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.
table that charts list comparision
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