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This document outlines proposed revisions to Page 700 of FERC Form No. 6 to facilitate the calculation of a pipeline’s actual return on equity and includes additional reporting requirements for
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How to fill out ferc form 6 annual
How to fill out FERC Form 6, Annual Report of Oil Pipeline Companies
01
Begin by downloading the FERC Form 6 from the FERC website.
02
Gather all necessary financial and operational data related to your oil pipeline operations.
03
Complete the identification section with your company's name, FERC registration number, and report year.
04
Fill out the operating revenue section, detailing revenue from oil pipeline services.
05
Include a breakdown of expenses incurred during the reporting period, categorized appropriately.
06
Provide information on the pipelines operated, including mileage and capacity details.
07
Report on the tariffs charged for services provided, ensuring compliance with FERC regulations.
08
Include any additional disclosures or notes as required by the form.
09
Review the completed form for accuracy and completeness.
10
Submit the form electronically through the FERC's online reporting system before the deadline.
Who needs FERC Form 6, Annual Report of Oil Pipeline Companies?
01
Oil pipeline companies operating in the United States that fall under FERC jurisdiction.
02
Companies that are required to report financial and operational data to the Federal Energy Regulatory Commission to comply with regulatory requirements.
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Who must comply with FERC standards of conduct?
Investor-owned companies that transmit and market electricity interstate, or transport and market natural gas interstate, must comply with the FERC Standards of Conduct.
Who is required to file a FERC Form 1?
Each Major electric utility, licensee, or other, as classified in the Commission's Uniform System of Accounts Prescribed for Public Utilities and Licensees Subject To the Provisions of The Federal Power Act (18 C.F.R. Part 101), must submit FERC Form 1 (18 C.F.R.
Who is required to file a FERC form 1?
Each Major electric utility, licensee, or other, as classified in the Commission's Uniform System of Accounts Prescribed for Public Utilities and Licensees Subject To the Provisions of The Federal Power Act (18 C.F.R. Part 101), must submit FERC Form 1 (18 C.F.R.
What is FERC form 6?
The Form No. 6 is designed to collect financial and operational information from oil pipeline companies subject to the jurisdiction of the Commission.
What is FERC and what does it do?
The Federal Energy Regulatory Commission, or FERC, is an independent agency that regulates the interstate transmission of electricity, natural gas, and oil.
What requires a FERC permit?
The only electric generating projects that require FERC approval are hydropower projects. FERC also approves the construction and operation of interstate natural gas pipelines, storage facilities and liquefied natural gas terminals.
Does FERC regulate oil pipelines?
The Federal Energy Regulatory Commission, or FERC, is an independent agency that regulates the interstate transmission of electricity, natural gas, and oil. FERC also reviews proposals to build liquefied natural gas (LNG) terminals and interstate natural gas pipelines as well as licensing hydropower projects.
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What is FERC Form 6, Annual Report of Oil Pipeline Companies?
FERC Form 6 is a mandatory annual report that oil pipeline companies must submit to the Federal Energy Regulatory Commission (FERC). It provides comprehensive financial and operational data regarding the company's activities, including traffic, revenues, and operational costs.
Who is required to file FERC Form 6, Annual Report of Oil Pipeline Companies?
All oil pipeline companies that are regulated by the FERC and operate in interstate or foreign commerce are required to file FERC Form 6.
How to fill out FERC Form 6, Annual Report of Oil Pipeline Companies?
Filling out FERC Form 6 involves completing several sections that require detailed information regarding financial statements, operating statistics, and other relevant data. Companies must adhere to the guidelines and instructions provided by FERC to ensure accurate and complete reporting.
What is the purpose of FERC Form 6, Annual Report of Oil Pipeline Companies?
The purpose of FERC Form 6 is to collect data that enables the FERC to monitor the operations and financial health of oil pipeline companies, ensuring compliance with regulatory requirements and facilitating effective oversight of the industry.
What information must be reported on FERC Form 6, Annual Report of Oil Pipeline Companies?
FERC Form 6 requires reporting of various information, including financial statements, revenues from transportation services, operating statistics, capital expenditures, and operational metrics related to pipeline capacity and throughput.
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