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

ICR 200709-1902-006

OMB: 1902-0205

Federal Form Document

Forms and Documents
Document
Name
Status
Form
Modified
Supplementary Document
2007-09-27
Supporting Statement A
2007-09-27
IC Document Collections
ICR Details
1902-0205 200709-1902-006
Historical Inactive 200512-1902-012
FERC FERC Form 3Q
Quarterly Financial Report of Electric Utilities, Licensees, and Natural Gas Companies
Revision of a currently approved collection   No
Regular
Comment filed on proposed rule and continue 01/10/2008
Retrieve Notice of Action (NOA) 09/27/2007
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.
  Inventory as of this Action Requested Previously Approved
02/28/2009 36 Months From Approved 02/28/2009
1,059 0 1,059
171,011 0 171,011
0 0 0

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.

US Code: 15 USC 717-717j Name of Law: Natural Gas Act
   US Code: 16 USC 825c, 825h Name of Law: Federal Power Act
  
None

1902-AD26 Proposed rulemaking 72 FR 54860 09/27/2007

Yes

Yes
Changing Regulations
No
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.

$91,602
No
No
Uncollected
Uncollected
Uncollected
Uncollected
Michelle Veloso 202 502-8363 [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.
09/27/2007


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