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 FERCÂs 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.
Form FERC-1-F Annual Report of NonMajor Public Utilities, Licensees, and Others
form-1-f-memo.pdf
OMB Just. RM08.5-000(SuppForm1-F)Final Rule.doc
Annual Report of NonMajor Public Utilities, Licensees, and Others