FERC-555, Preservation of Records for Public Utilities and Licensees, Natural Gas and Oil Pipeline Companies.

Forms and Documents

Document Name	Status
FERC-555 Supporting Statement (2013).doc Supporting Statement A	2014-04-16
Statutues and Regs.doc Supplementary Document	2010-11-29

IC Document Collections

IC ID	Document Title	Status
23079	FERC-555, Preservation of Records for Public Utilities and Licensees, Natural Gas and Oil Pipeline Companies.	Modified

ICR Details

OMB Control No: 1902-0098	ICR Reference No: 201312-1902-003
Status: Historical Active	Previous ICR Reference No: 201011-1902-006
Agency/Subagency: FERC	Agency Tracking No: FERC-555
Title: FERC-555, Preservation of Records for Public Utilities and Licensees, Natural Gas and Oil Pipeline Companies.
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 with change	Conclusion Date: 05/27/2014
	Date Received in OIRA: 12/24/2013
Terms of Clearance: In accordance with 5 CFR 1320, the information collection is approved for 3 years.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	05/31/2017	36 Months From Approved	05/31/2014
Responses	509	0	475
Time Burden (Hours)	2,655,962	0	2,359,800
Cost Burden (Dollars)	78,242,971	0	72,400,925

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Abstract: FERC's records retention regulations cover records maintained by public utilities and licensees, natural gas and oil pipeline companies. These records serve as the basis for required rate filings and reports submitted to FERC. The records are retained in order to be reviewed by FERC staff during compliance reviews, audits, special analyses performed as deemed necessary by FERC, and serve as a basis in complaint proceedings. The record retention requirements have not changed.

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Authorizing Statute(s): US Code: 16 USC 792-828o, Sec. 301, 304, 309 Name of Law: Federal Power Act
   US Code: 15 USC 717-717w, Sec. 8, 10, 16 Name of Law: Natural Gas Act
   US Code: 49 USC 60502 Name of Law: Interstate Commerce 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:
	78 FR 61983	10/09/2013
30-day Notice:	Federal Register Citation:	Citation Date:
	78 FR 77111	12/20/2013
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
FERC-555, Preservation of Records for Public Utilities and Licensees, Natural Gas and Oil Pipeline Companies.

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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	509	475	0	0	34	0
Annual Time Burden (Hours)	2,655,962	2,359,800	0	0	296,162	0
Annual Cost Burden (Dollars)	78,242,971	72,400,925	0	0	5,842,046	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 Commission found that the estimated number of respondents increased from 475 to 509 entities. The Commission also found that the proportion of large entities increased (31% to 34%) while the proportion of medium sized entities decreased (36% to 33%) relative to the total number of entities. Because the Commission's estimate is partially calculated based on size mix among the respondents, the average burden hours per entity also increased (from 4,968 hours per entity to 5,218). Finally, the Commission updated some of the wage figures, which also contributed to the change in burden hours per entity and in the change to the cost figures. The Commission did not change any of the record retention requirements. These burden changes are solely adjustments to the estimates.

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Annual Cost to Federal Government: $2,250

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: 12/24/2013

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