View Information Collection Request (ICR) Package

OMB Control No: 1902-0098	ICR Reference No: 201908-1902-004
Status: Historical Active	Previous ICR Reference No: 201604-1902-004
Agency/Subagency: FERC	Agency Tracking No: FERC-555
Title: FERC-555, Preservation of Records for Public Utilities and Licensees, Natural Gas and Oil Pipeline Companies.
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 with change	Conclusion Date: 01/03/2020
	Date Received in OIRA: 08/29/2019
Terms of Clearance: In accordance with 5 CFR 1320, the information collection is approved for 3 years.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2023	36 Months From Approved	01/31/2020
Responses	509	0	509
Time Burden (Hours)	2,656,034	0	2,656,034
Cost Burden (Dollars)	78,243,220	0	78,242,971

Abstract: FERC-555 contains FERC's records retention regulations which cover records maintained by public utilities and licensees, natural gas and oil pipeline companies. These records serve as the basis for required rate filings and reports submitted to FERC. The records are retained in order to be reviewed by FERC staff during compliance reviews, audits, special analyses performed as deemed necessary by FERC, and serve as a basis in complaint proceedings. The official records maintained by jurisdictional companies in accordance with the Schedules provided in the Code of Federal Regulations (CFR) Title 18 Parts 125, 225 and 356 are used by these companies as the basis for rate filings and reports for the Commission. In addition, the records are used by the Commission's audit and compliance staffs during the periodic compliance reviews and special analyses performed as deemed necessary by the Commission. In general, FERC's regulations require jurisdictional companies to maintain the following types of records: • Corporate • Information Technology Management • General Accounting • Personnel and Payroll • Transportation • Tariffs and Rates • Insurance • Operations and Maintenance • Plant and Depreciation • Purchase and Stores • Revenue Accounting and Collection • Tax • Treasury • Miscellaneous See 18 CFR Parts 125, 225, and 356 for the specific items and retention periods. The information contained in Parts 125, 225, and 356 is used by jurisdictional companies to determine the minimum length of time to maintain their records subject to the requirements of the Commission.

Authorizing Statute(s): US Code: 15 USC 717-717w, Sec. 8, 10, 16 Name of Law: Natural Gas Act
   US Code: 16 USC 792-828o, Sec. 301, 304, 309 Name of Law: Federal Power Act
   US Code: 49 USC 60502 Name of Law: Interstate Commerce Act
   US Code: 16 USC 825, 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:
	Not associated with rulemaking

Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	84 FR 30705	06/27/2019
30-day Notice:	Federal Register Citation:	Citation Date:
	84 FR 46509	09/04/2019
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
FERC-555, Preservation of Records for Public Utilities and Licensees, Natural Gas and Oil Pipeline Companies.

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Adjustment in Estimate
Annual Number of Responses	509	509	0
Annual Time Burden (Hours)	2,656,034	2,656,034	0
Annual Cost Burden (Dollars)	78,243,220	78,242,971	249

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:

Annual Cost to Federal Government: $12,035,384

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: Jim Yu 202 502-6153

View ICR - OIRA Conclusion