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OMB Control No: 1902-0205	ICR Reference No: 201307-1902-009
Status: Historical Active	Previous ICR Reference No: 201109-1902-001
Agency/Subagency: FERC	Agency Tracking No: FERC Form 3-Q
Title: FERC-3-Q, (Final Rule in RM11-24) Quarterly Financial Report of Electric Utilities, Licensees, and Natural Gas Companies
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: 11/14/2013
Retrieve Notice of Action (NOA)	Date Received in OIRA: 08/16/2013
Terms of Clearance: Prior to the next submission, FERC will consider any public comments or requests for clarification concerning the recordkeeping and reporting requirements that have been appropriately filed with the Commission.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2016	36 Months From Approved	05/31/2014
Responses	1,101	0	1,101
Time Burden (Hours)	184,575	0	183,936
Cost Burden (Dollars)	0	0	0

Abstract: A consolidated supporting statement is being submitted with 5 ICRs (for Forms 1, 1-F, and 3-Q [electric]; FERC-717 and FERC-917) for the final rule in Docket No. RM11-24. Form 3-Q requires companies to file with FERC a complete set of quarterly financial statements. Most of the information contained in these forms is the same information currently submitted on an annual basis. Quarterly reporting of financial information permits the Commission to better understand trends and other factors that may affect an entity's liquidity position, its commitments of capital expenditures, its sources of financing, along with changes in the amount of assets, liabilities, debt and equity used in its business. Transparent accountings and more frequent financial reporting play an important role in achieving vigilant oversight of market participants. More frequent financial reporting provides needed insight into the opportunities and risks facing the energy industry as the Commission considers and assesses the affects of its regulatory initiatives. The Commission shares the view that quarterly reporting enhances its overall decision making process by providing more timely, useful and relevant data to the decision making process. In the final rule (Order 784) in Docket RM11-24, FERC is revising its regulations to foster competition and transparency in ancillary services markets. FERC is revising certain aspects of its current market-based rate regulations, ancillary services requirements under the pro forma open-access transmission tariff (OATT), and accounting and reporting requirements. Specifically, FERC is revising Part 35 of its regulations to reflect reforms to its Avista policy governing the sale of ancillary services at market-based rates to public utility transmission providers. The Commission is also requiring each public utility transmission provider to add to its OATT Schedule 3 a statement that it will take into account the speed and accuracy of regulation resources in its determination of reserve requirements for Regulation and Frequency Response service, including as it reviews whether a self-supplying customer has made "alternative comparable arrangements" as required by the Schedule. The final rule also requires each public utility transmission provider to post certain Area Control Error data as described in the final rule. Finally, the Commission is revising the accounting and reporting requirements under its Uniform System of Accounts for public utilities and licensees and its forms, statements, and reports, contained in FERC Form No. 1, FERC Form No. 1-F, and FERC Form No. 3-Q, to better account for and report transactions associated with the use of energy storage devices in public utility operations.

Authorizing Statute(s): US Code: 16 USC 825c, 825h Name of Law: Federal Power Act

Citations for New Statutory Requirements: None

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
1902-AE38	Final or interim final rulemaking	78 FR 46178	07/30/2013

Federal Register Notices & Comments
Did the Agency receive public comments on this ICR? Yes

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Agency Discretion
Annual Number of Responses	1,101	1,101	0
Annual Time Burden (Hours)	184,575	183,936	639
Annual Cost Burden (Dollars)	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: Unrelated to the final rule in RM11-24, FERC is making administrative changes in reginfo.gov (ROCIS) and including separate IC's for the electric Form 3-Q and the gas Form 3-Q. As a result of this administrative separation and increased detail, the existing burden hours and nos. of respondents and responses are being allocated between the electric and gas entities and the corresponding ICs (two ICs rather than being consolidated in one IC). The final rule in RM11-24 does not affect the gas Form 3-Q; the rule only affects the electric Form 3-Q by adding 1 hour of burden per quarterly filing of the Form 3-Q for the 213 electric entities. (Other electric collections are affected and detailed in other ICRs for RM11-24.) FERC is revising its regulations to enhance competition and transparency in ancillary services markets. The Commission is revising certain aspects of its current market-based rate regulations, ancillary services requirements under the pro forma open-access transmission tariff (OATT), and accounting and reporting requirements. Specifically, the Commission is revising Part 35 of its regulations to reflect reforms to its Avista policy governing the sale of ancillary services at market-based rates to public utility transmission providers. The Commission is also requiring each public utility transmission provider to add to its OATT Schedule 3 a statement that it will take into account the speed and accuracy of regulation resources in its determination of reserve requirements for Regulation and Frequency Response service, including as it reviews whether a self-supplying customer has made "alternative comparable arrangements" as required by the Schedule. Each public utility transmission provider is also required to post certain Area Control Error data on the open access same-time information system (OASIS). Finally, the Commission is revising the accounting and reporting requirements under its Uniform System of Accounts for public utilities and licensees (USofA) and its forms, statements, and reports, contained in FERC Form No. 1 (Form No. 1), Annual Report of Major Electric Utilities, Licensees and Others, FERC Form No. 1-F (Form No. 1-F), Annual Report for Nonmajor Public Utilities and Licensees, and FERC Form No. 3-Q (Form No. 3-Q), Quarterly Financial Report of Electric Utilities, Licensees, and Natural Gas Companies, to better account for and report transactions associated with the use of energy storage devices in public utility operations.

Annual Cost to Federal Government: $81,495

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: Brian Holmes 202 219-2618

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