FERC-1005, Credit Related Information Sharing Between RTOs/ISOs (RM22-13-000)

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
FERC 1005 supporting statement_8_3_22 (RM22-13).docx	Supporting Statement A	Uploaded 2022-08-03	Repair queued
Staff Presentation _ Proposed Revisions to Credit Sharing.pdf	Supplementary Document	Uploaded 2022-08-01	Repair queued
18 CFR 824e.docx	Supplementary Document	Uploaded 2022-07-28	Repair queued
News Release RM22-13.PDF	Supplementary Document	Uploaded 2022-07-28	Repair queued
18 CFR 35.47.docx	Supplementary Document	Uploaded 2022-07-28	Repair queued

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
254936	Credit Related Information Sharing (ongoing)		New
254934	Tariff Provisions Compliance Filing (One-Time)		New

ICR Details

OMB Control No: 1902-0325	ICR Reference No: 202205-1902-006
Status: Historical Inactive	Previous ICR Reference No:
Agency/Subagency: FERC	Agency Tracking No: FERC-1005
Title: FERC-1005, Credit Related Information Sharing Between RTOs/ISOs (RM22-13-000)
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Comment filed on proposed rule	Conclusion Date: 05/24/2023
Retrieve Notice of Action (NOA)	Date Received in OIRA: 08/08/2022
Terms of Clearance: Terms of the previous clearance remain in effect. In accordance with 5 CFR 1320, OMB is filing comment and withholding approval at this time. The agency shall examine public comment in response to the proposed rulemaking and include in the supporting statement of the next ICR--to be submitted to OMB at the final rule stage--a description of how the agency has responded to any public comments on the ICR, including comments on maximizing the practical utility of the collection and minimizing the burden

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date		36 Months From Approved
Responses	0	0	0
Time Burden (Hours)	0	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: FERC issued the NOPR in Docket No. RM22-13-000 discussing the need for RTOs/ISOs to share credit related information with each other. The credit related information sharing is intended to reduce the risk of liquidity failures amongst utilities. As described in the NOPR, the Commission is proposing to revise section 35.47 of Title 18 of the Code of Federal Regulations to permit credit-related information sharing between organized wholesale electric markets. The proposal does not create an information collection that is submitted to FERC, rather it permits the ability to share information between RTOs/ISOs, and directs RTOs/ISOs to update their tariff provisions. To do this, it will require RTOs/ISOs to update their tariff provisions to enable credit-related information sharing. The FERC 1005 collection is new and captures the burden calculations related to two collections. The first collection is a compliance filing from the RTOs/ISOs complying with the updates in their tariff provisions. The second is the ongoing burden associated with facilitating the information sharing between entities.

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Authorizing Statute(s): US Code: 16 USC 824e Name of Law: Federal Power Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
1902-AG02	Proposed rulemaking	87 FR 48118	08/08/2022

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 2

table that charts list of burden

IC Title	Form No.	Form Name
Credit Related Information Sharing (ongoing)
Tariff Provisions Compliance Filing (One-Time)

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Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Changing Regulations

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The FERC 1005 is a new collection. The NOPR proposal (in Docket No. RM22-13-000) does not create an information collection that is submitted to FERC, rather it permits the ability to share information between RTOs/ISOs, and directs RTOs/ISOs to update their tariff provisions. To do this, it will require RTOs/ISOs to update their tariff provisions to enable credit-related information sharing. The FERC 1005 collection is new and captures the burden calculations related to two collections. The first collection is a compliance filing from the RTOs/ISOs complying with the updates in their tariff provisions. The second is the ongoing burden associated with facilitating the information sharing between entities.

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Annual Cost to Federal Government: $11,759

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 08/08/2022

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