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.
table that charts list comparision
Inventory as of this Action
Requested
Previously Approved
36 Months From Approved
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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