FERC-523, Application for Authorization for the Issuance of Securities or the Assumption of Liabilities,

Forms and Documents

Document Name	Status
FERC-523_(2011)_Justification_v6.doc Supporting Statement A	2011-09-14
523 errata (2011) issued.doc Supplementary Document	2011-09-14
Securities application example (2011).pdf Supplementary Document	2011-09-07
Report of securities example (2011).pdf Supplementary Document	2011-09-07

IC Document Collections

IC ID	Document Title	Status
22969	Application for Authorization for the Issuance of Securities or the Assumption of Liabilities	Modified

ICR Details

OMB Control No: 1902-0043	ICR Reference No: 201109-1902-002
Status: Historical Active	Previous ICR Reference No: 200807-1902-001
Agency/Subagency: FERC	Agency Tracking No: FERC-523
Title: FERC-523, Application for Authorization for the Issuance of Securities or the Assumption of Liabilities,
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 10/14/2011
	Date Received in OIRA: 09/14/2011
Terms of Clearance: In accordance with 5 CFR 1320, the information collection is approved for three years.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/2014	36 Months From Approved	10/31/2011
Responses	133	0	60
Time Burden (Hours)	9,363	0	4,224
Cost Burden (Dollars)	0	0	0

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Abstract: Federal Power Act (FPA) section 204, 16 U.S.C. 824c, prohibits public utilities and licensees from issuing any security and assuming any obligation or liability as guarantor, endorser, surety, or otherwise in respect of any security of another person, unless they have submitted an application to the Commission and receive Commission authority to do so. To support this directive, the Commission through 18 CFR part 34, and sections 131.43 and 131.50 collects FERC-523 information. Included in this collection is a variety of information. Filers describe the securities that the company proposes to issue. They tell the purpose of the securities and whether or not the company will file any part of the application with any state. Filers provide a detailed statement of the facts upon which the applicant relies as well as a statement of the bond indentures or other limitations on interest and dividend coverage. They identify the effects of the limitations on the issuance of additional debt or equity securities. And finally, filers must provide a brief statement of any rate changes made effective during the subject period. The Commission issues an approval order if it finds that the security issue or assumption meets three criteria. First, it is for "lawful object" within the corporate purposes of the applicant and compatible with the public interest. Second, it is necessary or appropriate for or consistent with the proper performance by the applicant as a public utility. Third, it will not impair the applicant's ability to perform service and is reasonably necessary or appropriate to perform service.

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Authorizing Statute(s): US Code: 16 USC 824c Name of Law: Federal Power Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	76 FR 35870	06/20/2011
30-day Notice:	Federal Register Citation:	Citation Date:
	76 FR 54749	09/07/2011
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Application for Authorization for the Issuance of Securities or the Assumption of Liabilities

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ICR Summary of Burden

	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	133	60	0	0	73	0
Annual Time Burden (Hours)	9,363	4,224	0	0	5,139	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: There was an increase from 60 to currently 78 utilities filing annually. An increase from 1 to 1.7 filings per utility annually was also seen. This results in a net burden increase of 5,139 hours for this collection. The Commission considers this a normal fluctuation due to market activities and filing times chosen. Utilities file periodically, therefore the number of filings are expected to continue to fluctuate from year-to-year.

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Annual Cost to Federal Government: $286,319

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 09/14/2011

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