In accordance
with 5 CFR 1320, OMB is filing comment and withholding approval at
this time. The agency shall examine public comment in response to
the 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, including comments on maximizing the practical
utility of the collection and minimizing the burden.
Inventory as of this Action
Requested
Previously Approved
08/31/2019
36 Months From Approved
08/31/2019
141
0
141
56,055
0
56,055
0
0
0
IThe information collected under the
FERC-519 enables the Commission to meet its statutory
responsibilities regarding public utility disposition, merger,
consolidation of facilities, purchase, or acquisition oversight and
enforcement in accordance with the FPA as referenced above. Without
this information, FERC would be unable to meet these
responsibilities. FERC's regulations require jurisdictional
companies to maintain the following types of records: Corporate,
Information Technology Management, General Accounting, Personnel
and Payroll, Transportation, Tariffs and Rates, Insurance,
Operations and Maintenance, Plant and Depreciation, Purchase and
Stores, Revenue Accounting and Collection, Tax, Treasury,
Miscellaneous. The required information includes descriptions of
corporate attributes of the party or parties to the proposed
transaction (e.g. a sale, lease, or other disposition, merger, or
consolidation of facilities, or purchase of other acquisition of
the securities of a public utility and the facilities or other
property involved in the transaction), statements about effect of
the transaction, and the applicant's proof that the transaction
will be consistent with the public interest. On September 28, 2018,
the President signed into law the Act to amend section 203 of the
Federal Power Act which includes an amendment to section 203 of the
Federal Power Act (FPA) implementing the following two changes
that: • Revise Section 203(a)(1)(B) to establish a $10 million
threshold for transactions requiring Commission approval under that
section; and • Require the Commission to promulgate a rule, “[n]ot
later than 180 days after the date of enactment of this paragraph,”
that establishes a notification requirement for transactions valued
between $1 million and $10 million that would have been subject to
the Commission’s jurisdiction under Section 203(a)(1)(B) absent the
newly implemented $10 million threshold.
US Code:
16
USC 824b Name of Law: Federal Power Act
PL: Pub.L. 115 - 247 132 Stat 3152 Name of
Law: Act to amend section 203 of the Federal Power Act
On September 28, 2018, the
President signed into law an amendment to Section 203 of the
Federal Power Act (FPA) implementing the following two changes: (1)
Revising Section 203(a)(1)(B) to establish a $10 million threshold
for transactions requiring Commission approval under that section,
and (2) Requiring the Commission to promulgate a rule, “[n]ot later
than 180 days after the date of enactment of this paragraph,” that
establishes a notification requirement for transactions valued
between $1 million and $10 million that would have been subject to
the Commission’s jurisdiction under 203(a)(1)(B) absent the newly
implemented $10 million threshold. There are an estimated 26
respondents who could file full applications over the course of a
year, but will now only submit notification filings. Each of those
filers (regardless of size) is estimated to submit one response
annually, with an estimated burden of 1 hour/response.
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.
Public Law No 115.247.docx
16 USC 824(b).pdf
Application Under Federal Power Act Section 203 (Notification filings due to RM19-4-000 NOPR)