In accordance
with 5 CFR 1320, the information collection is approved for three
years. OMB encourages FERC to reach out to the Bureau of Economic
Analysis (BEA) (and any other commenters) to discuss the data needs
BEA identified during the review of this information collection
request renewal and to determine whether possible efficiencies (to
the federal government and industry) may be made by including
additional data or information requirements in this form in the
future.
Inventory as of this Action
Requested
Previously Approved
12/31/2019
36 Months From Approved
12/31/2016
1,140
0
1,101
191,019
0
184,575
0
0
0
A consolidated supporting statement is
being submitted for Forms 1, 1-F, and 3-Q [electric and gas). Form
3-Q requires companies to file with FERC a complete set of
quarterly financial statements. Most of the information contained
in these forms is the same information currently submitted on an
annual basis. Quarterly reporting of financial information permits
the Commission to better understand trends and other factors that
may affect an entity's liquidity position, its commitments of
capital expenditures, its sources of financing, along with changes
in the amount of assets, liabilities, debt and equity used in its
business. Transparent accounting and more frequent financial
reporting play an important role in achieving vigilant oversight of
market participants. More frequent financial reporting provides
needed insight into the opportunities and risks facing the energy
industry as the Commission considers and assesses the affects of
its regulatory initiatives. The Commission shares the view that
quarterly reporting enhances its overall decision making process by
providing more timely, useful and relevant data to the decision
making process.
Non-substantive updates [e.g.,
to estimated average number of burden hours and addresses for FERC
and OMB] are being made to the instructions as noted in Attachment
A of the supporting statement. There are no changes to the
reporting requirements. However, total responses may vary in the
future depending on the companies self-identifying as a required
filer based on the classifications outlined in the CFR. (For the
Forms 3-Q, the number of filers has been updated due to
fluctuations in industry (e.g., companies merging/splitting and
entering/exiting the industries), and the average number of
estimated hours per response have been rounded.)
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.
Form Form 2/3Q [GAS] FERC-3Q, Quarterly Financial Report of Natural Gas Companies
IC16-11_1_1F_3Q_supp state_10-3-2016__correction to 15 for 3Q.doc
IC16-11 30day_1_1F-3Q_FR2016-23681.pdf
IC16-11_1_1F_3Q_20160926-3001.docx
[GAS] FERC-3Q, Quarterly Financial Report of Natural Gas Companies