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

ICR 201908-1902-004

OMB: 1902-0098

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2019-11-25
Supplementary Document
2019-08-29
Supplementary Document
2019-08-29
Supplementary Document
2019-08-29
Supplementary Document
2019-08-29
Supplementary Document
2019-08-29
Supplementary Document
2019-08-29
Supplementary Document
2019-08-29
Supplementary Document
2019-08-29
Supplementary Document
2019-08-29
ICR Details
1902-0098 201908-1902-004
Active 201604-1902-004
FERC FERC-555
FERC-555, Preservation of Records for Public Utilities and Licensees, Natural Gas and Oil Pipeline Companies.
Extension without change of a currently approved collection   No
Regular
Approved with change 01/03/2020
Retrieve Notice of Action (NOA) 08/29/2019
In accordance with 5 CFR 1320, the information collection is approved for 3 years.
  Inventory as of this Action Requested Previously Approved
01/31/2023 36 Months From Approved 01/31/2020
509 0 509
2,656,034 0 2,656,034
78,243,220 0 78,242,971

FERC-555 contains FERC's records retention regulations which cover records maintained by public utilities and licensees, natural gas 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 maintained by jurisdictional companies in accordance with the Schedules provided in the Code of Federal Regulations (CFR) Title 18 Parts 125, 225 and 356 are used by these companies as the basis for rate filings and reports for the Commission. In addition, the records are used by the Commission's audit and compliance staffs during the periodic compliance reviews and special analyses performed as deemed necessary by the Commission. In general, FERC's regulations require jurisdictional companies to maintain 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. The information contained in Parts 125, 225, and 356 is used by jurisdictional companies to determine the minimum length of time to maintain their records subject to the requirements of the Commission.

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
   US Code: 16 USC 825, 825c, 825h Name of Law: Federal Power Act
  
None

Not associated with rulemaking

  84 FR 30705 06/27/2019
84 FR 46509 09/04/2019
No

1
IC Title Form No. Form Name
FERC-555, Preservation of Records for Public Utilities and Licensees, Natural Gas and Oil Pipeline Companies.

  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 509 509 0 0 0 0
Annual Time Burden (Hours) 2,656,034 2,656,034 0 0 0 0
Annual Cost Burden (Dollars) 78,243,220 78,242,971 0 0 249 0
No
No

$12,035,384
No
    No
    No
No
No
No
Uncollected
Jim Yu 202 502-6153

  No

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.
08/29/2019


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