FERC-60 Annual Reports Of Centralized Service Companies, FERC–61 Narrative Description Of Service Company Functions, & FERC-555A Preservation of Records for Service Companies Subject to PUHCA 2005

Forms and Documents

Document Name	Status
Form 60 Annual Report for Centralized Service Companies Form and Instruction	Modified
FINAL IC13-3-000 (FERC-60 61 555A) Supporting Statement.docx Supporting Statement A	2013-02-26
18 CFR 369.pdf Supplementary Document	2013-02-25
18 CFR 368.pdf Supplementary Document	2013-02-25
18 CFR 366.23.pdf Supplementary Document	2013-02-25
PUBLISHED IC13-3-000 (FERC-60 61 555A) 30 dy.pdf Supplementary Document	2013-02-25
PUBLISHED IC13-3-000 (FERC-60 61 555A) 60 dy.pdf Supplementary Document	2013-02-25

IC Document Collections

IC ID	Document Title	Status
45927	Narrative Description of Service Company Functions	Modified
45926	Preservation of Records for Service Companies Subject to PUHCA	Modified
23261	Annual Report for Centralized Service Companies Form and Instruction	Modified

ICR Details

OMB Control No: 1902-0215	ICR Reference No: 201302-1902-001
Status: Historical Active	Previous ICR Reference No: 201001-1902-005
Agency/Subagency: FERC	Agency Tracking No: FERC-60, -61, & -555A
Title: FERC-60 Annual Reports Of Centralized Service Companies, FERC–61 Narrative Description Of Service Company Functions, & FERC-555A Preservation of Records for Service Companies Subject to PUHCA 2005
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: 04/05/2013
	Date Received in OIRA: 02/26/2013
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	04/30/2016	36 Months From Approved	04/30/2013
Responses	216	0	160
Time Burden (Hours)	110,591	0	110,861
Cost Burden (Dollars)	39,526	0	1,912,341

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Abstract: Section 1264 of PUHCA 2005 concerns FERC access to the books and records of holding companies and other companies in holding company systems, and Section 1275 of PUHCA 2005 addresses FERC's review and authorization of the allocation of costs for non-power goods or administrative or management services when requested by a holding company system or state commission. Section 1264 and Section 1275 of PUHCA supplement the Commission's existing authorities under the Federal Power Act (FPA) and the Natural Gas Act (NGA) to protect customers against improper cross-subsidization or encumbrances of assets including the Commission's authority under FPA Section 301 and NGA Section 8 to obtain the books and records of regulated companies and any person that controls or is controlled by these companies if relevant to jurisdictional activities. Sections 1264(a) and (b) of EPAct 2005 provide that each holding company and each associate of a holding company will maintain and make available to FERC "such books, accounts, memoranda, and other records as the Commission determines are relevant to the costs incurred by a public utility or natural gas company that is an associate of such holding company and necessary or appropriate for the protection of the public utility or natural gas company customers with respect to jurisdictional rates." Section 1264(c) empowers FERC to examine the books and records of any company in a holding company system, or any affiliate thereof, that FERC determines are relevant to the costs incurred by a public utility or natural gas company within the holding company system and necessary or appropriate for the protection of public utility or natural gas customers with respect to jurisdictional rates. Further, Congress has enhanced FERC's existing authorities over public utility mergers, acquisitions and dispositions of jurisdictional facilities regarding the electric industry. Since 1935, the Commission has regulated certain electric utility activities under the Federal Power Act (FPA). Under FPA Sections 205 and 206, the Commission oversees the rates, terms, and conditions of sales for resale of electric energy and transmission service in interstate commerce by public utilities. The Commission must ensure that those rates, terms and conditions are just and reasonable and are not unduly discriminatory or preferential. Under FPA Section 203, the Commission reviews mergers and other asset transfers involving public utilities. The Commission's role in the natural gas industry is primarily defined by the Natural Gas Act of 1938 (NGA). Under the NGA, the Commission regulates the construction of new natural gas pipelines, liquefied natural gas terminals and related facilities. The NGA also enables the Commission to oversee the rates, terms and conditions of sales for resale and transportation of natural gas in interstate commerce. The Commission utilizes its existing FPA and NGA authorities (in combination with its enhanced authority over public utility mergers, acquisitions, and disposition of jurisdictional facilities) in conjunction with the authorities under PUHCA 2005 to provide a sound framework to protect customers. If the Commission did not conduct the collection of data for FERC-60, FERC-61, or the records retention requirements (FERC-555A), the Commission would not be able to meet its statutory responsibilities under NGA, FPA, EPAct 2005 or PUHCA 2005. The Commission would not have all of the regulatory mechanisms necessary to ensure customer protection.

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Authorizing Statute(s): PL: Pub.L. 109 - 58 1261-1277 Name of Law: Energy Policy Act of 2005
   US Code: 42 USC 16451 et seq. Name of Law: Public Utility Holding Company Act of 2005 (PUHCA 2005)
  

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:
	77 FR 70996	11/28/2012
30-day Notice:	Federal Register Citation:	Citation Date:
	78 FR 9679	02/11/2013
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 3

IC Title	Form No.	Form Name
Annual Report for Centralized Service Companies	60	Annual Report of Centralized Service Companies
Narrative Description of Service Company Functions
Preservation of Records for Service Companies Subject to PUHCA

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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	216	160	0	0	56	0
Annual Time Burden (Hours)	110,591	110,861	0	0	-270	0
Annual Cost Burden (Dollars)	39,526	1,912,341	0	1	-1,872,816	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: The requirements within FERC-60 did not change. However, the Commission proposes four less filers for this clearance (from 38 to 34 respondents) due to the consolidation of part of the respondent universe and the discontinuance of some centralized service companies. The requirements within FERC-61 did not change. However, the Commission proposes 60 more filers for this clearance (from 22 to 82 respondents) due to respondents' ability to either file individually or to have a holding company file for a group of companies per 18 CFR 366.23(a)(2). The requirements within FERC-555A did not change. Thus, there is no significant change in burden from the last date of submittal. The Commission proposes a net increase of 56 respondents to the annual number of responses associated with FERC-60/61/555A. The Commission proposes no significant change in annual time burden. The proposed clearance package illustrates a significant decrease to the annual cost burden for these information collections. This is due primarily to 1) a previous error in accounting for capital investment and non-labor costs and 2) a large reduction in storage costs due the ongoing implementation of digital (i.e. cheaper) storage and record-keeping. See the supporting statement for more details.

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Annual Cost to Federal Government: $217,616

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: 02/26/2013

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