Prior to the
next submission, FERC will consider any public comments or requests
for clarification concerning the recordkeeping and reporting
requirements that have been appropriately filed with the
Commission.
Inventory as of this Action
Requested
Previously Approved
11/30/2016
36 Months From Approved
05/31/2014
1,101
0
1,101
184,575
0
183,936
0
0
0
A consolidated supporting statement is
being submitted with 5 ICRs (for Forms 1, 1-F, and 3-Q [electric];
FERC-717 and FERC-917) for the final rule in Docket No. RM11-24.
Form 3-Q requires companies to file with FERC 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 final rule (Order 784) in Docket RM11-24,
FERC is revising its regulations to foster competition and
transparency in ancillary services markets. FERC is revising
certain aspects of its current market-based rate regulations,
ancillary services requirements under the pro forma open-access
transmission tariff (OATT), and accounting and reporting
requirements. Specifically, FERC is revising Part 35 of its
regulations to reflect reforms to its Avista policy governing the
sale of ancillary services at market-based rates to public utility
transmission providers. The Commission is also requiring each
public utility transmission provider to add to its OATT Schedule 3
a statement that it will take into account the speed and accuracy
of regulation resources in its determination of reserve
requirements for Regulation and Frequency Response service,
including as it reviews whether a self-supplying customer has made
"alternative comparable arrangements" as required by the Schedule.
The final rule also requires each public utility transmission
provider to post certain Area Control Error data as described in
the final rule. Finally, the Commission is revising the accounting
and reporting requirements under its Uniform System of Accounts for
public utilities and licensees and its forms, statements, and
reports, contained in FERC Form No. 1, FERC Form No. 1-F, and FERC
Form No. 3-Q, to better account for and report transactions
associated with the use of energy storage devices in public utility
operations.
Unrelated to the final rule in
RM11-24, FERC is making administrative changes in reginfo.gov
(ROCIS) and including separate IC's for the electric Form 3-Q and
the gas Form 3-Q. As a result of this administrative separation and
increased detail, the existing burden hours and nos. of respondents
and responses are being allocated between the electric and gas
entities and the corresponding ICs (two ICs rather than being
consolidated in one IC). The final rule in RM11-24 does not affect
the gas Form 3-Q; the rule only affects the electric Form 3-Q by
adding 1 hour of burden per quarterly filing of the Form 3-Q for
the 213 electric entities. (Other electric collections are affected
and detailed in other ICRs for RM11-24.) FERC is revising its
regulations to enhance competition and transparency in ancillary
services markets. The Commission is revising certain aspects of its
current market-based rate regulations, ancillary services
requirements under the pro forma open-access transmission tariff
(OATT), and accounting and reporting requirements. Specifically,
the Commission is revising Part 35 of its regulations to reflect
reforms to its Avista policy governing the sale of ancillary
services at market-based rates to public utility transmission
providers. The Commission is also requiring each public utility
transmission provider to add to its OATT Schedule 3 a statement
that it will take into account the speed and accuracy of regulation
resources in its determination of reserve requirements for
Regulation and Frequency Response service, including as it reviews
whether a self-supplying customer has made "alternative comparable
arrangements" as required by the Schedule. Each public utility
transmission provider is also required to post certain Area Control
Error data on the open access same-time information system (OASIS).
Finally, the Commission is revising the accounting and reporting
requirements under its Uniform System of Accounts for public
utilities and licensees (USofA) and its forms, statements, and
reports, contained in FERC Form No. 1 (Form No. 1), Annual Report
of Major Electric Utilities, Licensees and Others, FERC Form No.
1-F (Form No. 1-F), Annual Report for Nonmajor Public Utilities and
Licensees, and FERC Form No. 3-Q (Form No. 3-Q), Quarterly
Financial Report of Electric Utilities, Licensees, and Natural Gas
Companies, to better account for and report transactions associated
with the use of energy storage devices in public utility
operations.
$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.
Form Form 2/3Q [GAS] FERC-3Q, Quarterly Financial Report of Natural Gas Companies
splitting 3Q gas vs electricv2_8_15_13.xlsx
Final supp state 8_16_2013.doc
3-Q__18CFR141.400.docx
CFR-2013-title18-vol1-sec260-300.pdf
[GAS] FERC-3Q, Quarterly Financial Report of Natural Gas Companies