Under RM02-7-000 Major public
utilities, licensees and others will have to report asset
retirement obligations. An asset retirement obligation (ARO) is a
liability resulting from a legal obligation to retire or
decommission a plant asset. The purpose of the final rule is to
improve the usefulness of financial information submitted to FERC
and other users of FERC's financial annual reports.
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.