In accordance
with 5 CFR 1320, the information collection is approved for three
years.
Inventory as of this Action
Requested
Previously Approved
11/30/2015
36 Months From Approved
11/30/2012
1,730
0
1,150
1,730
0
1,150
328,983
0
439,408
In accordance with the Federal Power
Act (FPA), the Department of Energy Organization Act (DOE Act), and
the Energy Policy Act of 2005 (EPAct 2005) the Commission regulates
the transmission and wholesale sales of electricity in interstate
commerce, monitors and investigates energy markets, uses civil
penalties and other means against energy organizations and
individuals who violate Commission rules in the energy markets,
administers accounting and financial reporting regulations, and
oversees conduct of regulated companies. The Commission has the
regulatory responsibility under section 205 of the Federal Power
Act to ensure that wholesale sales of electricity are just and
reasonable and provided in a non-discriminatory manner. Due to 18
CFR 35.41(d), the Commission requires all sellers with market-based
rates to retain all relevant sales documents for five years.
Relevant documents include all information upon which a seller
billed the prices it charged for electric energy or electric energy
products sold pursuant to seller's market-based rate tariff and the
prices it reported for use in price indices. In addition to the
fiveyear record retention requirements previously highlighted, the
five-year statute of limitations applies where the Commission seeks
civil penalties for violations of the Anti-Manipulation rule or
other rules, regulations, or orders to which the price information
may be relevant.
The total estimated burden of
the FERC-915 increased due to the Commission's approval of new
applications for entities to sell under market-based rates (i.e.
the number of respondents increased). Therefore, the quantity of
respondents increased from the previously approved information
collection and the currently presented one. It is important to note
that the quantity of responses is constantly in flux relative to
market participation and application approval. Conversely, the
annual cost burden decreased despite the increased quantity of
responses. This is due to increased reliance on electronic storage
which lowered record retention costs for 50% of respondents and,
thus, lowered the total resultant annual cost burden. Additionally,
the previously approved information collection incorporated labor
costs into the total annual cost burden to respondents. The
Commission has corrected this error (i.e. labor costs are now
contained within the total estimated burden upon respondents in
item #12 of the supporting statement) in the data presented here
and, accordingly, lowered the annual cost burden further.
$1,588
No
No
No
No
No
Uncollected
Astrid Rapp 202
502-6264
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.
FINAL IC12-13-000 (FERC-915)-supp statement.doc
28 CFR 2462.pdf
FERC-915, Public Utility Market-Based Rate Authorization Holders Records Retention Requirements