Annual Report of Major Public Utilities, Licensees and Others,

Forms and Documents

Document Name	Status
Form FERC-1 Annual Report of Major Public Utilities, Licensees and Others, Form	Modified
RM08-5-000 Form 1 Revisions.doc Supplementary Document	2008-10-07
OMB Just. RM08.5-000(Supp)Final Rule.doc Supporting Statement A	2008-12-23

IC Document Collections

IC ID	Document Title	Status
22925	Annual Report of Major Public Utilities, Licensees and Others, Form	Modified

ICR Details

OMB Control No: 1902-0021	ICR Reference No: 200810-1902-005
Status: Historical Active	Previous ICR Reference No: 200512-1902-010
Agency/Subagency: FERC	Agency Tracking No: FERC Form 1
Title: Annual Report of Major Public Utilities, Licensees and Others,
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 12/23/2008
	Date Received in OIRA: 10/07/2008
Terms of Clearance: Agency added language to justification 6 and 13 that ensures these justifications are addressed. In addition, Agency provided further details behind burden changes described in justification 15.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2011	36 Months From Approved	02/28/2009
Responses	211	0	220
Time Burden (Hours)	245,150	0	250,107
Cost Burden (Dollars)	0	0	0

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Abstract: FERC is amending its financial reporting requirements for the quarterly and annual financial reporting forms for public utilities and licensees in RM08-5-000. The Final Rule adopts revised reporting requirements which will enhance the Commission's and customers' review of formula rates; permit better understanding of non-power goods and services transactions with affiliates, and provide additional detail of revenues not previously specified in the Form 1. In addition, the Final Rule will expedite reporting by clarifying Form 1 instructions and cross-references and making technical improvements to the form. Finally, the Final Rule responds to the burden faced by filers by adopting minimum reporting thresholds for certain accounting data, eliminating the reporting requirement for certain utilities that are not otherwise subject FERC's reporting obligations or jurisdiction, and accommodating filers whose fiscal year does not fall in the calendar year that is used for reporting purposes.

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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-AD50	Final or interim final rulemaking	73 FR 58720	10/07/2008

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? Yes

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Annual Report of Major Public Utilities, Licensees and Others,	FERC-1	Annual Report of Major Public Utilties and Licensees

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ICR Summary 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	211	220	0	0	-9	0
Annual Time Burden (Hours)	245,150	250,107	0	5,275	-10,232	0
Annual Cost Burden (Dollars)	0	0	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 data now reported in the forms does not provide sufficient information to FERC and the public to permit an evaluation of the filers’ jurisdictional rates. Since the triennial restatement of rates requirement was abolished and pipelines are no longer required to submit this information, the need for current and relevant data is greater than in the past. The information collections proposed in the Final Rule will increase the forms’ usefulness to both the public and to FERC. Without this information, it is difficult for FERC and the public to perform an assessment of electric utility costs, and thereby help to ensure that rates are just and reasonable. FERC has determined that dependable, affordable, competitive wholesale energy markets require an adequate infrastructure, balanced market rules, and vigilant oversight. This Final Rule helps in achieving the goal of vigilant oversight by providing FERC with more timely, relevant, reliable and understandable information from jurisdictional participants in the energy markets. It should be noted that the adjustments to Forms 1, 1-F and 3Q reflect the changing number of companies subject to FERC’s jurisdiction. With respect to the Form 1-F, the decrease may be due to either companies receiving exemptions from having to file the Form 1-F or have consolidated their reporting because of becoming an affiliate of a parent company who already files the Form 1.

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Annual Cost to Federal Government: $254,712

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

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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: 10/07/2008

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