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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:
1902-0255
ICR Reference No:
201911-1902-004
Status:
Historical Active
Previous ICR Reference No:
201906-1902-001
Agency/Subagency:
FERC
Agency Tracking No:
FERC-920
Title:
FERC-920 (Electric Quarterly Report (EQR))
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:
11/05/2019
Retrieve Notice of Action (NOA)
Date Received in OIRA:
11/05/2019
Terms of Clearance:
In accoradance with 5 CFR 1320, the information collection is approved for three years.
Inventory as of this Action
Requested
Previously Approved
Expiration Date
11/30/2022
36 Months From Approved
11/30/2019
Responses
10,380
0
11,275
Time Burden (Hours)
187,878
0
230,032
Cost Burden (Dollars)
0
0
0
Abstract:
Note that this ICR reflects removal of one-time requirements that have been completed; no other changes to the reporting requirements are being made at this time. Some adjustments are also being made due to normal industry fluctuations. This is being re-submitted per OMB's direction (for ICR 201906-1902-001, submitted 9/24/2019) on 11/4/19. EQR information allows the Commission and the public to gain a more complete picture of interstate wholesale electric power and transmission markets by providing information concerning price formation and market concentration in these markets. Public access to power sales and transmission-related information in the EQR improves market participants’ ability to assess supply and demand fundamentals and to price interstate wholesale electric market transactions. This, in turn, results in greater market confidence, lower transaction costs, and ultimately supports competitive markets. In addition, the data filed in the EQR strengthens the Commission’s ability to exercise its oversight and enforcement responsibilities of wholesale electric and electric power transmission rates in accordance with the Federal Power Act. Without this information, the Commission would lack some of the data it needs to examine and approve or modify electric rates. It also strengthens the Commission’s ability to identify potential exercises of market power or manipulation and to better evaluate the competitiveness of interstate wholesale electric markets.
Authorizing Statute(s):
PL:
Pub.L. 109 - 58 119 Stat. 594 (2005)
Name of Law: EPAct 2005 (Energy Policy Act of 2005)
US Code:
16 USC 824t
Name of Law: Federal Power Act
Citations for New Statutory Requirements:
None
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
Not associated with rulemaking
Federal Register Notices & Comments
60-day Notice:
Federal Register Citation:
Citation Date:
84 FR 32447
07/08/2019
30-day Notice:
Federal Register Citation:
Citation Date:
84 FR 49724
09/23/2019
Did the Agency receive public comments on this ICR?
No
Number of Information Collection (IC) in this ICR:
1
IC Title
Form No.
Form Name
Electric Quarterly Report
ONE-TIME implementation burden (averaged over first 3 years) due to RM10-12 final rule, w/eTag ID removed
ONE-TIME implementation burden (averaged over first 3 yrs.) of RM12-3 (System Refresh) Final Rule
One-time, phased in over 3 years, due to Final Rule in RM15-2
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
10,380
11,275
0
-3,931
3,036
0
Annual Time Burden (Hours)
187,878
230,032
0
-89,945
47,791
0
Annual Cost Burden (Dollars)
0
0
0
0
0
0
Burden increases because of Program Change due to Agency Discretion:
No
Burden Increase Due to:
Burden decreases because of Program Change due to Agency Discretion:
Yes
Burden Reduction Due to:
Miscellaneous Actions
Short Statement:
There are no changes to the reporting or record keeping requirements in the FERC-920, however we are making program decreases (to reflect completed one-time reporting requirements) as well as adjustments (due to normal industry fluctuations) as described in the supporting statement. Adjustments.. Due to market fluctuation, the number of responses has increased (from 7,344 to 10,380) and resulted in the burden increasing from 140,087 hours to 187,878 hours. Program Decreases. Further, FERC-920 contains one-time implementation burden related to three unrelated FERC activities. Details on those activities follow: • One-time implementation burden related to RM10-12-000 Final Rule (1,836 responses and 77,540 hours annually); • One-time implementation burden related to RM12-3-000 Final Rule (1,836 responses and 11,887 hours annually); and • One-time implementation burden related to RM15-2-000 Final Rule (259 responses and 518 hours annually). These three activities total to 3,931 responses and 89,945 hours annually. All of their requirements have been completed and should no longer be part of the FERC-920 information collection. All of these one-time requirements are being removed within this ICR. The total requested burden for FERC-920 in this ICR reflects the removal of these one-time requirements (program decrease) and the increased burden due to market fluctuation (adjustment in estimate).
Annual Cost to Federal Government:
$1,675,742
Does this IC contain surveys, censuses, or employ statistical methods?
No
Does this ICR request any personally identifiable information (see
OMB Circular No. A-130
for an explanation of this term)? Please consult with your agency's privacy program when making this determination.
No
Does this ICR include a form that requires a Privacy Act Statement (see
5 U.S.C. §552a(e)(3)
)? Please consult with your agency's privacy program when making this determination.
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:
Donald Callow 202 502-8838
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:
11/05/2019
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