[Federal Register: June 14, 2005 (Volume 70, Number 113)]
[Rules and Regulations]
[Page 34343-34348]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr14jn05-13]
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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.
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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update the filing instructions to delete references to outdated filing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.
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\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.
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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\
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\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.
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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.
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\5\ The definitions for ``depreciation'' and ``service life''
are set forth in 18 CFR Part 352.
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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.
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\6\ 5 CFR 1320.11.
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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.
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Number of
Data collection Number of Number of hours/ responses/ Total annual
respondents response respondent hours
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FERC Form 73................................ 2 40 2 80
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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.
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\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).
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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.
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\9\ 5 U.S.C. 601-612 (2000).
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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.
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\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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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 (http://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.
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\11\ 5 U.S.C. 551-559 (2000).
\12\ 5 U.S.C. 553b(B) (2000).
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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\
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\13\ 5 U.S.C. 804(2) (2000).
\14\ 5 U.S.C. 801(a)(1)(A) (2000).
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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
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(a) Pipeline Company Name: xxxxxxxxxxx (b)
Schedule
A1
(c) Page
xxx
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(d) From January 1, xxxx (e) to December 31, xxxx
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(f) Account Number: xxxx (g) Account Name: xxxxxxxxxxxxxxx
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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
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Definitions of Items Contained on Schedule A1
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Schedule
reference Item name Definition--Description
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(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.
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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
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(a) Pipeline Company (b) Schedule S1
Name: xxxxxxxxxxxxx (c) Page xxxx
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(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
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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