FERC-730, Report of Transmission Investment Activity

Forms and Documents

Document Name	Status
Form 730 Report of Transmission Investment Activity Form	Modified
FERC-730 supporting statement FINAL.docx Supporting Statement A	2016-04-05
FERC-730 30-day notice.pdf Supplementary Document	2016-04-04
FERC-730 60-day notice.pdf Supplementary Document	2016-04-04
Public Law 109-58 (EPAct 2005).pdf Supplementary Document	2016-03-23
18 CFR 35.35(h).pdf Supplementary Document	2016-03-23
18 CFR 101.pdf Supplementary Document	2016-03-23

IC Document Collections

IC ID	Document Title	Status
46597	Report of Transmission Investment Activity Form	Modified

ICR Details

OMB Control No: 1902-0239	ICR Reference No: 201603-1902-008
Status: Historical Active	Previous ICR Reference No: 201303-1902-011
Agency/Subagency: FERC	Agency Tracking No: FERC-730
Title: FERC-730, Report of Transmission Investment Activity
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 without change	Conclusion Date: 06/09/2016
	Date Received in OIRA: 04/05/2016
Terms of Clearance: In accordance with 5 CFR 1320, the information collection is approved for three years.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	06/30/2019	36 Months From Approved	06/30/2016
Responses	63	0	63
Time Burden (Hours)	1,890	0	1,890
Cost Burden (Dollars)	0	0	0

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Abstract: 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).

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Authorizing Statute(s): PL: Pub.L. 109 - 58 1241 Name of Law: Energy Policy Act of 2005
  

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:
	80 FR 80355	12/24/2015
30-day Notice:	Federal Register Citation:	Citation Date:
	81 FR 16168	03/25/2016
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
Report of Transmission Investment Activity	730	Report of Transmission Investment Activity

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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	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

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:

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Annual Cost to Federal Government: $50,040

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: 04/05/2016

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