FERC-915, Public Utility Market-Based Rate Authorization Holders – Records Retention Requirements

ICR 201509-1902-003

OMB: 1902-0250

Federal Form Document

Forms and Documents
Document
Name
Status
Supplementary Document
2016-04-05
Supporting Statement A
2016-04-06
Supplementary Document
2015-09-03
Supplementary Document
2015-09-03
Supplementary Document
2015-09-03
Supplementary Document
2015-09-03
Supplementary Document
2015-09-03
ICR Details
1902-0250 201509-1902-003
Historical Active 201208-1902-001
FERC FERC-915
FERC-915, Public Utility Market-Based Rate Authorization Holders – Records Retention Requirements
Extension without change of a currently approved collection   No
Regular
Approved with change 04/06/2016
Retrieve Notice of Action (NOA) 09/15/2015
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.

US Code: 16 USC 791-825r Name of Law: Federal Power Act
  
None

Not associated with rulemaking

  80 FR 28264 05/18/2015
80 FR 52469 08/31/2015
No

1
IC Title Form No. Form Name
FERC-915, Public Utility Market-Based Rate Authorization Holders – Records Retention Requirements

  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 1,955 1,730 0 0 225 0
Annual Time Burden (Hours) 2,933 1,730 0 0 1,203 0
Annual Cost Burden (Dollars) 432,916 328,983 0 0 103,933 0
No
No
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.
09/15/2015


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