FERC-555, Preservation of Records for Public Utilities and Licensees, Natural Gas and Oil Pipeline Companies.

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Final_FERC-555 supporting statement_PL24-1.docx	Supporting Statement A	Uploaded 2024-04-05	Repair queued
Final Policy Statement_PL24-1-000.pdf	Supplementary Document	Uploaded 2024-04-01	Repair queued
Proposed Policy Statement_PL24-1-000.pdf	Supplementary Document	Uploaded 2024-04-01	Repair queued
Final Policy Statement_PL24-1-000_3_21_24.docx	Supplementary Document	Uploaded 2024-04-01	Repair queued
Proposed Policy Statement_PL24-1-000_Issued_10_19_23.docx	Supplementary Document	Uploaded 2024-04-01	Repair queued
18 CFR Part 356.pdf	Supplementary Document	Uploaded 2022-12-22	Repair queued
18 CFR Part 225.pdf	Supplementary Document	Uploaded 2022-12-22	Repair queued
18 CFR Part 125.pdf	Supplementary Document	Uploaded 2022-12-22	Repair queued
16 U.S.C. 825.pdf	Supplementary Document	Uploaded 2022-12-22	Repair queued
15 U.S.C. 717g.pdf	Supplementary Document	Uploaded 2022-12-22	Repair queued
49 U.S.C. 60502.pdf	Supplementary Document	Uploaded 2022-12-22	Repair queued

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
266482	Project Area Wages Record Retention		New
23079	FERC-555, Preservation of Records for Public Utilities and Licensees, Natural Gas Pipeline Companies, and Oil Pipeline Companies.		Unchanged

ICR Details

OMB Control No: 1902-0098	ICR Reference No: 202403-1902-020
Status: Active	Previous ICR Reference No: 202210-1902-006
Agency/Subagency: FERC	Agency Tracking No: FERC-555
Title: FERC-555, Preservation of Records for Public Utilities and Licensees, Natural Gas and Oil Pipeline Companies.
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 06/27/2024
Retrieve Notice of Action (NOA)	Date Received in OIRA: 04/05/2024
Terms of Clearance: Because the agency sought comments only on the changes associated with the policy statement, the existing expiration date remains the same for this collection. In accordance with 5 CFR 1320, the information collection is approved.

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2027	36 Months From Approved	01/31/2027
Responses	679	0	509
Time Burden (Hours)	2,656,132	0	2,655,962
Cost Burden (Dollars)	78,243,220	0	78,243,220

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Abstract: FERC-555 involves FERC's records retention regulations which apply to public utilities and licensees, natural gas pipeline companies, and oil pipeline companies. These records serve as the basis for required rate filings and reports submitted to FERC. The records are retained in order to be reviewed by FERC staff during compliance reviews, audits, special analyses performed as deemed necessary by FERC, and serve as a basis in complaint proceedings. The official records that are required to be maintained by jurisdictional companies in accordance with 18 CFR Parts 125, 225 and 356 include the following types of records: • Corporate • Information Technology Management • General Accounting • Personnel and Payroll • Transportation • Tariffs and Rates • Insurance • Operations and Maintenance • Plant and Depreciation • Purchase and Stores • Revenue Accounting and Collection • Tax • Treasury • Miscellaneous See 18 CFR Parts 125, 225, and 356 for the specific items and retention periods. In the final policy statement, PL24-1-000, the Commission is clarifying that the cost data (submitted via the FERC-516J, -537, -538, -545, -546, and -550) should include project-wide labor wages and include union and non-union wages. The requirement to submit additional data will cause a slight increase in overall amount of data that must be retained under the FERC-555 data collection. Therefore, the changes in the final policy statement will require additional retention under the FERC-555 data collection.

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Authorizing Statute(s): US Code: 16 USC 825, 825c, 825h Name of Law: Federal Power Act
   US Code: 15 USC 717-717w, Sec. 8, 10, 16 Name of Law: Natural Gas Act
   US Code: 16 USC 792-828o, Sec. 301, 304, 309 Name of Law: Federal Power Act
   US Code: 49 USC 60502 Name of Law: Interstate Commerce Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	88 FR 73833	10/27/2023
30-day Notice:	Federal Register Citation:	Citation Date:
	89 FR 21503	03/28/2024
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
FERC-555, Preservation of Records for Public Utilities and Licensees, Natural Gas Pipeline Companies, and Oil Pipeline Companies.
Project Area Wages Record Retention

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ICR Summary of Burden

table that charts list of burden

	Total Approved	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	679	509	0	170	0	0
Annual Time Burden (Hours)	2,656,132	2,655,962	0	170	0	0
Annual Cost Burden (Dollars)	78,243,220	78,243,220	0	0	0	0

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

Burden Increase Due to: Miscellaneous Actions

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

Burden Reduction Due to:

Short Statement: There is an increase in both burden and responses due to the final policy statement PL24-1-000. Specifically, responses are increasing by 170 and burden hours are increasing by 170 hours because the Commission estimates that 170 firms could be required to retain project area wage records.

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Annual Cost to Federal Government: $14,968,988

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: 04/05/2024

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