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

Forms and Documents

Document Name	Status
Form Form 2/3Q [GAS] FERC-3Q, Quarterly Financial Report of Natural Gas Companies Form and Instruction	Unchanged
Form FERC Form 3-Q [Electric] FERC 3-Q, Quarterly Financial Report of Electric Utilities and Licensees Form and Instruction	Unchanged
RM21-11 supporting statement 10 23 2023.docx Supporting Statement A	2023-10-24
RM21-11 Final Rule (Published).pdf Supplementary Document	2023-10-13
RM21-11-000 Errata.docx Supplementary Document	2023-10-13
RM21-11-000.docx Supplementary Document	2023-10-13
USC 825c, h.docx Supplementary Document	2022-10-03
Notice of Inquiry_RM21-11.PDF Supplementary Document	2022-08-03
Staff Presentation _ Accounting and Rep...pdf Supplementary Document	2022-08-01
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
eCFR_1_1F-3Q_3-25-22.docx Supplementary Document	2022-03-29

IC Document Collections

IC ID	Document Title	Status
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	Unchanged

ICR Details

OMB Control No: 1902-0205	ICR Reference No: 202310-1902-008
Status: Received in OIRA	Previous ICR Reference No: 202207-1902-009
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 (Final Rule 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: 10/24/2023

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

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Abstract: A consolidated supporting statement is being submitted for the Final Rule 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 Final Rule RM21-11) to FERC Form Nos. 1, 1-F, and 3-Q (electric), and 60 for three years. The collections impacted by this Final Rule M21-11 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 Final Rule 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 Final Rule 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): 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	Final or interim final rulemaking	88 FR 69294	10/05/2023

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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

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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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	1,104	1,104	0	0	0	0
Annual Time Burden (Hours)	185,031	185,031	0	0	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

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: 10/24/2023

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