In accordance
with 5 CFR 1320, the information collection is approved for three
years. Since FERC did not address the previous terms of clearance
in 2016, the terms of clearance are still valid in 2019. These are:
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. FERC should discuss what it has done to address the terms
of clearance before its next revision.
Inventory as of this Action
Requested
Previously Approved
11/30/2022
36 Months From Approved
12/31/2019
207
0
210
241,776
0
245,280
0
0
0
A consolidated supporting statement is
being submitted for renewal of the FERC Form Nos. 1, 1-F, and 3-Q
(electric and gas). In accordance with sections 304 and 309 of the
Federal Power Act, FERC is authorized to collect and record data to
the extent it considers necessary, and to prescribe rules and
regulations concerning accounts, records and memoranda. The
Commission may prescribe a system of accounts for jurisdictional
companies and after notice and an opportunity for hearing may
determine the accounts in which particular outlays and receipts
will be entered, charged or credited. The Form No. 1 (Annual Report
of Major Public Utilities, Licensees and Others) is a comprehensive
financial and operating report submitted for electric Rate
regulation and financial audits. "Major" is defined as having (1)
one million Megawatt hours or more; (2) 100 megawatt hours of
annual sales for resale; (3) 500 megawatt hours of annual power
exchange delivered; or (4) 500 megawatt hours of annual wheeling
for others (deliveries plus losses). The Commission collects Form
No. 1 information as prescribed in 18 CFR 141.1. Under the existing
regulations, FERC jurisdictional entities subject to its Uniform
System of Accounts must annually file with the Commission a
complete set of financial statements, along with other selected
financial and non-financial data through the submission of FERC
Annual Report Form 1. The Form 1 provides the Commission, as well
as others, with an informative picture of the jurisdictional
entities financial condition along with other relevant data that is
used by the Commission, as well as others, in making economic
judgments about the entity or its industry. The 30-day Notice in
Docket IC19-22 is being published in the Federal Register on
7/18/19. (A placeholder is included in the metadata below in order
to submit this timely to OMB.) The FERC-issued version of the
Notice is included under Supplementary Documents.
There are no program changes or
changes to the reporting or recordkeeping requirements. The table
in Question 15 of the supporting statement shows adjustments (such
as normal industry fluctuations [companies merging, splitting,
going into and leaving the business]) to the number of respondents
for the Form 1.
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 FERC Form No. 1 Annual Report of Major Electric Utilities, Licensees, and Others
IC19-22_1_1F_3Q_supp state7-17-19.docx
1_1F-3Q_60day_IC19-22_FR2019-09297.pdf
Annual Report of Major Electric Utilities, Licensees, and Others