FERC-920 (Electric Quarterly Report (EQR))

ICR 201906-1902-001

OMB: 1902-0255

Federal Form Document

Forms and Documents
Document
Name
Status
Supplementary Document
2019-09-24
Supporting Statement A
2019-09-24
Supplementary Document
2019-09-24
Supplementary Document
2019-09-19
Supplementary Document
2019-09-19
Supplementary Document
2019-09-19
Supplementary Document
2019-09-19
Supplementary Document
2019-09-19
Supplementary Document
2019-09-03
ICR Details
1902-0255 201906-1902-001
Historical Inactive 201607-1902-002
FERC FERC-920
FERC-920 (Electric Quarterly Report (EQR))
Extension without change of a currently approved collection   No
Regular
Improperly submitted and continue 11/04/2019
Retrieve Notice of Action (NOA) 09/24/2019
Please resubmit this ICR as a revision request since forms were deleted and modified.
  Inventory as of this Action Requested Previously Approved
09/30/2019 36 Months From Approved 11/30/2019
11,275 0 11,275
230,032 0 230,032
0 0 0

EQR information allows the Commission and the public to gain a more complete picture of interstate wholesale electric power and transmission markets by providing information concerning price formation and market concentration in these markets. Public access to power sales and transmission-related information in the EQR improves market participants’ ability to assess supply and demand fundamentals and to price interstate wholesale electric market transactions. This, in turn, results in greater market confidence, lower transaction costs, and ultimately supports competitive markets. In addition, the data filed in the EQR strengthens the Commission’s ability to exercise its oversight and enforcement responsibilities of wholesale electric and electric power transmission rates in accordance with the Federal Power Act. Without this information, the Commission would lack some of the data it needs to examine and approve or modify electric rates. It also strengthens the Commission’s ability to identify potential exercises of market power or manipulation and to better evaluate the competitiveness of interstate wholesale electric markets.

PL: Pub.L. 109 - 58 119 Stat. 594 (2005) Name of Law: EPAct 2005 (Energy Policy Act of 2005)
   US Code: 16 USC 824t Name of Law: Federal Power Act
  
None

Not associated with rulemaking

  84 FR 32447 07/08/2019
84 FR 49724 09/23/2019
No

No
Yes
Miscellaneous Actions
There are no program changes or changes to the reporting or record keeping requirements in the FERC-920, however we are program decrease (due to completed reporting requirements) and adjustments as described in the supporting statement. Adjustments. Due to market fluctuation, the number of responses has increased (from 7,344 to 10,380) and resulted in the burden increasing from 140,087 hours to 187,878 hours. Program Decreases. Further, FERC-920 contains one-time implementation burden related to three unrelated FERC activities. Details on those activities follow: • One-time implementation burden related to RM10-12-000 Final Rule (1,836 responses and 77,540 hours annually); • One-time implementation burden related to RM12-3-000 Final Rule (1,836 responses and 11,887 hours annually); and • One-time implementation burden related to RM15-2-000 Final Rule (259 responses and 518 hours annually). These three activities total to 3,931 responses and 89,945 hours annually. All of their requirements have been completed and should no longer be part of the FERC-920 information collection. All of these one-time requirements are being removed within this ICR. The total requested burden for FERC-920 in this ICR reflects the removal of these one-time requirements (program decrease) and the increased burden due to market fluctuation (adjustment in estimate).

$1,675,742
No
    No
    No
No
No
No
Uncollected
Donald Callow 202 502-8838

  No

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.
09/24/2019


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