FERC-523, Application for Authorization for the Issuance of Securities or the Assumption of Liabilities

The Commission collects FERC-523 information via 18 CFR 34, 131.43, and 131.50. The collection includes a variety of information. In these filings, applicant(s) describe the securities that the company proposes to issue. Additionally, applicant(s) indicate the purpose of the securities and whether or not the company will file any part of the application with any state. Applicant(s) provide a detailed statement of the facts upon which the applicant relies as well as a statement of the bond indentures or other limitations on interest and dividend coverage. These applicant(s) identify the effects of the limitations on the issuance of additional debt or equity securities. And finally, applicant(s) must provide a brief statement of any rate changes made effective during the subject period. The Commission issues an approval order if it finds that the issuance of any security or assumption of any obligation meets the following criteria: • it is for "lawful object" within the corporate purposes of the applicant and compatible with the public interest; • it is necessary or appropriate for or consistent with the proper performance by the applicant of service as a public utility; and • it will not impair the applicant's ability to perform service and is reasonably necessary or appropriate to perform service. The Commission uses this information to determine whether to approve an application for authorization to issue securities or to assume an obligation or liability by the public utilities and their licensees who make these applications. If the information were not collected, the Commission would not be able to comply with the FPA directives.

The latest form for FERC-523, Application for Authorization for the Issuance of Securities or the Assumption of Liabilities expires 2028-01-31 and is listed under ICR 202411-1902-003.