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View Information Collection (IC) List
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Please note that the OMB number and expiration date may not have been determined when this Information Collection Request and associated Information Collection forms were submitted to OMB. The approved OMB number and expiration date may be found by clicking on the Notice of Action link below.
View ICR - OIRA Conclusion
OMB Control No:
1902-0096
ICR Reference No:
201012-1902-006
Status:
Historical Active
Previous ICR Reference No:
201010-1902-001
Agency/Subagency:
FERC
Agency Tracking No:
FERC-516
Title:
FERC-516, (Final Rule in RM10-13-000) Electric Rate Schedules and Tariff Filings
Type of Information Collection:
Revision of a currently approved collection
Common Form ICR:
No
Type of Review Request:
Regular
OIRA Conclusion Action:
Approved without change
Conclusion Date:
02/08/2011
Retrieve Notice of Action (NOA)
Date Received in OIRA:
12/21/2010
Terms of Clearance:
In accordance with 5 CFR 1320, the collection is approved for 3 years.
Inventory as of this Action
Requested
Previously Approved
Expiration Date
02/28/2014
36 Months From Approved
12/31/2013
Responses
4,650
0
4,644
Time Burden (Hours)
462,501
0
461,901
Cost Burden (Dollars)
143,556
0
143,556
Abstract:
FERC requests OMB review and extend its approval of FERC-516 Electric Rate Schedule Filings. FERC-516 will be affected because the Commission adopted in a Final Rule, RM10-13-000 “Promoting a Competitive Market for Capacity Reassignment” to amend its regulations under the Federal Power Act Section 205, to improve the management of risk and the subsequent use of credit in organized wholesale electric markets. Each RTO and ISO will be required to submit a compliance filing including tariff revisions to demonstrate that its existing tariff already satisfies the regulations. The Commission is issuing this Final Rule to require shortened settlement time frames, to
Authorizing Statute(s):
PL:
Pub.L. 110 - 140 1301, 1305
Name of Law: Energy Independence and Security Act
US Code:
16 USC 824(d)
Name of Law: Federal Power Act
Citations for New Statutory Requirements:
None
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
1902-AD89
Final or interim final rulemaking
75 FR 65942
10/27/2010
Federal Register Notices & Comments
Did the Agency receive public comments on this ICR?
Yes
Number of Information Collection (IC) in this ICR:
3
IC Title
Form No.
Form Name
Electric Rates Schedules and Tariff Filings
FERC-516, (one-time filing) RM05-5-013 Final Rule, Standards for Business Practices and Communications Protocols for Public Utilities
FERC-516, Final Rule in RM05-5-017 (one-time filing)
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
4,650
4,644
0
6
0
0
Annual Time Burden (Hours)
462,501
461,901
0
600
0
0
Annual Cost Burden (Dollars)
143,556
143,556
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 Commission is issuing this Final Rule to reform credit practices in organized wholesale electric markets. The recent turmoil in financial markets has emphasized the importance of sound credit practices that provide competitive markets with adequate access to capital without excessive risk and without excessive cost. Credit policies are particularly important in the organized energy markets, in which regional transmission organizations (RTOs) and independent system operators (ISOs) must balance the need for market liquidity against corresponding risk. In order to ensure that credit policies result in jurisdictional rates that are just and reasonable, the Commission proposes to require RTOs and ISOs to adopt tariff revisions reflecting these proposed credit reforms.
Annual Cost to Federal Government:
$1,574,592
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]?
No
Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]?
No
Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)?
No
Is this ICR related to the Pandemic Response?
Uncollected
Agency Contact:
Christina Hayes 202 502-6194 christina.hayes@ferc.gov
Common Form ICR:
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:
(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:
12/21/2010
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