FERC Form 1-F, Annual Report
for Nonmajor Public Utilities and Licensees
Extension without change of a currently approved collection
No
Regular
04/08/2022
Requested
Previously Approved
36 Months From Approved
11/30/2022
2
5
272
610
0
0
A consolidated supporting statement is
being submitted with for Forms 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 1-F is designed to collect financial
and operational information from nonmajor public utilities and
licensees. Public utilities and licensees that are not classified
as major and had total sales in each of the last three consecutive
years of 10,000 megawatt-hours or more are classified as nonmajor.
The Commission collects Form No. 1-F information as prescribed in
18 CFR 141.2. 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-F. The FERC Annual
Report Forms provide 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. (Note that ~4 out of the 5 filers
choose to submit electronically using the Form 1 software rather
than submitting the paper only Form 1-F.)
The decrease in 3 FERC Form No.
1-F respondents is due to normal fluctuations in the industry
(e.g., companies merging, splitting, entering into, and exiting the
industry). There are no program changes in the reporting or
recordkeeping requirements, but the Form 1, 1-F, and 3-Q (electric
and gas) include the calculations for the 1T, 1-FT, and 3-QT
(electric and gas) and the "T' forms are anticipated to be
discontinued after OMB approval.
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.