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
1,131
0
1,140
189,513
0
191,019
0
0
0
A consolidated supporting statement is
being submitted for Forms 1, 1-F, and 3-Q [electric and gas). Form
3-Q requires companies to file with FERC a complete set of
quarterly financial statements. Most of the information contained
in these forms is the same information currently submitted on an
annual basis. Quarterly reporting of financial information permits
the Commission to better understand trends and other factors that
may affect an entity's liquidity position, its commitments of
capital expenditures, its sources of financing, along with changes
in the amount of assets, liabilities, debt and equity used in its
business. Transparent accounting and more frequent financial
reporting play an important role in achieving vigilant oversight of
market participants. More frequent financial reporting provides
needed insight into the opportunities and risks facing the energy
industry as the Commission considers and assesses the affects of
its regulatory initiatives. The Commission shares the view that
quarterly reporting enhances its overall decision making process by
providing more timely, useful and relevant data to the decision
making process. 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. Question 15
of the supporting statement shows adjustments (such as normal
industry fluctuations [companies merging, splitting, going into and
leaving the business]).
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 Form 2/3Q [GAS] FERC-3Q, Quarterly Financial Report of Natural Gas Companies
IC19-22_1_1F_3Q_supp state7-17-19.docx
1_1F-3Q_60day_IC19-22_FR2019-09297.pdf
Form 3Q Statute.doc
[GAS] FERC-3Q, Quarterly Financial Report of Natural Gas Companies