OMB files this
comment in accordance with 5 CFR 1320.11(c) of the Paperwork
Reduction Act and is withholding approval of this collection at
this time. This OMB action is not an approval to conduct or sponsor
an information collection under the Paperwork Reduction Act of
1995. The agency shall examine public comment in response to the
Notice of Proposed Rulemaking and will include in the supporting
statement of the next ICR, to be submitted to OMB at the final rule
stage, a description of how the agency has responded to any public
comments on the ICR. This action has no effect on any current
approvals.
Inventory as of this Action
Requested
Previously Approved
36 Months From Approved
0
0
0
0
0
0
0
0
0
FERC-920(A) is a temporary information
collection no. because FERC-920 (where this requirement should be
located) is pending OMB review of an unrelated action, and only one
item per OMB Control No. may be pending OMB review at a time. NOPR
in RM16-17. FERC proposes to revise its regulations to collect
certain data for analytics and surveillance purposes from
market-based rate (MBR) sellers and entities trading virtual
products or holding financial transmission rights and to change
certain aspects of the substance and format of information
submitted for MBR purposes. The revisions proposed herein include
new requirements for those entities to report certain information
about their legal and financial connections to other entities to
assist the Commission in its analytics and surveillance efforts.
The Commission previously proposed to require certain market
participants in the Commission-jurisdictional organized wholesale
electric markets to file similar information about their financial
and legal connections in the Collection of Connected Entity Data
from Regional Transmission Organizations and Independent System
Operators Notice of Proposed Rulemaking issued in Docket No.
RM15-23-000 (Connected Entity NOPR). However, as described herein,
this proposal presents substantial revisions from what the
Commission proposed in the Connected Entity NOPR, including, among
other things: (i) a different set of filers; (ii) a reworked and
substantially narrowed definition of Connected Entity; and (iii) a
different submission process. With respect to the MBR program, the
proposals include: (i) adopting certain changes to reduce and
clarify the scope of ownership information that MBR sellers must
provide, similar to the notice of proposed rulemaking issued in
Docket No. RM16-3-000 (Ownership NOPR); (ii) reducing the
information required in asset appendices; and (iii) collecting
currently- required MBR information and certain new information in
a consolidated and streamlined manner. The Commission proposes all
of these changes in order to eliminate duplication, ease compliance
burdens, modernize its data collections, and render information
collected through its programs usable and accessible for the
Commission and its staff. In furtherance of this effort, in orders
being issued concurrently with the instant NOPR, the Commission
withdraws the Connected Entity NOPR issued in Docket No.
RM15-23-000 and the Ownership NOPR issued in Docket No. RM16-3-000.
The Commission also proposes to eliminate the requirement that MBR
sellers submit corporate organizational charts adopted in Order No.
816 in Docket No. RM14 14 000. THE NOPR requests comments on an
alternative which would include requiring LEI information be
included in the FERC-920 EQR filing [triggering this ICR].
FERC proposed to improve its
surveillance of wholesale power markets by revising regulations to
collect certain data for analytics and surveillance purposes and to
change certain aspects of the substance and format of information
submitted for market-based rate purposes. The Notice of Proposed
Rulemaking (NOPR) in RM16-17 attempts to avoid duplication,
minimize compliance burdens, modernize data collections and make
information collected through its programs more usable and
accessible for the Commission and its staff. These data collection
requirements would apply to all market-based rate sellers and
entities trading virtual products or holding financial transmission
rights. The NOPR reflects departures from the September 2015
proposed rule on connected entity data (RM15-23-000), and it
proposes to adopt changes similar to those in the December 2015
proposed rulemaking on ownership information in market-based rate
filings (RM16-3-000). The NOPR in RM16-17 includes a reworked and
substantially narrowed definition of connected entity. It also
proposes to adopt certain changes to reduce and clarify the scope
of ownership information that market-based rate sellers must
provide, revise the information required in asset appendices and
eliminate the requirement from Order No. 816 that market-based rate
sellers submit corporate organizational charts. The NOPR proposes
that entities submit all of the information in a consolidated and
streamlined manner. FERC intends to conduct substantial outreach
and convene technical workshops during which staff will seek input
on the data dictionary and the submittal process. The first
workshop on the data dictionary is Thursday, August 11. As a result
of the NOPR, the Commission also withdrew the two earlier proposals
(NOPRs in RM15-23-000 and RM16-3-000).
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.
RM16-17NOPR SupportingStatement 8-10-16729.docx
USCODE-2011-title16-chap12-subchapII-sec824t.pdf
NOPR in RM16-17, One-time implementation in Yr. 1, averaged over Years 1-3