FERC-520, Application for Authority to Hold Interlocking Directorate Positions

ICR 202503-1902-003

OMB: 1902-0083

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2025-03-07
Supplementary Document
2025-03-07
Supplementary Document
2025-03-07
Supplementary Document
2025-03-07
Supplementary Document
2025-03-07
Supplementary Document
2025-03-07
Supplementary Document
2022-01-03
IC Document Collections
IC ID
Document
Title
Status
250982 Unchanged
250981 Unchanged
250980 Unchanged
ICR Details
1902-0083 202503-1902-003
Received in OIRA 202107-1902-019
FERC FERC-520
FERC-520, Application for Authority to Hold Interlocking Directorate Positions
Extension without change of a currently approved collection   No
Regular 03/13/2025
  Requested Previously Approved
36 Months From Approved 05/31/2025
616 616
4,825 4,825
0 0

Absent Commission authorization, section 305(b)(1) of the Federal Power Act (FPA) (with some exceptions) prohibits an officer or director of a public utility from holding the position of officer or director of more than one public utility, and prohibits an officer or director or a public utility from also holding the position of officer or director any one of the following entities: • Any bank, trust company, banking association, or firm that is authorized by law to underwrite or participate in the marketing of securities of a public utility; or • Any company supplying electrical equipment to such utility. In order to obtain Commission authorization to hold one or more of the prohibited positions, an applicant must provide information that enables the Commission to determine that neither public nor private interests will be adversely affected. FERC-520 consists of information collection activities that officers and directors of public utilities may use to seek authorization to hold interlocking positions. These activities take the form of a "full application," an "informational report," or a "notice of change."

US Code: 16 USC 825d Name of Law: Federal Power Act
  
None

Not associated with rulemaking

  89 FR 95765 12/03/2024
90 FR 11310 03/05/2025
No

3
IC Title Form No. Form Name
Full Application
Informational Report
Notice of Change

  Total Request 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 616 616 0 0 0 0
Annual Time Burden (Hours) 4,825 4,825 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$145,535
No
    No
    No
No
No
No
No
Jade Womack 202 502-6867

  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.
03/13/2025


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