View Information Collection Request (ICR) Package

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View ICR - OIRA Conclusion

OMB Control No: 1902-0098	ICR Reference No: 201312-1902-003
Status: Historical Active	Previous ICR Reference No: 201011-1902-006
Agency/Subagency: FERC	Agency Tracking No: FERC-555
Title: FERC-555, Preservation of Records for Public Utilities and Licensees, Natural Gas and Oil Pipeline Companies.
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 05/27/2014
	Date Received in OIRA: 12/24/2013
Terms of Clearance: In accordance with 5 CFR 1320, the information collection is approved for 3 years.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	05/31/2017	36 Months From Approved	05/31/2014
Responses	509	0	475
Time Burden (Hours)	2,655,962	0	2,359,800
Cost Burden (Dollars)	78,242,971	0	72,400,925

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Adjustment in Estimate
Annual Number of Responses	509	475	34
Annual Time Burden (Hours)	2,655,962	2,359,800	296,162
Annual Cost Burden (Dollars)	78,242,971	72,400,925	5,842,046

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The Commission found that the estimated number of respondents increased from 475 to 509 entities. The Commission also found that the proportion of large entities increased (31% to 34%) while the proportion of medium sized entities decreased (36% to 33%) relative to the total number of entities. Because the Commission's estimate is partially calculated based on size mix among the respondents, the average burden hours per entity also increased (from 4,968 hours per entity to 5,218). Finally, the Commission updated some of the wage figures, which also contributed to the change in burden hours per entity and in the change to the cost figures. The Commission did not change any of the record retention requirements. These burden changes are solely adjustments to the estimates.

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