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OMB Control No: 1902-0250	ICR Reference No: 201208-1902-001
Status: Historical Active	Previous ICR Reference No: 200912-1902-004
Agency/Subagency: FERC	Agency Tracking No: FERC-915
Title: FERC-915, Public Utility Market-Based Rate Authorization Holders Records Retention Requirements
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 11/02/2012
	Date Received in OIRA: 08/13/2012
Terms of Clearance: In accordance with 5 CFR 1320, the information collection is approved for three years.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2015	36 Months From Approved	11/30/2012
Responses	1,730	0	1,150
Time Burden (Hours)	1,730	0	1,150
Cost Burden (Dollars)	328,983	0	439,408

Abstract: In accordance with the Federal Power Act (FPA), the Department of Energy Organization Act (DOE Act), and the Energy Policy Act of 2005 (EPAct 2005) the Commission regulates the transmission and wholesale sales of electricity in interstate commerce, monitors and investigates energy markets, uses civil penalties and other means against energy organizations and individuals who violate Commission rules in the energy markets, administers accounting and financial reporting regulations, and oversees conduct of regulated companies. The Commission has the regulatory responsibility under section 205 of the Federal Power Act to ensure that wholesale sales of electricity are just and reasonable and provided in a non-discriminatory manner. Due to 18 CFR 35.41(d), the Commission requires all sellers with market-based rates to retain all relevant sales documents for five years. Relevant documents include all information upon which a seller billed the prices it charged for electric energy or electric energy products sold pursuant to seller's market-based rate tariff and the prices it reported for use in price indices. In addition to the fiveyear record retention requirements previously highlighted, the five-year statute of limitations applies where the Commission seeks civil penalties for violations of the Anti-Manipulation rule or other rules, regulations, or orders to which the price information may be relevant.

Authorizing Statute(s): US Code: 16 USC 791-825r 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:
	77 FR 28863	05/16/2012
30-day Notice:	Federal Register Citation:	Citation Date:
	77 FR 47050	08/07/2012
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
FERC-915, Public Utility Market-Based Rate Authorization Holders Records Retention Requirements

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Adjustment in Estimate
Annual Number of Responses	1,730	1,150	580
Annual Time Burden (Hours)	1,730	1,150	580
Annual Cost Burden (Dollars)	328,983	439,408	-110,425

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: No

Burden Reduction Due to:

Short Statement: The total estimated burden of the FERC-915 increased due to the Commission's approval of new applications for entities to sell under market-based rates (i.e. the number of respondents increased). Therefore, the quantity of respondents increased from the previously approved information collection and the currently presented one. It is important to note that the quantity of responses is constantly in flux relative to market participation and application approval. Conversely, the annual cost burden decreased despite the increased quantity of responses. This is due to increased reliance on electronic storage which lowered record retention costs for 50% of respondents and, thus, lowered the total resultant annual cost burden. Additionally, the previously approved information collection incorporated labor costs into the total annual cost burden to respondents. The Commission has corrected this error (i.e. labor costs are now contained within the total estimated burden upon respondents in item #12 of the supporting statement) in the data presented here and, accordingly, lowered the annual cost burden further.

Annual Cost to Federal Government: $1,588

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: Astrid Rapp 202 502-6264

View ICR - OIRA Conclusion