FERC-523, Application for Authorization for the Issuance of Securities or the Assumption of Liabilities

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
16 USC 824c.pdf	Supplementary Document	Uploaded 2014-08-07	Available
FERC Form 523 Supporting Statement (updated 10-9-2014).docx	Supporting Statement A	Uploaded 2014-10-09	Available
FERC Form 2 Form 2A 523 30-day notice.pdf	Supplementary Document	Uploaded 2014-08-07	Available
FERC-523 60-day notice correction.pdf	Supplementary Document	Uploaded 2014-08-07	Available
18 CFR 131.50.pdf	Supplementary Document	Uploaded 2014-08-07	Available
18 CFR 131.43.pdf	Supplementary Document	Uploaded 2014-08-07	Available
18 CFR 34.pdf	Supplementary Document	Uploaded 2014-08-07	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
22969	Application for Authorization for the Issuance of Securities or the Assumption of Liabilities		Modified

ICR Details

OMB Control No: 1902-0043	ICR Reference No: 201407-1902-009
Status: Historical Active	Previous ICR Reference No: 201109-1902-002
Agency/Subagency: FERC	Agency Tracking No: FERC-523
Title: FERC-523, Application for Authorization for the Issuance of Securities or the Assumption of Liabilities
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: 10/09/2014
	Date Received in OIRA: 08/07/2014
Terms of Clearance: In accordance with 5 CFR 1320, the information collection is approved for three years.

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/2017	36 Months From Approved	10/31/2014
Responses	56	0	133
Time Burden (Hours)	3,920	0	9,363
Cost Burden (Dollars)	0	0	0

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Abstract: The Commission collects FERC-523 information via 18 CFR 34, 131.43, and 131.50. The collection includes a variety of information. In these filings, applicant(s) describe the securities that the company proposes to issue. Additionally, applicant(s) indicate the purpose of the securities and whether or not the company will file any part of the application with any state. Applicant(s) provide a detailed statement of the facts upon which the applicant relies as well as a statement of the bond indentures or other limitations on interest and dividend coverage. These applicant(s) identify the effects of the limitations on the issuance of additional debt or equity securities. And finally, applicant(s) must provide a brief statement of any rate changes made effective during the subject period. The Commission issues an approval order if it finds that the issuance of any security or assumption of any obligation meets the following criteria: • it is for "lawful object" within the corporate purposes of the applicant and compatible with the public interest; • it is necessary or appropriate for or consistent with the proper performance by the applicant of service as a public utility; and • it will not impair the applicant's ability to perform service and is reasonably necessary or appropriate to perform service. The Commission uses this information to determine whether to approve an application for authorization to issue securities or to assume an obligation or liability by the public utilities and their licensees who make these applications. If the information were not collected, the Commission would not be able to comply with the FPA directives.

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Authorizing Statute(s): US Code: 16 USC 824c Name of Law: Federal Power 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:
	79 FR 30599	05/28/2014
30-day Notice:	Federal Register Citation:	Citation Date:
	79 FR 45437	08/05/2014
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

table that charts list of burden

IC Title	Form No.	Form Name
Application for Authorization for the Issuance of Securities or the Assumption of Liabilities

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ICR Summary of Burden

table that charts list 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	56	133	0	0	-77	0
Annual Time Burden (Hours)	3,920	9,363	0	0	-5,443	0
Annual Cost Burden (Dollars)	0	0	0	0	0	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: There are no changes to the FERC-523 reporting requirements. However, we are reporting 77 less responses in this clearance package due entirely to an over estimation in the last clearance. FERC staff has reviewed the applications received, studied current trends in FERC-523 reporting, and adjusted the burden estimate appropriately.

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Annual Cost to Federal Government: $298,274

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: 08/07/2014

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