FERC-730, Report of Transmission Investment Activity

ICR 201603-1902-008

OMB: 1902-0239

Federal Form Document

Forms and Documents
Document
Name
Status
Form
Modified
Supporting Statement A
2016-04-05
Supplementary Document
2016-04-04
Supplementary Document
2016-04-04
Supplementary Document
2016-03-23
Supplementary Document
2016-03-23
Supplementary Document
2016-03-23
IC Document Collections
IC ID
Document
Title
Status
46597 Modified
ICR Details
1902-0239 201603-1902-008
Historical Active 201303-1902-011
FERC FERC-730
FERC-730, Report of Transmission Investment Activity
Extension without change of a currently approved collection   No
Regular
Approved without change 06/09/2016
Retrieve Notice of Action (NOA) 04/05/2016
In accordance with 5 CFR 1320, the information collection is approved for three years.
  Inventory as of this Action Requested Previously Approved
06/30/2019 36 Months From Approved 06/30/2016
63 0 63
1,890 0 1,890
0 0 0

The information collected in the FERC-730 is necessary for the Commission to evaluate its incentive rates policies, and to demonstrate the effectiveness of these policies. The FERC-730 filing requirement allows the Commission to track the progress of electric transmission projects that have been granted incentive-based rates, providing an accurate assessment of the state of the industry with respect to transmission investment, and ensuring that incentive rates are effective in encouraging the development of appropriate transmission infrastructure. To promote the development of needed energy infrastructure, Congress enacted section 1241 of the Energy Policy Act of 2005, which added a new section 219 to the Federal Power Act (FPA). Section 219 of the FPA required that the Commission issue a rule allowing incentive-based rate treatments to promote capital investment in the enlargement, improvement, maintenance, and operation of transmission facilities. To comply with these FPA requirements, the Commission issued Order No. 679 in 2006. Order 679 allowed public utilities participating in interstate commerce to apply for certain incentives, including: (1) a rate of return on equity sufficient to attract new investment in transmission facilities, (2) 100% of prudently incurred Construction Work in Progress (CWIP) in rate base, (3) recovery of prudently incurred pre-commercial operations costs, (4) accelerated depreciation, (5) hypothetical capital structure, and (6) recovery of 100% of prudently incurred costs of transmission facilities that are cancelled or abandoned due to factors beyond the control of the public utility. The Commission's incentive rates policies under Order No. 679 aim to ensure reliability and reduce the cost of delivered power by decreasing transmission congestion. The Commission created FERC-730 to better inform its incentive rate policies, ensuring that they encourage appropriate infrastructure development and meet the requirements of FPA section 219. FERC-730 is an annual filing requirement for utilities that have been granted incentive-based rates. Utilities must file the following information in FERC-730: actual monetary investment for the most recent calendar year; planned investments for the next five years; and a project-by-project listing that includes each project planned for investment over the next five years and specifies expected completion date, percentage completion as of the filing date, and any reasons for delay. The filing requirements of FERC-730 are codified under 18 CFR §35.35(h).

PL: Pub.L. 109 - 58 1241 Name of Law: Energy Policy Act of 2005
  
None

Not associated with rulemaking

  80 FR 80355 12/24/2015
81 FR 16168 03/25/2016
No

1
IC Title Form No. Form Name
Report of Transmission Investment Activity 730 Report of Transmission Investment Activity

  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 63 63 0 0 0 0
Annual Time Burden (Hours) 1,890 1,890 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$50,040
No
No
No
No
No
Uncollected
Robert Hudson 202 502-6620

  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.
04/05/2016


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