Annual Report of Natural Gas Transactions

ICR 200705-1902-002

OMB: 1902-0242

Federal Form Document

Forms and Documents
Document
Name
Status
Form and Instruction
New
Supplementary Document
2007-05-03
Supporting Statement A
2007-05-03
IC Document Collections
ICR Details
1902-0242 200705-1902-002
Historical Inactive
FERC FERC-552
Annual Report of Natural Gas Transactions
New collection (Request for a new OMB Control Number)   No
Regular
Comment filed on proposed rule 09/19/2007
Retrieve Notice of Action (NOA) 05/03/2007
In accordance with 5 CFR 1320, OMB is withholding approval at this time. Prior to publication of the final rule, the agency should submit to OMB a summary of all comments related to the information collection contained in the proposed rule and the agency response. The agency should clearly indicate any changes made to the information collection as a result of these comments.
  Inventory as of this Action Requested Previously Approved
36 Months From Approved
0 0 0
0 0 0
0 0 0

FERC is requiring each holder of blanket marketing certificate authority or blanket unbundled sales services certificate authority to notify FERC as to whether it reports transactions to publishers of electricity or natural gas price indices and whether this reporting complies with certain standards. This is designed to permit an annual estimate of size of domestic natural gas market and use of index pricing in that market.

US Code: 15 USC 717t-2(new) Name of Law: Natural Gas Act
  
PL: Pub.L. 109 - 58 316 Name of Law: Energy Policy Act of 2005

1902-AD32 Proposed rulemaking 72 FR 20791 04/26/2007

No

1
IC Title Form No. Form Name
Annual Report of Natural Gas Transactions FERC-552 Annual Report of Natural Gas Transactions

No
No
In order to implement its authority under section 23 of the Natural Gas Act, which was added by section 316 of the Energy Policy Act of 2005 (EPAct 2005), FERC proposes to revise its regulations to: require that intrastate pipelines post daily the capacities of, and volumes flowing through, their major receipt and delivery points and mainline segments in order to make available the information needed to track daily flows of natural gas throughout the United States; and require that buyers and sellers of more than a de minimis volume of natural gas report annual numbers and volumes of relevant transactions to FERC in order to make possible an estimate of the size of the physical U.S. natural gas market, assess the importance of the use of index pricing in that market, and determine the size of the fixed-price trading market that produces the information. These revisions would facilitate price transparency in markets for the sale or transportation of physical natural gas in interstate commerce.

$61,516
No
No
Uncollected
Uncollected
Uncollected
Uncollected
Eric Ciccoretti 2025028493 [email protected]

  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.
05/03/2007


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