FERC Form No. 60 (Annual Reports Of Centralized Service Cos.), FERC-61 (Narrative Description Of Service Co, FERC-555A (Preservation of Records Companies & Service Cos) (NOPR in RM21-11-000)

Forms and Documents

Document Name	Status
Form 60 FERC Form No. 60, Annual Reports for Centralized Service Companies Form and Instruction	Modified
42 USC 16451-53.docx Supplementary Document	2022-10-03
PLAW-109publ58.pdf Supplementary Document	2022-10-03
Form1_1F_3Q_60_Rulemaking RM21-11 supp. statement_8_3_2022.docx Supporting Statement A	2022-10-03
Staff Presentation _ Accounting and Rep...pdf Supplementary Document	2022-08-01
Form 60, 61, and 555A related regulations.docx Supplementary Document	2022-07-28
News Release RM21-11_Accounting for Renewables 072822 FINAL.pdf Supplementary Document	2022-07-28
Notice of Inquiry_RM21-11.PDF Supplementary Document	2022-07-28

IC Document Collections

IC ID	Document Title	Status
45927	FERC-61, Narrative Description of Service Company Functions Other-Transmittal Letter	Unchanged
45926	FERC-555A, Preservation of Records for Service Companies Subject to PUHCA	Unchanged
254940	Updated Accounts (NOPR in RM22-11-000) (One-Time)	New
23261	FERC Form No. 60, Annual Reports for Centralized Service Companies Form and Instruction	Modified

ICR Details

OMB Control No: 1902-0215	ICR Reference No: 202207-1902-010
Status: Received in OIRA	Previous ICR Reference No: 202202-1902-011
Agency/Subagency: FERC	Agency Tracking No: FERC Form No. 60, FERC-61, & FERC-555A
Title: FERC Form No. 60 (Annual Reports Of Centralized Service Cos.), FERC-61 (Narrative Description Of Service Co, FERC-555A (Preservation of Records Companies & Service Cos) (NOPR in RM21-11-000)
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 10/03/2022

	Requested	Previously Approved
Expiration Date	36 Months From Approved	07/31/2025
Responses	286	244
Time Burden (Hours)	138,226	134,950
Cost Burden (Dollars)	49,148	49,148

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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.

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Authorizing Statute(s): PL: Pub.L. 109 - 58 1261-1277 Name of Law: Energy Policy Act of 2005
   US Code: 42 USC 16451 et seq. Name of Law: Public Utility Holding Company Act of 2005 (PUHCA 2005)
  

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: 4

IC Title	Form No.	Form Name
FERC Form No. 60, Annual Reports for Centralized Service Companies	60	Form 60: Annual Report of Centrialized Service Companies
FERC-555A, Preservation of Records for Service Companies Subject to PUHCA
FERC-61, Narrative Description of Service Company Functions
Updated Accounts (NOPR in RM22-11-000) (One-Time)

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ICR Summary of Burden

	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	286	244	0	42	0	0
Annual Time Burden (Hours)	138,226	134,950	0	3,276	0	0
Annual Cost Burden (Dollars)	49,148	49,148	0	0	0	0

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 increase in burden is due to the updates in the Uniform System of Accounts (USofA) and relates to the effort required to update respondents current accounting processes or systems. The increase in burden is also specific to Form 60 filers, not 61 or 555A. The increase is a one-time increase in burden since the Commission estimates that after the systems are updated, the burden will return to the currently approved estimate that includes ongoing reporting and recordkeeping requirements.

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Annual Cost to Federal Government: $98,631

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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