In accordance
with 5 CFR 1320, the information collection is approved for three
years.
Inventory as of this Action
Requested
Previously Approved
12/31/2014
36 Months From Approved
12/31/2011
5
0
4
580
0
463
0
0
0
In accordance with sections 304 and
309 of the Federal Power Act, FERC is authorized to collect and
record data to the extent it considers necessary, and to prescribe
rules and regulations concerning accounts, records and memoranda.
The Commission may prescribe a system of accounts for
jurisdictional companies and after notice and an opportunity for
hearing may determine the accounts in which particular outlays and
receipts will be entered, charged or credited. The Form 1-F is
designed to collect financial and operational information from
nonmajor public utilities and licensees. Public utilities and
licensees that are not classified as major and had total sales in
each of the last three consecutive years of 10,000 megawatt-hours
or more are classified as nonmajor. The Commission collects Form
No. 1-F information as prescribed in 18 CFR 141.2. Under the
existing regulations FERC jurisdictional entities subject to its
Uniform System of Accounts must annually file with the Commission a
complete set of financial statements, along with other selected
financial and non financial data through the submission of FERC
Annual Report Form 1-F. The FERC Annual Report Forms provide the
Commission, as well as others, with an informative picture of the
jurisdictional entities financial condition along with other
relevant data that is used by the Commission, as well as others, in
making economic judgments about the entity or its
industry.
The form itself remains
unchanged from what it was previously. The only changes in the
burden are agency adjustments resulting from slight changes in the
number of entities filing the forms and a slight increase in the
estimated burden per response. The estimated number of entities
that must file the FERC Form 1-F has increased by 1 since 2008.
This is due to normal fluctuations in the market, not to any
special circumstances. The average burden per response has been
rounded up by .25 because the Commission did not see the value of
estimating out two decimal places. The average burden hours per
response for the Form 1F is based on the Commission's estimate over
many years of collecting this form.
$15,812
No
No
No
No
No
Uncollected
Thomas Rieley 202
502-6203
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.