Quarterly Financial Report of Electric Utilities, Licensees, and Natural Gas Companies

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form FERC-3Q Quarterly Financial Report of Electric Utilities, Licensees, and Natural Gas Companies	Form	Modified	Available
Press Release.doc	Supplementary Document	Uploaded 2007-09-27	Available
OMB Just. RM07.9.doc	Supporting Statement A	Uploaded 2007-09-27	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
23250	Quarterly Financial Report of Electric Utilities, Licensees, and Natural Gas Companies	Form	Modified

ICR Details

OMB Control No: 1902-0205	ICR Reference No: 200709-1902-006
Status: Historical Inactive	Previous ICR Reference No: 200512-1902-012
Agency/Subagency: FERC	Agency Tracking No: FERC Form 3Q
Title: Quarterly Financial Report of Electric Utilities, Licensees, and Natural Gas Companies
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Comment filed on proposed rule and continue	Conclusion Date: 01/10/2008
	Date Received in OIRA: 09/27/2007
Terms of Clearance: In accordance with 5 CFR 1320, OMB is withholding approval at this time. Prior to publication of the final rule, the agency must 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.

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	02/28/2009	36 Months From Approved	02/28/2009
Responses	1,059	0	1,059
Time Burden (Hours)	171,011	0	171,011
Cost Burden (Dollars)	0	0	0

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Abstract: In RM04-12-000 Final Rule, FERC amended its financial reporting requirements for the quarterly and annual financial reporting forms for public utilities and licensees including independent system operators and regional transmission organizations (RTOs). The new accounts and changes to FERC's quarterly and annual financial forms added visibility and uniformity to the accounting and financial reporting for the cost of utility assets, and the expenses the utility incurs in providing services, along with revenues collected from RTO members. The revisions to FERC's accounting and reporting ...... In RM07-9-000, FERC proposes to revise and expand FERC Form Nos. 2, 2-A and 3Q in order for FERC and the public to have sufficient information to assess the justness and reasonableness of natural gas pipeline rates.

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Authorizing Statute(s): US Code: 15 USC 717-717j Name of Law: Natural Gas Act
   US Code: 16 USC 825c, 825h Name of Law: Federal Power Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
1902-AD26	Proposed rulemaking	72 FR 54860	09/27/2007

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? Yes

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Number of Information Collection (IC) in this ICR: 1

table that charts list of burden

IC Title	Form No.	Form Name
Quarterly Financial Report of Electric Utilities, Licensees, and Natural Gas Companies	FERC-3Q	Quarterly Financial Report of electric utilities, licensees and natural gas companies

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Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Changing Regulations

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

Burden Reduction Due to:

Short Statement: The information maintained and collected under the requirements of Part 141 is essential to the Commission’s oversight duties. The data now reported in the forms does not provide sufficient information to the Commission and the public to permit an evaluation of the filers’ jurisdictional rates. Since the triennial restatement of rates requirement was abolished and pipelines are no longer required to submit this information, the need for current and relevant data is greater than in the past. The information collection proposed in the NOPR will increase the forms’ usefulness to both the public and the Commission. Without this information, it is difficult for the Commission and the public to perform an assessment of pipeline costs, and thereby help to ensure that rates are just and reasonable. The Commission has determined that dependable, affordable, competitive wholesale energy markets require an adequate infrastructure, balanced market rules, and vigilant oversight. This proposed rule helps in achieving the goal of vigilant oversight by providing the Commission with more timely, relevant, reliable and understandable information from jurisdictional participants in the energy markets.

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Annual Cost to Federal Government: $91,602

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 09/27/2007

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