FERC-3-Q, Quarterly Financial Report of Electric Utilities, Licensees, and Natural Gas Companies
Revision of a currently approved collection
No
Regular
07/07/2026
Requested
Previously Approved
12/31/2028
12/31/2028
1,098
1,098
94,206
184,464
0
0
The Federal Energy Regulatory Commission (Commission or FERC) requests the Office of Management and Budget (OMB) review the proposed changes to 3-Q (electric and gas) as part of the NOPR RM26-12-000. The Commission conducted a comprehensive review of the information collected in the quarterly financial forms and proposes to delete a total of 20 schedules from FERC Form No. 3-Q across both Electric (17 schedules) and Gas (3 schedules). In this NOPR, the Commission seeks comment on whether the data reported on the indicated schedules is helpful to the public and, if so, how this data is used. The Commission also seeks comment on whether there may be a better way for the public to access the data in these 20 schedules, rather than through the quarterly financial forms.
In accordance with sections 304(a) and 309 of the Federal Power Act (FPA) and sections 10(a) and 16 of the Natural Gas Act (NGA), FERC is authorized to collect and record data to the extent it considers necessary, and to prescribe rules and regulations concerning accounts, records, and memoranda. Under the existing regulations, FERC jurisdictional entities subject to its Uniform System of Accounts (USofA) must annually file a complete set of financial statements with the Commission, along with other selected financial and non-financial data through the submission of FERC Form Nos. 1 and 1-F and must file this information quarterly through the submission of FERC Form No. 3-Q.
This proposed rule would reduce the number of required quarterly schedules that need to be completed by the electric industry (removing 17 of 24 schedules and an estimated 70% reduction in burden) and the gas industry (removing 3 of 19 schedules and an estimated 15% reduction in burden).
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:
(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;
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.