In accordance with 5 CFR 1320, the information collection is approved for three years. Although FERC is not requiring reporting of intrastate natural gas pipeline information, FERC is encouraged to remove the intrastate reporting requirements from their current regulations and then update this collection to indicate that change in the supporting statement.
Inventory as of this Action
Requested
Previously Approved
01/31/2017
36 Months From Approved
01/31/2014
36,966
0
62,244
18,483
0
44,033
0
0
0
With the passage of EPAct 2005, Congress affirmed a commitment to competition in wholesale natural gas and electricity markets as national policy, the fifth major federal law in the last 30 years to do so. As part of this commitment to competition, in the transparency provisions, Congress charged the Commission with assuring the integrity of the wholesale markets and assuring fair competition by facilitating price transparency in those markets. It also significantly strengthened the Commission's regulatory tools in the transparency provisions, specifically, in section 220 of the Federal Power Act and Section 23 of the Natural Gas Act.
FERC implemented Order Nos. 720 and 720-A to comply with EPAct 2005 which amended the NGA to direct FERC to "facilitate price transparency in markets for the sale or transportation of physical natural gas in interstate commerce." On October 24, 2011, the United States Court of Appeals for the Fifth Circuit issued a decision granting the Texas Pipeline Association and the Railroad Commission's petition for review and vacating FERC's Order Nos. 720 and 720-A. In its order, the 5th Circuit held that Order Nos. 720 and 720-A exceeded the scope of FERC' authority under the Natural Gas Act of 1938 and FERC could not require intrastate natural gas pipelines to post the information. However, the court's decision did not disrupt the reporting and posting obligations of interstate natural gas pipelines. The requirements for intrastate natural gas pipelines remain in FERC's regulations at 18 CFR 284.14. The Commission may potentially take action to remove these requirements in the future.
The FERC-551 information collection burden changed because of the decision of the United States Court of Appeals for the Fifth Circuit that Order Nos. 720 and 720-A exceeded the scope of FERC's authority under the Natural Gas Act of 1938. Therefore, FERC could not require intrastate natural gas pipelines to post the information. The total burden only reflects the burden for interstate natural gas pipelines. This is the reason for the decrease in burden for the FERC-551 information collection.
$2,250
No
No
No
No
No
Uncollected
Thomas Russo 202 502-8792 thomas.russo@ferc.gov
No
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.