FERC Form No. 1 Annual Report of Major Electric Utilities, Licensees, an

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FERC FINANCIAL REPORT
FERC Form No. 1: Annual Report of Major Electric Utilities, Licensees and Others
Supplemental Form 3-Q: Quarterly Financial Report

These reports are mandatory under the Federal Power Act, Sections 3, 4(a), 304 and 309, and 18
CFR 141.1 and 141.400. Failure to report may result in criminal fines, civil penalties and other
sanctions as provided by law. The Federal Energy Regulatory Commission does not consider these
reports to be of confidential nature.

I.

INSTRUCTIONS FOR FILING FERC FORM NOS. 1 and 3-Q
GENERAL INFORMATION
Purpose

FERC Form No. 1 (FERC Form 1) is an annual regulatory requirement for Major electric
utilities, licensees and others (18 C.F.R. § 141.1). FERC Form No. 3-Q ( FERC Form 3-Q)is a
quarterly regulatory requirement which supplements the annual financial reporting requirement
(18 C.F.R. § 141.400). These reports are designed to collect financial and operational
information from electric utilities, licensees and others subject to the jurisdiction of the Federal
Energy Regulatory Commission. These reports are also considered to be non-confidential public
use forms.
II.

Who Must Submit

Each Major electric utility, licensee, or other, as classified in the Commission’s Uniform System
of Accounts Prescribed for Public Utilities, Licensees, and Others Subject To the Provisions of
The Federal Power Act (18 C.F.R. Part 101), must submit FERC Form 1 (18 C.F.R. § 141.1),
and FERC Form 3-Q (18 C.F.R. § 141.400).
Note: Major means having, in each of the three previous calendar years, sales or transmission
service that exceeds one of the following:
a.
b.
c.
d.
III.

one million megawatt hours of total annual sales,
100 megawatt hours of annual sales for resale,
500 megawatt hours of annual power exchanges delivered, or
500 megawatt hours of annual wheeling for others (deliveries plus losses).

What and Where to Submit
a.

Submit FERC Form Nos. 1 and 3-Q electronically through the eCollection portal
at https://eCollection.ferc.gov, and according to the specifications in the Form 1
and 3-Q taxonomies.

b.

The Corporate Officer Certification must be submitted electronically as part of the
FERC Forms 1 and 3-Q filings.

c.

Submit immediately upon publication, by either eFiling or mail, two (2) copies to
the Secretary of the Commission, the latest Annual Report to Stockholders.
Unless eFiling the Annual Report to Stockholders, mail the stockholders report to
the Secretary of the Commission at:
Secretary
Federal Energy Regulatory Commission
888 First Street, NE
Washington, DC 20426

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d.

For the CPA Certification Statement, submit within 30 days after filing the FERC
Form 1, a letter or report (not applicable to filers classified as Class C or Class D
prior to January 1, 1984). The CPA Certification Statement can be either eFiled or
mailed to the Secretary of the Commission at the address above.
The CPA Certification Statement should:
i.

Attest to the conformity, in all material aspects, of the below listed
(schedules and pages) with the Commission’s applicable Uniform System
of Accounts (including applicable notes relating thereto and the Chief
Accountant’s published accounting releases), and

ii.

Be signed by independent certified public accountants or an independent
licensed public accountant certified or licensed by a regulatory authority
of a State or other political subdivision of the U. S. (See 18 C.F.R. §§
41.10-41.12 for specific qualifications.)
Reference Schedules
Comparative Balance Sheet
Statement of Income
Statement of Retained Earnings
Statement of Cash Flows
Notes to Financial Statements

e.

Pages
110-113
114-117
118-119
120-121
122-123

The following format must be used for the CPA Certification Statement unless
unusual circumstances or conditions, explained in the letter or report, demand that
it be varied. Insert parenthetical phrases only when exceptions are reported.
“In connection with our regular examination of the financial statements of
[COMPANY NAME] for the year ended on which we have reported
separately under date of [DATE], we have also reviewed schedules
[NAME OF SCHEDULES] of FERC Form No. 1 for the year filed with
the Federal Energy Regulatory Commission, for conformity in all material
respects with the requirements of the Federal Energy Regulatory
Commission as set forth in its applicable Uniform System of Accounts and
published accounting releases. Our review for this purpose included such
tests of the accounting records and such other auditing procedures as we
considered necessary in the circumstances.
Based on our review, in our opinion the accompanying schedules
identified in the preceding paragraph (except as noted below) conform in
all material respects with the accounting requirements of the Federal
Energy Regulatory Commission as set forth in its applicable Uniform
System of Accounts and published accounting releases.”

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The letter or report must state which, if any, of the pages above do not conform to
the Commission’s requirements. Describe the discrepancies that exist.

IV.

f.

Filers are encouraged to file their Annual Report to Stockholders, and the CPA
Certification Statement using eFiling. Further instructions are available at
https://www.ferc.gov/ferc-online/ferc-online/frequently-asked-questions-faqsefilingferc-online.

g.

Federal, State, and Local Governments and other authorized users may obtain
additional blank copies of FERC Form 1 and 3-Q free of charge from
https://www.ferc.gov/general-information-0/electric-industry-forms.

When to Submit:

FERC Forms 1 and 3-Q must be filed by the following schedule:

V.

a.

FERC Form 1 for each year ending December 31 must be filed by April 18th of
the following year (18 CFR § 141.1), and

b.

FERC Form 3-Q for each calendar quarter must be filed within 60 days after the
reporting quarter (18 C.F.R. § 141.400).

Where to Send Comments on Public Reporting Burden.

The public reporting burden for the FERC Form 1 collection of information is estimated to
average 1,168 hours per response, including the time for reviewing instructions, searching
existing data sources, gathering and maintaining the data-needed, and completing and reviewing
the collection of information. The public reporting burden for the FERC Form 3-Q collection of
information is estimated to average 168 hours per response.
Send comments regarding these burden estimates or any aspect of these collections of
information, including suggestions for reducing burden, to the Federal Energy Regulatory
Commission, 888 First Street NE, Washington, DC 20426 (Attention: Information Clearance
Officer); and to the Office of Information and Regulatory Affairs, Office of Management and
Budget, Washington, DC 20503 (Attention: Desk Officer for the Federal Energy Regulatory
Commission). No person shall be subject to any penalty if any collection of information does not
display a valid control number (44 U.S.C. § 3512 (a)).

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GENERAL INSTRUCTIONS
I.

Prepare this report in conformity with the Uniform System of Accounts (18 CFR Part
101) (USofA). Interpret all accounting words and phrases in accordance with the USofA.

II.

Enter in whole numbers (dollars or MWH) only, except where otherwise noted. (Enter
cents for averages and figures per unit where cents are important. The truncating of cents
is allowed except on the four basic financial statements where rounding is required.) The
amounts shown on all supporting pages must agree with the amounts entered on the
statements that they support. When applying thresholds to determine significance for
reporting purposes, use for balance sheet accounts the balances at the end of the current
reporting period, and use for statement of income accounts the current year’s year to date
amounts.

III.

Complete each question fully and accurately, even if it has been answered in a previous
report. Enter the word “None” where it truly and completely states the fact.

IV.

For any page(s) that is not applicable to the respondent, omit the page(s) and enter “NA,”
“NONE,” or “Not Applicable” in column (d) on the List of Schedules, pages 2 and 3.

V.

Enter the month, day, and year for all dates. Use customary abbreviations. The “Date of
Report” included in the header of each page is to be completed only for resubmissions
(see VII. below).

VI.

Generally, except for certain schedules, all numbers, whether they are expected to be
debits or credits, must be reported as positive. Numbers having a sign that is different
from the expected sign must be reported by enclosing the numbers in parentheses.

VII.

For any resubmissions, please explain the reason for the resubmission in a footnote to the
data field.

VIII.

Do not make references to reports of previous periods/years or to other reports in lieu of
required entries, except as specifically authorized.

IX.

Wherever (schedule) pages refer to figures from a previous period/year, the figures
reported must be based upon those shown by the report of the previous period/year, or an
appropriate explanation given as to why the different figures were used.

X.

Schedule specific instructions are found in the applicable taxonomy and on the applicable
blank rendered form.

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DEFINITIONS
I.

Commission Authorization (Comm. Auth.) -- The authorization of the Federal Energy
Regulatory Commission, or any other Commission. Name the commission whose
authorization was obtained and give date of the authorization.

II.

Respondent -- The person, corporation, licensee, agency, authority, or other Legal entity
or instrumentality in whose behalf the report is made.

Definitions for statistical classifications used for completing schedules for transmission system
reporting are as follows:
III.

FNS - Firm Network Transmission Service for Self. “Firm” means service that cannot be
interrupted for economic reasons and is intended to remain reliable even under adverse
conditions. “Network Service” is Network Transmission Service as described in Order
No. 888 and the Open Access Transmission Tariff. “Self” means the respondent.

IV.

FNO - Firm Network Service for Others. “Firm” means that service cannot be interrupted
for economic reasons and is intended to remain reliable even under adverse conditions.
“Network Service” is Network Transmission Service as described in Order No. 888 and
the Open Access Transmission Tariff.

V.

LFP - for Long-Term Firm Point-to-Point Transmission Reservations. “Long-Term”
means one year or longer and “firm” means that service cannot be interrupted for
economic reasons and is intended to remain reliable even under adverse conditions.
“Point-to-Point Transmission Reservations” are described in Order No. 888 and the Open
Access Transmission Tariff. For all transactions identified as LFP, provide in a footnote
the termination date of the contract defined as the earliest date either buyer or seller can
unilaterally cancel the contract.

VI.

OLF - Other Long-Term Firm Transmission Service. Report service provided under
contracts which do not conform to the terms of the Open Access Transmission Tariff.
“Long-Term” means one year or longer and “firm” means that service cannot be
interrupted for economic reasons and is intended to remain reliable even under adverse
conditions. For all transactions identified as OLF, provide in a footnote the termination
date of the contract defined as the earliest date either buyer or seller can unilaterally get
out of the contract.

VII.

SFP - Short-Term Firm Point-to-Point Transmission Reservations. Use this classification
for all firm point-to-point transmission reservations, where the duration of each period of
reservation is less than one-year.

VIII.

NF - Non-Firm Transmission Service, where firm means that service cannot be
interrupted for economic reasons and is intended to remain reliable even under adverse
conditions.

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IX.

OS - Other Transmission Service. Use this classification only for those services which
cannot be placed in the above-mentioned classifications, such as all other service
regardless of the length of the contract and service FERC Form. Describe the type of
service in a footnote for each entry.

X.

AD - Out-of-Period Adjustments. Use this code for any accounting adjustments or “trueups” for service provided in prior reporting periods. Provide an explanation in a footnote
for each adjustment.

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EXCERPTS FROM THE LAW
Federal Power Act, 16 U.S.C. § 791a-825r
Sec. 3. The words defined in this section shall have the following meanings for purposes of this
Act, to with:
(3)
‘Corporation’ means any corporation, joint-stock company, partnership,
association, business trust, organized group of persons, whether incorporated or not, or a
receiver or receivers, trustee or trustees of any of the foregoing. It shall not include
‘municipalities, as hereinafter defined;
(4)

‘Person’ means an individual or a corporation;

(5)
‘Licensee, means any person, State, or municipality Licensed under the provisions
of section 4 of this Act, and any assignee or successor in interest thereof;
(7)
‘municipality means a city, county, irrigation district, drainage district, or other
political subdivision or agency of a State competent under the Laws thereof to carry and
the business of developing, transmitting, unitizing, or distributing power; ......
(11) “project’ means. a complete unit of improvement or development, consisting of a
power house, all water conduits, all dams and appurtenant works and structures
(including navigation structures) which are a part of said unit, and all storage, diverting,
or fore bay reservoirs directly connected therewith, the primary line or lines transmitting
power there from to the point of junction with the distribution system or with the
interconnected primary transmission system, all miscellaneous structures used and useful
in connection with said unit or any part thereof, and all water rights, rights-of-way,
ditches, dams, reservoirs, Lands, or interest in Lands the use and occupancy of which are
necessary or appropriate in the maintenance and operation of such unit;
“Sec. 4. The Commission is hereby authorized and empowered
(a)
To make investigations and to collect and record data concerning the utilization of
the water ‘resources of any region to be developed, the water-power industry and its
relation to other industries and to interstate or foreign commerce, and concerning the
location, capacity, development costs, and relation to markets of power sites; … to the
extent the Commission may deem necessary or useful for the purposes of this Act.”
“Sec. 304. (a) Every Licensee and every public utility shall file with the Commission such
annual and other periodic or special* reports as the Commission may by rules and regulations or
other prescribe as necessary or appropriate to assist the Commission in the proper administration
of this Act. The Commission may prescribe the manner and FERC Form in which such reports
shall be made, and require from such persons specific answers to all questions upon which the
Commission may need information. The Commission may require that such reports shall include,
among other things, full information as to assets and Liabilities, capitalization, net investment,

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and reduction thereof, gross receipts, interest due and paid, depreciation, and other reserves, cost
of project and other facilities, cost of maintenance and operation of the project and other
facilities, cost of renewals and replacement of the project works and other facilities, depreciation,
generation, transmission, distribution, delivery, use, and sale of electric energy. The Commission
may require any such person to make adequate provision for currently determining such costs
and other facts. Such reports shall be made under oath unless the Commission otherwise
specifies*.10
“Sec. 309. The Commission shall have power to perform any and all acts, and to prescribe, issue,
make, and rescind such orders, rules and regulations as it may find necessary or appropriate to
carry out the provisions of this Act. Among other things, such rules and regulations may define
accounting, technical, and trade terms used in this Act; and may prescribe the FERC Form or
FERC Forms of all statements, declarations, applications, and reports to be filed with the
Commission, the information which they shall contain, and the time within which they shall be
field...”
General Penalties
The Commission may assess up to $1 million per day per violation of its rules and regulations.
See FPA § 316(a) (2005), 16 U.S.C. § 825o(a).

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