Balance... Installation--net balance of
property in service as of
December 31 of the year prior to
the start date (See Definition
of Items for Schedule S1 or A1).
11............... New............... Installation--placement of
property in service. These codes
distinguish the condition of the
property when it is added. A
vintage year must begin with one
of the following codes: 00, 11,
12, 13, 30 or 51.
12............... Second Hand.......
13............... Reconditioned.....
(See code 65).....
30............... Acquisition....... Installation--property acquired
from another operation carrier
to be continued in the same or
similar type of service.
Acquisitions may occur as the
result of mergers,
consolidations, pooling of
interests, or purchase of
another company or portion
thereof.
51............... Transfer In....... Transfer resulting in an increase
of investment in an account with
a concurrent decrease in another
depreciable account with the
company or an affiliated
company. Opposite of a Transfer
Out.
52............... Transfer Out...... Transfer--the removal of property
from a depreciable account and
concurrent reassignment of that
property to another account in
the company or an affiliated
company. The reason for a
Transfer Out may be a
reclassification or a change in
operations. No salvage entries
are allowed for this code.
61............... Regular........... Retirement--all retirements which
occur in the course of normal
operations for any cause other
than those listed herein.
62............... Reimbursed........ Retirement--a retirement of
property for which the company
is compensated fully at the time
of retirement through insurance
or by public authority as a
result of negotiations.
63............... Sale.............. Retirement--a retirement in which
``going concern'' property is
sold for reuse to another
organization for continuation of
service. Sales at the end of
life or because the property is
no longer useful for normal
transportation purposes are
Regular Retirements (Code 61).
64............... Outlier........... Retirement--a retirement which
reflects a highly improbable
occurrence should be classified
as an outlier if the situation
under which the retirement
occurred can be documented as
being exceptionally unusual.
65............... Reconditioned..... Retirement--retirement for the
purpose of reconditioning the
asset for further transportation
service when the reconditioning
is performed by the company or
an affiliated company. The
property is reentered into
service coded 13
(Reconditioned).
81............... + Adjustment...... Adjustment--adjustment codes
should be used only with FERC
approval. Entries to correct
past errors or omissions are not
considered to be adjustments and
should be corrected by use of
the ``Corrected Transaction
Year'' field.
82............... -Adjustment.......
99............... Balance........... Balance--balance in service as of
December 31 of the End Date (See
Definitions of Items for
Schedule A1 or S1). No salvage
entries are permitted for this
code.
------------------------------------------------------------------------
[FR Doc. 05-11550 Filed 6-13-05; 8:45 am]
BILLING CODE 6717-01-P
