View Information Collection Request (ICR) Package

OMB Control No: 1902-0043	ICR Reference No: 202010-1902-007
Status: Historical Active	Previous ICR Reference No: 201705-1902-001
Agency/Subagency: FERC	Agency Tracking No: FERC-523
Title: FERC-523, Application for Authorization for the Issuance of Securities or the Assumption of Liabilities
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: 02/15/2022
	Date Received in OIRA: 11/04/2020
Terms of Clearance: This information collection is approved for three years. As terms of clearance, the agency is reminded that all information collections (including electronic collections) must display an OMB Control Number, expiration date, and burden statement. OMB will continue to work with FERC to ensure that this required information is provided to the public in accordance with 5 CFR 1320.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	02/28/2025	36 Months From Approved	02/28/2022
Responses	57	0	70
Time Burden (Hours)	3,990	0	4,900
Cost Burden (Dollars)	0	0	0

Abstract: The Commission collects FERC-523 information via 18 CFR 34, 131.43, and 131.50. The collection includes a variety of information. In these filings, applicant(s) describe the securities that the company proposes to issue. Additionally, applicant(s) indicate the purpose of the securities and whether or not the company will file any part of the application with any state. Applicant(s) provide a detailed statement of the facts upon which the applicant relies as well as a statement of the bond indentures or other limitations on interest and dividend coverage. These applicant(s) identify the effects of the limitations on the issuance of additional debt or equity securities. And finally, applicant(s) must provide a brief statement of any rate changes made effective during the subject period. The Commission issues an approval order if it finds that the issuance of any security or assumption of any obligation meets the following criteria: • it is for "lawful object" within the corporate purposes of the applicant and compatible with the public interest; • it is necessary or appropriate for or consistent with the proper performance by the applicant of service as a public utility; and • it will not impair the applicant's ability to perform service and is reasonably necessary or appropriate to perform service. The Commission uses this information to determine whether to approve an application for authorization to issue securities or to assume an obligation or liability by the public utilities and their licensees who make these applications. If the information were not collected, the Commission would not be able to comply with the FPA directives.

Authorizing Statute(s): US Code: 16 USC 824c 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:
	85 FR 50823	08/18/2020
30-day Notice:	Federal Register Citation:	Citation Date:
	85 FR 70145	11/04/2020
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
Application for Authorization for the Issuance of Securities or the Assumption of Liabilities

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Adjustment in Estimate
Annual Number of Responses	57	70	-13
Annual Time Burden (Hours)	3,990	4,900	-910
Annual Cost Burden (Dollars)	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: No

Burden Reduction Due to:

Short Statement: FERC is reporting 13 less responses in this clearance package due to the number of new entities and normal fluctuations in responding. The burden decrease is due to better estimate of applications processed and new companies responding. The total responses decreased to 57 for this renewal.

Annual Cost to Federal Government: $351,133

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? No

Agency Contact: Tina Briscoe 202 502-8751

View ICR - OIRA Conclusion