Agency added
footnote to justification 14 which detailed the Federal Cost
related to this form. Agency also added language to justification
15 that explains the reasons for burden changes.
Inventory as of this Action
Requested
Previously Approved
12/31/2011
36 Months From Approved
02/28/2009
4
0
33
463
0
3,454
0
0
0
In RM08-5-000 Final Rule, FERC is
revising its reporting requirements to enhance FERC's and the
customers' review of formula rates; permit better understanding of
non-power goods and services transactions with affiliates, and
provide additional detail of revenues not previously specified on
the Form 1 & 1-F. In addition, the Final Rule will expedite
reporting by clarifying Form 1 & 1-F instructions and cross
references making certain technical improvements to the form.
Finally, the Final Rule responds to the burdens faced by filers by
adopting minimum reporting thresholds for certain accounting data,
eliminating the reporting requirement for certain utilities that
are not otherwise subject to FERC's reporting obligations or
jurisdiction, and accommodating those filers whose fiscal year does
not fall in the calendar year that is sued for reporting
purposes.
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 collections proposed in the Final Rule
will increase the forms usefulness to both the public and FERC.
Without this information, it is difficult for FERC and the public
to perform an assessment of electric utility costs, and thereby
help to ensure that rates are just and reasonable. FERC has
determined that dependable, affordable, competitive wholesale
energy markets require an adequate infrastructure, balanced market
rules, and vigilant oversight. This Final Rule helps in achieving
the goal of vigilant oversight by providing FERC with more timely,
relevant, reliable and understandable information from
jurisdictional participants in the energy markets. It should be
noted that the adjustments to Forms 1, 1-F and 3Q reflect the
changing number of companies subject to FERCs jurisdiction. With
respect to the Form 1-F, the decrease may be due to either
companies receiving exemptions from having to file the Form 1-F or
have consolidated their reporting because of becoming an affiliate
of a parent company who already files the Form 1.
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.