FERC Form No. 520, Application for Authority to Hold Interlocking Interlocking Directorate Positions

ICR 201707-1902-002

OMB: 1902-0083

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2017-07-19
Supplementary Document
2017-07-19
Supplementary Document
2017-07-19
Supplementary Document
2017-07-19
Supplementary Document
2017-07-19
Supplementary Document
2017-07-18
Supplementary Document
2017-07-18
Supplementary Document
2017-07-18
Supplementary Document
2017-07-18
IC Document Collections
ICR Details
1902-0083 201707-1902-002
Historical Active 201406-1902-007
FERC FERC-520
FERC Form No. 520, Application for Authority to Hold Interlocking Interlocking Directorate Positions
Extension without change of a currently approved collection   No
Regular
Approved without change 10/27/2017
Retrieve Notice of Action (NOA) 07/19/2017
In accordance with 5 CFR 1320, the information collection is approved for three years.
  Inventory as of this Action Requested Previously Approved
10/31/2020 36 Months From Approved 10/31/2017
716 0 718
4,850 0 7,845
0 0 0

The FERC-520 (Application for Authority to Hold Interlocking Directorate Positions) is an application requesting FERC authorization for board members of regulated electric utilities who plan to simultaneously hold positions on corporate boards of related or similar entities. This occurrence is known as an "interlocking directorate". Under the FPA, the holding of specific interlocking directorates is unlawful unless the Commission has authorized the interlocks to be held. Before assuming an interlocking position, an applicant must demonstrate that neither public nor private interests will be adversely affected by the interlocking position. The FERC-520 identifies the applicant and provides FERC with a list and information about any interlocking position the application requests authorization to hold. Additionally, the filing collects information related to the applicant's financial interests, other officer/directors of the firm that are involved, and the nature of business relationships among firms.

US Code: 16 USC 825(d) Name of Law: Federal Power Act
  
None

Not associated with rulemaking

  82 FR 16191 04/03/2017
82 FR 33102 07/19/2017
No

1
IC Title Form No. Form Name
Application for Authority to Hold Interlocking Interlocking Directorate Positions

  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 716 718 0 0 -2 0
Annual Time Burden (Hours) 4,850 7,845 0 0 -2,995 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The changes in estimates for the FERC Form No. 520 are due primarily to economic forces and corporate restructuring. These factors caused the number of respondents (and, thus, responses) to decrease (from 718 to 716). Additionally, the estimated burden per response was revised. Commission staff revised the “full” and “informational” filings’ burden per response to 50 hours/response and 8 hours/response respectively. This is due to a more accurate analysis on the burden imposed by the FERC Form No. 520 requirements. The information collection requirements have not changed.

$164,477
No
    No
    No
No
No
No
Uncollected
Mary LaFave 202 502-6060 [email protected]

  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.
07/19/2017


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