View Information Collection Request (ICR) Package
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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:
202310-1902-010
Status:
Historical Inactive
Previous ICR Reference No:
202109-1902-006
Agency/Subagency:
FERC
Agency Tracking No:
FERC-920
Title:
FERC-920 - Electric Quarterly Report (EQR) (NOPR RM23-9)
Type of Information Collection:
Revision of a currently approved collection
Common Form ICR:
No
Type of Review Request:
Regular
OIRA Conclusion Action:
Comment filed on proposed rule and continue
Conclusion Date:
06/10/2024
Retrieve Notice of Action (NOA)
Date Received in OIRA:
11/02/2023
Terms of Clearance:
In accordance with 5 CFR 1320, OMB is filing comment and withholding approval at this time. The agency shall examine public comment in response to the proposed rulemaking and include in the supporting statement of the next ICR--to be submitted to OMB at the final rule stage--a description of how the agency has responded to any public comments on the ICR, including comments on maximizing the practical utility of the collection and minimizing the burden.
Inventory as of this Action
Requested
Previously Approved
Expiration Date
04/30/2026
36 Months From Approved
04/30/2026
Responses
11,716
0
11,716
Time Burden (Hours)
212,060
0
212,060
Cost Burden (Dollars)
0
0
0
Abstract:
General Background on EQR: 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. In the NOPR on Revisions to the Filing Process and Data Collection for the Electric Quarterly Report, in Docket No. RM23-9-000, the Commission proposes to update and streamline the collection of data, improve data quality, increase market transparency, and decrease the costs, over time, of preparing the necessary data for submission and complying with future changes to the filing requirements set forth by the Commission. Under the NOPR proposal, the EQR data collection would be modified to: 1. Implement a new collection method based on the eXtensible Business Reporting Language-comma separated values (XBRL-CSV) standard; 2. Require regional transmission organizations (RTOs) and independent system operators (ISOs) to produce reports containing market participant transaction data in XBRL-CSV format that adhere to the FERC EQR taxonomy; and 3. Modify or clarify EQR reporting requirements.
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:
1902-AG11
Proposed rulemaking
88 FR 73784
10/27/2023
Federal Register Notices & Comments
Did the Agency receive public comments on this ICR?
No
Number of Information Collection (IC) in this ICR:
13
IC Title
Form No.
Form Name
EQR Submissions Years 2 & 3 for filers without change (ongoing) (NOPR RM23-9)
EQR Submissions Years 2 & 3 using FERC templates (ongoing) (NOPR RM23-9)
EQR Submissions Years 2 & 3 without FERC templates (ongoing) (NOPR RM23-9)
EQR submissions (quarters 2,3,4 of first year), no change to submission (one-time) (NOPR RM23-9)
EQR submissions (quarters 2,3,4 of first year), using FERC templates (one-time) (NOPR RM23-9)
EQR submissions (quarters 2,3,4 of first year), without FERC templates (one-time) (NOPR RM23-9)
Electric Quarterly Report [including formerly separate IC on time zone info.]
FERC-920
Electric Quarterly Report
Formatting Submissions (Q1) using FERC template in XBRL-CSV (one-time) (NOPR RM23-9)
Formatting submission with no change (Q1) (one-time) (NOPR RM23-9)
Formatting submissions (Q1) to XBRL-CSV without template (one-time) (NOPR RM23-9)
RTO/ISO Reports, Year 1, with existing transaction reports (one-time) (NOPR RM23-9)
RTO/ISO Reports, Years 2 and beyond transaction reports (ongoing) (NOPR RM23-9)
RTO/ISO reports without existing transaction reports (one-time) (NOPR RM23-9)
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:
The proposed rule in Docket no. RM23-9-000 causes an increase in burden due to program changes. Commission staff recognizes that the increase in burden will be significant in during the adoption and implementation of the changes, but anticipates that the modernized collection method will reduce burden on filers overtime. The revisions proposed in this NOPR would: (a) implement a new collection method based on the XBRL-CSV standard; (b) require RTOs and ISOs to produce reports containing market participant transaction data in XBRL-CSV format that adhere to the FERC EQR taxonomy; and (c) make substantive changes to eliminate or modify the information collected in the EQR. The information collected in the EQR is required to be submitted quarterly to the Commission under existing regulations and reporting requirements adopted under the FPA.
Annual Cost to Federal Government:
$668,921
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:
Christopher Kozler 734 239-3294 christopher.kozler@ferc.gov
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:
11/02/2023
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