Document ID: FERC-2020-0891-0001
Agency: ferc
Document Type: Notice
Title: Establishing Date for Filing Updated Data: Inquiry Regarding the Commission's Policy for Determining Return on Equity; Five-Year Review of the Oil Pipeline Index
Posted Date: 2020-07-14T04:00Z

[Federal Register Volume 85, Number 135 (Tuesday, July 14, 2020)]
[Notices]
[Page 42380]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-15045]

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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

[Docket Nos. PL19-4-000; RM20-14-000]

Inquiry Regarding the Commission's Policy for Determining Return 
on Equity; Five-Year Review of the Oil Pipeline Index

Notice Establishing Date for Filing Updated Data

    On May 21, 2020, the Commission issued a Policy Statement adopting 
a revised methodology for determining return on equity for natural gas 
and oil pipelines (ROE Policy Statement).\1\ In light of the impending 
five-year review of the oil pipeline index, the Commission encouraged 
oil pipelines to file updated FERC Form No. 6, page 700 data for 2019 
reflecting the revised ROE methodology \2\ and explained that following 
Office of Management and Budget (OMB) approval of this voluntary 
information collection, the Commission would issue a notice affording 
pipelines two weeks to file such updated page 700 data.\3\
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    \1\ Inquiry Regarding the Commission's Policy for Determining 
Return on Equity, 171 FERC ] 61,155 (2020) (ROE Policy Statement).
    \2\ Id. P 92. The Commission explained in the ROE Policy 
Statement that pipelines that previously filed Form No. 6 for 2019 
and choose to submit updated page 700 data should, in a footnote on 
the updated page 700, either (a) confirm that their previously filed 
Form No. 6 was based solely upon the Discounted Cash Flow (DCF) 
model or (b) provide the real ROE and resulting cost of service 
based solely upon the DCF model as it was applied to oil pipelines 
prior to the ROE Policy Statement. Id.
    \3\ Id. P 93.
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    On June 29, 2020, the Commission submitted a request to OMB for 
approval of the voluntary information collection FERC-6(PL).\4\ On July 
6, 2020, OMB granted the Commission's request and approved the 
voluntary information collection FERC-6(PL).
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    \4\ OMB Control No. 1902-0318, Expiration Date 01/31/2021.
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    Notice is hereby given that oil pipelines choosing to file updated 
FERC Form No. 6, page 700 data consistent with the ROE Policy Statement 
\5\ should file such data on or before July 21, 2020.
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    \5\ ROE Policy Statement, 171 FERC ] 61,155 at PP 92-93.

    Dated: July 7, 2020.
Nathaniel J. Davis, Sr.,
Deputy Secretary.
[FR Doc. 2020-15045 Filed 7-13-20; 8:45 am]
BILLING CODE 6717-01-P