FERC-3-Q, Quarterly Financial Report of Electric Utilities, Licensees, and Natural Gas Companies (NOPR in RM21-11-000)

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form Form 2/3Q FERC Financial Report FERC Form No. 2: Annual Report of Major Natural Gas Companies and Supplemental Form 3-Q: Quarterly Financial Report	Form and Instruction	Unchanged	Available
Form Form 2/3Q [GAS] FERC-3Q, Quarterly Financial Report of Natural Gas Companies	Form and Instruction	Unchanged	Repair queued
Form FERC Form 3-Q Quarterly Financial Report	Form and Instruction	Modified	Available
Form FERC Form 3-Q [Electric] FERC 3-Q, Quarterly Financial Report of Electric Utilities and Licensees	Form and Instruction	Modified	Repair queued
USC 825c, h.docx	Supplementary Document	Uploaded 2022-10-03	Repair queued
Form1_1F_3Q_60_Rulemaking RM21-11 supp. statement_8_3_2022.docx	Supporting Statement A	Uploaded 2022-10-03	Repair queued
Notice of Inquiry_RM21-11.PDF	Supplementary Document	Uploaded 2022-08-03	Repair queued
Staff Presentation _ Accounting and Rep...pdf	Supplementary Document	Uploaded 2022-08-01	Repair queued
News Release RM21-11_Accounting for Renewables 072822 FINAL.pdf	Supplementary Document	Uploaded 2022-07-28	Repair queued
Notice of Inquiry_RM21-11.PDF	Supplementary Document	Uploaded 2022-07-28	Repair queued
eCFR_1_1F-3Q_3-25-22.docx	Supplementary Document	Uploaded 2022-03-29	Repair queued

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
23250	[GAS] FERC-3Q, Quarterly Financial Report of Natural Gas Companies	Form and Instruction	Unchanged	FERC Financial Report FERC Form No. 2: Annual Report of Major Natural Gas Companies and Supplemental Form 3-Q: Quarterly Financial Report
23250	[GAS] FERC-3Q, Quarterly Financial Report of Natural Gas Companies	Form and Instruction	Unchanged
208100	[Electric] FERC 3-Q, Quarterly Financial Report of Electric Utilities and Licensees	Form and Instruction	Modified	Quarterly Financial Report
208100	[Electric] FERC 3-Q, Quarterly Financial Report of Electric Utilities and Licensees	Form and Instruction	Modified

ICR Details

OMB Control No: 1902-0205	ICR Reference No: 202207-1902-009
Status: Historical Inactive	Previous ICR Reference No: 202202-1902-008
Agency/Subagency: FERC	Agency Tracking No: FERC Form 3-Q
Title: FERC-3-Q, Quarterly Financial Report of Electric Utilities, Licensees, and Natural Gas Companies (NOPR in RM21-11-000)
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Comment filed on proposed rule and continue	Conclusion Date: 04/26/2023
Retrieve Notice of Action (NOA)	Date Received in OIRA: 10/03/2022
Terms of Clearance: Terms of the previous clearance remain in effect. Terms of the previous clearance remain in effect. 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 The agency will also add the total burden for the collection into the supporting statement.

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	07/31/2025	36 Months From Approved	07/31/2025
Responses	1,104	0	1,104
Time Burden (Hours)	185,031	0	185,031
Cost Burden (Dollars)	0	0	0

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Abstract: A consolidated supporting statement is being submitted for the NOPR RM21-11 that will affect the FERC Form Nos. 1, 1-F, and 3-Q (electric) and 60. This consolidated request does not include the 3-Q (gas), 61, or 555A that has previously been approved as separate collections. The Federal Energy Regulatory Commission (Commission or FERC) requests the Office of Management and Budget (OMB) to approve the updates (from NOPR RM21-11) to FERC Form Nos. 1, 1-F, and 3-Q (electric), and 60 for three years. The collections impacted by NOPR RM21-11 are as follows: 1) FERC Form No. 1 (Annual Report of Major Electric Utilities, Licensees and Others; OMB Control No. 1902-0021) 2) FERC Form No. 1-F (Annual Report for Nonmajor Public Utilities and Licensees; OMB Control No. 1902-0029) 3) FERC Form No. 3-Q (Quarterly Financial Report of Electric Utilities, Licensees, and Natural Gas Companies; OMB Control No. 1902-0205) 4) FERC Form No. 60 (Annual Reports of Centralized Service Companies; OMB Control No. 1902-0215) The NOPR RM21-11-000 specifically is proposing updates to the Uniform System of Accounting (USofA). The current accounting system, according to public comment in response to FERC's Notice of Inquiry, is burdensome and difficult to account for renewable energy sources, energy storage, computer hardware and software, and communication equipment. The NOPR proposes updates to the USofA to account for these expenses. These updates will impact the information collections for accounting related collections, which are the FERC Form 1,1-F, 3-Q (electric), and 60. This NOPR will impact the burden estimates of each collection in two ways. The first estimate will be one-time burden of updating, modifying, or adding accounts within the respondent's current accounting processes and systems. The second estimate is the ongoing burden related to maintaining and submitting accounting records to the Commission. The Commission estimates that the former (one-time) burden would be completed within the first year and is accounted for as such in the attached supporting statement. Furthermore, the Commission estimates the latter (ongoing after year one) burden will remain the same as currently approved by OMB. However, the burden related to the 3-Q (electric) remains unchanged since the one-time burden required for updating the accounting systems has been included in the Form 1. This inclusion to Form 1 is a result of the 3-Q (quarterly reports) being a subset of the annual reports.

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Authorizing Statute(s): US Code: 16 USC 825c, 825h 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-AF96	Proposed rulemaking	87 FR 59870	10/03/2022

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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
[Electric] FERC 3-Q, Quarterly Financial Report of Electric Utilities and Licensees	FERC Form 3-Q	Quarterly Financial Report
[GAS] FERC-3Q, Quarterly Financial Report of Natural Gas Companies	Form 2/3Q	FERC Financial Report FERC Form No. 2: Annual Report of Major Natural Gas Companies and Supplemental Form 3-Q: Quarterly Financial Report

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

Burden Increase Due to:

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

Burden Reduction Due to:

Short Statement:

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Annual Cost to Federal Government: $249,216

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: 10/03/2022

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