Section 35.35(h) of the Commission's final rule RM06-4-000 will require jurisdictional public utilities to report annually to the Commission no later than April 18, 2007, and, in succeeding years, on the date on which FERC Form No. 1 information is due the following data and projections: (subsection i) in dollar terms, actual investment for the most recent calendar year, and planned investments for the next five years; and (subsection ii) for all current and planned investments over the next five years, a project by project listing that specifies for each project the expected completion date, percentage completion as of the date of filing and reasons for delay.
Sect. 1241 Energy Policy Act 2005 (PL 109-58, 119 Stat. 594, 2005) adds new section 219 to Federal Power Act mandating that no later than a year after enactment of sect. 219, FERC is to establish, by rule, incentive and performance-based rate treatments for transmission of electric energy in interstate commerce by public utilities for the purpose of benefiting consumers by ensuring reliability, reducing the cost of delivered power and reducing transmission congestion. In RM06-4-000 Final Rule, FERC is promoting greater capital investment in new transmission capacity. The need for capital investment in energy infrastructure is national problem that requires a national solution. Inadequate transmission infrastructure results in transmission congestion that impedes competitive wholesale markets and impairs the reliability of the electric grid. FERC-730 is to determine effectiveness of proposed rules and provide FERC with accurate assessment of the state of the industry on transmission investment.
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.