OMB files this
comment in accordance with 5 CFR 1320.11(c) of the Paperwork
Reduction Act and is withholding approval of this collection at
this time. This OMB action is not an approval to conduct or sponsor
an information collection under the Paperwork Reduction Act of
1995. The agency shall examine public comment in response to the
Notice of Proposed Rulemaking and will include in the supporting
statement of the next ICR, to be submitted to OMB at the final rule
stage, a description of how the agency has responded to any public
comments on the ICR. This action has no effect on any current
approvals.
Inventory as of this Action
Requested
Previously Approved
01/31/2015
36 Months From Approved
01/31/2015
4,723
0
4,723
472,134
0
472,134
143,556
0
143,556
Section 205(c) of the Federal Power
Act (FPA) requires that every public utility have all of its
jurisdictional rates and tariffs on file with the Commission and
make them available for public inspection, within such time and in
such form as the Commission may designate. Section 205(d) of the
FPA requires that every public utility must provide notice to FERC
and the public of any changes to its jurisdictional rates and
tariffs, file such changes with FERC, and make them available for
public inspection, in such manner as directed by the Commission.
The Electric Quarterly Report (EQR) is a vehicle whereby public
utilities satisfy the requirements under Section 205(c)of the FPA.
The EQR is available to the public and is used by the public,
members of the energy industry and by Commission staff to conduct
various analyses. The Commission is concerned that simultaneous
exchange transactions may be used to circumvent transmission
service rules, and by proposing (in Docket RM01-8-012) that
simultaneous exchange transactions be reported in the EQR using a
separate product name, the Commission is attempting to increase
transparency in this market segment. Without separately reporting
these types of transactions, simultaneous exchange transactions
would be lumped in with other types of transactions clouding the
ability to understand the nature and complexity of the simultaneous
exchange market.
US Code:
16
USC 824(d) Name of Law: Federal Power Act
The Commission is proposing to
revise the EQR Data Dictionary to add "Simultaneous Exchange" to
the list of available Product Names in the EQR. This proposal would
allow for greater transparency in wholesale electricity markets
through a greater understanding of these complex exchange
transactions. The Commission is generally concerned that the
complexity of simultaneous exchanges may obscure the true nature of
these transactions, and may enable market participants to
circumvent market rules. Thus, in order to enhance transparency,
the Commission believes it is important that EQR filers report
simultaneous exchanges in the EQR. This change will require a
minimal amount of time for filers to implement and comply with
moving forward.
$37,473
No
No
No
No
No
Uncollected
Thomas Rieley 202
502-6203
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.