FERC-3Q, [RM07-9-003, RM07-9-004] Quarterly Financial Report of Electric Utilities, Licensees, and Natural Gas Companies

ICR 201109-1902-001

OMB: 1902-0205

Federal Form Document

Forms and Documents
Document
Name
Status
Form and Instruction
Modified
Justification for No Material/Nonsubstantive Change
2011-09-06
Supplementary Document
2011-09-06
Supporting Statement A
2011-02-01
Supplementary Document
2011-01-27
Supplementary Document
2011-01-27
ICR Details
1902-0205 201109-1902-001
Historical Active 201101-1902-004
FERC FERC Form 3-Q
FERC-3Q, [RM07-9-003, RM07-9-004] Quarterly Financial Report of Electric Utilities, Licensees, and Natural Gas Companies
No material or nonsubstantive change to a currently approved collection   No
Regular
Approved without change 10/31/2011
Retrieve Notice of Action (NOA) 09/13/2011
In accordance with 5 CFR 1320, the non-substantive change of the information collection is approved. The terms of the previous clearance remain in effect.
  Inventory as of this Action Requested Previously Approved
05/31/2014 05/31/2014 05/31/2014
1,101 0 1,101
183,936 0 183,936
0 0 0

"Quarterly Financial Report of Electric Utilities, Licensees, and Natural Gas Companies," requires companies to file with the Commission a complete set of quarterly financial statements. Most of the information contained in these forms is the same information currently submitted on an annual basis. Quarterly reporting of financial information permits the Commission to better understand trends and other factors that may affect an entity's liquidity position, its commitments of capital expenditures, its sources of financing, along with changes in the amount of assets, liabilities, debt and equity used in its business. Transparent accountings and more frequent financial reporting play an important role in achieving vigilant oversight of market participants. More frequent financial reporting provides needed insight into the opportunities and risks facing the energy industry as the Commission considers and assesses the affects of its regulatory initiatives. The Commission shares the view that quarterly reporting enhances its overall decision making process by providing more timely, useful and relevant data to the decision making process. In the order on rehearing the Commission generally denies rehearing and reaffirms the findings made in Order No. 710-B (Final Rule in Docket No. RM07-9-003). The Commission does, however, grant rehearing on the issue of whether to include Page 521d and grant additional time to comply with Order No. 710-B. Further, in response to comments, the Commission is revising its burden estimates for the FERC Form Nos. 2 and 2-A.

US Code: 16 USC 825c, 825h Name of Law: Federal Power Act
  
None

1902-AE11 Final or interim final rulemaking 76 FR 4516 01/26/2011

Yes

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 1,101 1,101 0 0 0 0
Annual Time Burden (Hours) 183,936 183,936 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$81,495
No
No
No
No
No
Uncollected
Brian Holmes 202 219-2618

  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.
09/13/2011


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