Agency will seek
and respond to public comment on this ICR and all associated
rulemakings especially concerning the capital/start-up costs to
small entitites. The ICR is not approved at this time so that the
agency may consider and respond to public comments on the
associated proposed rule.
Inventory as of this Action
Requested
Previously Approved
36 Months From Approved
0
0
0
0
0
0
0
0
0
[The Electric Quarterly Report (EQR)
has been included within the FERC-516 requirements. Because the
FERC-516 is currently at OMB for review in another docket (final
rule), we provide the information on EQR and the proposed changes
in this NOPR in Docket RM10-12 to OMB under the FERC-920. In the
Final Rule in Docket No. RM10-12, we expect to split the EQR into
this separate collection no. (FERC-920) with a separate new OMB
control no. and to remove EQR from FERC-516.] FERC proposes to
enhance electricity market transparency by requiring certain market
participants that are not subject to Section 205 of the Federal
Power Act to file electric quarterly reports (EQRs). The proposal
would give FERC and the public a more complete picture about how
prices are established or formed by bilateral transactions in the
wholesale electricity markets. It also would improve FERC's ability
to monitor wholesale electricity markets for market power and
manipulation. FERC is taking this step under authority granted in
the Energy Policy Act of 2005. Currently, public utilities must
file EQRs summarizing contractual terms and conditions in their
agreements for cost-based and market-based rate sales and
transmission service, as well as transaction information for
cost-based and market-based rate sales and transmission capacity
reassignments. The RM10-12 Notice of Proposed Rulemaking (NOPR)
would extend those requirements to non-public utilities with annual
wholesale sales of more than 4 million megawatt hours (MWh) and to
non-public utility balancing authorities with 1 million MWh or more
in annual wholesale sales. In addition to proposing that these
non-public utilities file EQRs, the NOPR would refine the reporting
requirements by directing all filers to, among other things: report
the transaction date, time and type of rate; indicate whether the
transaction was reported to an index publisher; identify any broker
or exchange used for a sales transaction; and report electronic tag
ID data.
To facilitate price
transparency in markets for the sale and transmission of electric
energy in interstate commerce, FERC (Commission) proposes to revise
its regulations to require market participants that are excluded
from the Commission's jurisdiction under section 205 of the Federal
Power Act (FPA) and have more than a de minimis market presence to
file Electric Quarterly Reports (EQR) with the Commission. In doing
so, the Commission proposes to exercise its authority under section
220 of the FPA, as adopted in the Energy Policy Act of 2005 (EPAct
2005). This proposal would allow the Commission and the public to
gain a more complete picture of wholesale power and transmission
markets in interstate commerce by providing additional information
concerning price formation and market concentration in these
markets. Public access to additional sales and transmission-related
information in the EQR would improve market participants' ability
to assess supply and demand fundamentals and to price interstate
wholesale market transactions. It also would strengthen the
Commission's ability to identify potential exercises of market
power or manipulation and to better evaluate the competitiveness of
the interstate wholesale markets. In addition, the Commission
proposes to make certain revisions to the existing EQR filing
requirements and apply those revisions to all market participants
filing EQRs. The Commission proposes to revise the EQRs currently
filed by public utilities under FPA section 205(c) and that will be
filed by non-public utilities under FPA section 220. These
revisions include the addition of new fields for: (1) reporting the
transaction date and time, as well as the type of rate; (2)
indicating whether the sales transaction was reported to an index
publisher; (3) identifying the broker or exchange used for a sales
transaction, if applicable; and (4) reporting electronic tag
(e-Tag) ID data. The Commission also proposes to eliminate the time
zone from the contract section and the Data Universal Numbering
System (DUNS) data requirement. Further, the Commission proposes to
standardize the unit for reporting energy and capacity
transactions. These refinements to the existing EQR filing
requirements reflect the evolving nature of electricity markets,
would increase market transparency for the Commission and the
public, and would allow market participants to file the information
in the most efficient manner possible.
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.
rev5_4_11_team edits draftRM10_12support state fromold clear pkg from RM01-8 ombjust.doc
FERC-920, Electric Quarterly Report (EQR in NOPR in RM10-12) [EQR is currently contained in FERC-516]