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:
1902-0215
ICR Reference No:
202504-1902-007
Status:
Active
Previous ICR Reference No:
202310-1902-009
Agency/Subagency:
FERC
Agency Tracking No:
FERC Form No. 60, FERC-61, & FERC-555A
Title:
FERC Form No. 60 (Annual Reports Of Centralized Service Cos.), FERC-61 (Narrative Description Of Service Co, FERC-555A (Preservation of Records Companies & Service Cos)
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:
08/29/2025
Retrieve Notice of Action (NOA)
Date Received in OIRA:
05/16/2025
Terms of Clearance:
In accordance with 5 CFR 1320, the information collection is approved.
Inventory as of this Action
Requested
Previously Approved
Expiration Date
08/31/2028
36 Months From Approved
08/31/2025
Responses
102
0
286
Time Burden (Hours)
57,973
0
135,231
Cost Burden (Dollars)
510
0
49,148
Abstract:
In accordance with the Public Utility Holding Company Act 2005 (PUHCA 2005), the Commission requires centralized service companies to file FERC Form No. 60 or FERC-61, and comply with FERC-555A’s requirements unless the company is exempted or granted a waiver pursuant to the Commission’s regulations. The information collected in FERC Form No. 60 and FERC 61 enables better monitoring for cross-subsidization, and aids the Commission in carrying out its statutory responsibilities. In addition, centralized service companies are required under 555A to retain core business and accounting data to enable the Commission to meet its mandated rate review responsibilities and for agency audits. FERC requests a three-year extension of the information collection requirements for FERC Form No. 60, FERC-61, and FERC-555A with no changes to the current reporting requirements.
Authorizing Statute(s):
US Code:
42 USC 16451 et seq.
Name of Law: Public Utility Holding Company Act of 2005 (PUHCA 2005)
PL:
Pub.L. 109 - 58 1261-1277
Name of Law: Energy Policy Act of 2005
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:
90 FR 9144
02/07/2025
30-day Notice:
Federal Register Citation:
Citation Date:
90 FR 20649
05/15/2025
Did the Agency receive public comments on this ICR?
No
Number of Information Collection (IC) in this ICR:
3
IC Title
Form No.
Form Name
FERC Form No. 60, Annual Reports for Centralized Service Companies
60
Form 60: Annual Report of Centrialized Service Companies
FERC-555A, Preservation of Records for Service Companies Subject to PUHCA
FERC-61, Narrative Description of Service Company Functions
Updated Accounts (Final Rule in RM22-11-000) (One-Time)
ICR Summary of Burden
Total Approved
Previously Approved
Change Due to New Statute
Change Due to Agency Discretion
Change Due to Adjustment in Estimate
Change Due to Potential Violation of the PRA
Annual Number of Responses
102
286
0
-42
-142
0
Annual Time Burden (Hours)
57,973
135,231
0
-155
-77,103
0
Annual Cost Burden (Dollars)
510
49,148
0
0
-48,638
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:
Yes
Burden Reduction Due to:
Miscellaneous Actions
Short Statement:
Program changes. There are no program changes to the reporting or recordkeeping requirements. The last information collection request described one-time costs associated with changing regulatory requirements. The burden is no longer included as submitters have completed these one-time changes. Adjustment to Estimates. • The FERC Form No. 60 reporting burden experienced a decrease of 5 responses annually based on fluctuations in market activity. The hourly burden per response remains unchanged. Overall, Form No. 60 reporting burden decreased by 390 hours annually. • The FERC-61 reporting burden experienced a decrease of 66 responses annually based on a change in methodology for estimating the number of FERC-61 respondents. Previously, the number of responses included the potential for a holding company to file for a group of companies. In contrast, the current estimate is updated to instead reflect the actual number of filers filing the FERC-61, as opposed to the potential number of companies represented by the population of filers. It is also consistent with the manner in which the number of respondents is estimated for other Commission collections. The varying corporate sizes and complexities inherent in the filing community is already taken into account via the burden hours estimate that is based on average filer burden. The hourly burden per response remains unchanged. The decrease in the estimated number of FERC-61 filers resulted in an overall reporting burden decrease of 33 hours annually. • The FERC-555A reporting burden experienced a decrease of 71 responses annually also based on activity within industry (decrease of five responses) and change due to agency adjustment in estimate (decrease of 66 responses). The hourly burden per response remains unchanged. Overall, FERC-555A reporting burden decreased by 76,680 hours annually
Annual Cost to Federal Government:
$141,464
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:
Ken Ambrose 202 502-8524 kenneth.ambrose@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:
05/16/2025