In accordance
with 5 CFR 1320, the information collection is approved for three
years.
Inventory as of this Action
Requested
Previously Approved
04/30/2019
36 Months From Approved
04/30/2016
1,955
0
1,730
2,933
0
1,730
432,916
0
328,983
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
five year 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 number of respondents will
increase based on the number of companies that apply to and are
approved by the Commission to sell under market based rates. The
number of companies that apply are driven by industry and does not
change due to agency discretion. In addition, the bulk of the
burden adjustment is due to FERC staff correcting the accounting
for labor hours related to electronic storage.
$5,193
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.