FERC Form No. 60 (Annual Reports Of Centralized Service Cos.), FERC-61 (Narrative Description Of Service Co.Functions), & FERC-555A (Preservation of Records Companies & Service Cos. Subject to PUHCA)

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
PL 109-58 (EPAct 2005).pdf	Supplementary Document	Uploaded 2019-05-22	Available
60_61_555A_OMB Qs_supp state_1902-2015 ICR.docx	Supporting Statement A	Uploaded 2019-11-18	Available
18 CFR 368.pdf	Supplementary Document	Uploaded 2019-05-22	Available
18 CFR 369.1.pdf	Supplementary Document	Uploaded 2019-05-22	Available
18 CFR 366.23.pdf	Supplementary Document	Uploaded 2019-05-22	Available
42 USC 16451-16463.pdf	Supplementary Document	Uploaded 2019-05-22	Available
FERC-60 61 555A 60-day notice (published).pdf	Supplementary Document	Uploaded 2019-05-22	Available
FERC-60 61 555A 30-day notice (issued).docx	Supplementary Document	Uploaded 2019-05-22	Available
FERC-60 61 555A 60-day notice (issued).docx	Supplementary Document	Uploaded 2019-05-22	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
45927	FERC-61, Narrative Description of Service Company Functions		Modified
45926	FERC-555A, Preservation of Records for Service Companies Subject to PUHCA		Modified
23261	FERC Form No. 60, Annual Reports for Centralized Service Companies		Modified

ICR Details

OMB Control No: 1902-0215	ICR Reference No: 201904-1902-002
Status: Active	Previous ICR Reference No: 201602-1902-001
Agency/Subagency: FERC	Agency Tracking No: FERC Form No. 60, FERC-61, & FERC-555A
Title: FERC Form No. 60 (Annual Reports Of Centralized Service Cos.), FERC-61 (Narrative Description Of Service Co.Functions), & FERC-555A (Preservation of Records Companies & Service Cos. Subject to PUHCA)
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 01/03/2020
	Date Received in OIRA: 05/22/2019
Terms of Clearance: In accordance with 5 CFR 1320, the information collection is approved for three years.

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2023	36 Months From Approved	01/31/2020
Responses	234	0	239
Time Burden (Hours)	129,324	0	110,975
Cost Burden (Dollars)	47,133	0	40,289

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Abstract: FERC Form No. 60. FERC Form No. 60 is an annual reporting requirement for centralized service companies. The report’s function is to collect financial information (including balance sheet, assets, liabilities, billing and charges for associated and non-associated companies) from centralized service companies subject to the Commission’s jurisdiction. Unless Commission rule exempts or grants a waiver pursuant to 18 CFR 366.3 and 366.4 to the holding company system, every centralized service company in a holding company system must prepare and file electronically with the Commission, the FERC Form No. 60, pursuant to the General Instructions in the form. FERC-61. FERC-61 is a filing requirement for service companies in holding company systems (including special purpose companies) that are currently exempt or granted a waiver of the Commission’s regulations and would not have to file FERC Form No. 60. Instead, those service companies are required to file, on an annual basis, the FERC-61, which is a narrative description of the service company’s functions during the prior calendar year. In complying, a holding company may make a single filing on behalf of all of its service company subsidiaries. FERC-555A. The Commission’s regulations prescribe a mandated preservation of records requirements for holding companies and service companies (unless otherwise exempted by the Commission). This requires them to maintain and make available to the Commission their books and records. The preservation of records requirement provides for uniform records retention by holding companies and centralized service companies subject to PUHCA 2005. Data from the FERC Form No. 60, FERC-61, and FERC-555A provide a level of transparency that: 1) helps protect ratepayers from pass-through of improper service company costs, 2) enables the Commission to review and determine cost allocations (among holding company members) for certain non-power goods and services, 3) aids the Commission in meeting its oversight and market monitoring obligations, and 4) benefits the public, both as ratepayers and investors. In addition, the Commission’s audit staff uses these records during compliance reviews and special analyses. If data from the FERC Form No. 60, FERC-61, and FERC-555A were not available, it would be difficult for the Commission to meet its mandatory review responsibilities because it would have fewer of the regulatory mechanisms needed to ensure transparency and to protect ratepayers.

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Authorizing Statute(s): US Code: 42 USC 16451 et seq. Name of Law: Public Utility Holding Company Act of 2005 (PUHCA 2005)
   PL: Pub.L. 109 - 58 1261-1277 Name of Law: Energy Policy Act of 2005
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	84 FR 10308	03/20/2019
30-day Notice:	Federal Register Citation:	Citation Date:
	84 FR 25037	05/30/2019
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 3

table that charts list of burden

IC Title	Form No.	Form Name
FERC Form No. 60, Annual Reports for Centralized Service Companies
FERC-61, Narrative Description of Service Company Functions
FERC-555A, Preservation of Records for Service Companies Subject to PUHCA

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ICR Summary of Burden

table that charts list of burden

	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	234	239	0	0	-5	0
Annual Time Burden (Hours)	129,324	110,975	0	0	18,349	0
Annual Cost Burden (Dollars)	47,133	40,289	0	0	6,844	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: There are no changes to the reporting requirement. There are adjustments to the no. of responses and resulting burden for both FERC-61 and FERC-555A, as noted below. -The FERC Form No. 60 reporting burden remains unchanged. -The FERC-61 reporting burden experienced a reduction of 22 responses annually based on fluctuations in market activity. The hourly burden per response remains unchanged. Overall, FERC-61 reporting burden decreased by 11 hours annually. -The FERC-555A reporting burden experienced an increase of 17 responses annually also based on activity within industry. The hourly burden per response remains unchanged. Overall, FERC-555A reporting burden increased by 18,360 hours annually.

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Annual Cost to Federal Government: $103,823

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 05/22/2019

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