FERC-520, Application for Authority to Hold Interlocking Directorate Positions

ICR 202107-1902-019

OMB: 1902-0083

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2022-01-04
Supplementary Document
2022-01-03
Supplementary Document
2022-01-03
Supplementary Document
2022-01-03
Supplementary Document
2022-01-03
Supplementary Document
2021-12-30
Supplementary Document
2021-12-30
ICR Details
1902-0083 202107-1902-019
Received in OIRA 201902-1902-007
FERC FERC-520
FERC-520, Application for Authority to Hold Interlocking Directorate Positions
Revision of a currently approved collection   No
Regular 01/04/2022
  Requested Previously Approved
36 Months From Approved 05/31/2022
616 616
4,825 4,825
0 0

Absent Commission authorization, section 305(b)(1) of the Federal Power Act (FPA) (with some exceptions) prohibits an officer or director of a public utility from holding the position of officer or director of more than one public utility, and prohibits an officer or director or a public utility from also holding the position of officer or director any one of the following entities: • Any bank, trust company, banking association, or firm that is authorized by law to underwrite or participate in the marketing of securities of a public utility; or • Any company supplying electrical equipment to such utility. In order to obtain Commission authorization to hold one or more of the prohibited positions, an applicant must provide information that enables the Commission to determine that neither public nor private interests will be adversely affected. FERC-520 consists of information collection activities that officers and directors of public utilities may use to seek authorization to hold interlocking positions. These activities take the form of a "full application," an "informational report," or a "notice of change."

US Code: 16 USC 825d Name of Law: Federal Power Act
  
None

Not associated with rulemaking

  86 FR 44013 08/11/2021
87 FR 84 01/03/2022
No

  Total Request 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 616 616 0 616 -616 0
Annual Time Burden (Hours) 4,825 4,825 0 4,825 -4,825 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Miscellaneous Actions
No
There are no net adjustments of burdens. The program changes are due to the re-organization of the information activities. Instead of a single activity for labeled an “Application for Authority to Hold Interlocking Directorate Positions,” this request labels the activities according to the categories provided in the regulations: “Full Application,” “Informational Report,” and “Notice of Change.” In addition, the instructions for the information collection are updated with the OMB control number and a placeholder for the upcoming expiration date, and are revised to include the information required by 5 CFR 1320.8.

$128,748
No
    No
    No
No
No
No
No
Jean Sonneman 202 785-6577 [email protected]

  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.
01/04/2022


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