FERC Issues Commission Information Collection Activities Comment Request; Extension Under IC14-1
(Targeted News Service Via Acquire Media NewsEdge) WASHINGTON, Oct. 2 -- The U.S. Department of Energy's Federal Energy Regulatory Commission issued the following notice:
[Docket No. IC14-1-000]
COMMISSION INFORMATION COLLECTION ACTIVITIES (FERC-555);COMMENT REQUEST; EXTENSION
AGENCY: Federal Energy Regulatory Commission.
ACTION: Notice of information collection and request for comments.
SUMMARY: In compliance with the requirements of the Paperwork Reduction Act of 1995, 44 USC 3506(c)(2)(A), the Federal Energy Regulatory Commission (Commission or FERC) is soliciting public comment on the currently approved information collection, FERC-555 (Records Retention Requirements).
DATES: Comments on the collection of information are due [insert date that is 60 days after publication in the Federal Register].
ADDRESSES: You may submit comments (identified by Docket No. IC14-1-000) by either of the following methods:
- eFiling at Commission's Web Site: http://www.ferc.gov/docs-filing/efiling.asp
- Mail/Hand Delivery/Courier: Federal Energy Regulatory Commission, Secretary of the Commission, 888 First Street, NE, Washington, DC 20426.
Instructions: All submissions must be formatted and filed in accordance with submission guidelines at: http://www.ferc.gov/help/submission-guide.asp.
For user assistance contact FERC Online Support by e-mail at email@example.com, or by phone at: (866) 208-3676 (toll-free), or (202) 502-8659 for TTY.
Docket: Users interested in receiving automatic notification of activity in this docket or in viewing/downloading comments and issuances in this docket may do so at http://www.ferc.gov/docs-filing/docs-filing.asp.
FOR FURTHER INFORMATION: Ellen Brown may be reached by e-mail at DataClearance@FERC.gov, telephone at (202) 502-8663, and fax at (202)
Title: FERC-555, Records Retention Requirements.
OMB Control No.: 1902-0098
Type of Request: Three-year extension of the FERC-555 information collection requirements with no changes to the current reporting requirements.
Abstract: The Commission collects the information under the requirements of FERC-555 (Records Retention Requirements) to carry out its responsibilities in implementing the statutory provisions of Sections 301, 304 and 309 of the Federal Power Act (FPA) , Sections 8, 10 and 16 of the Natural Gas Act (NGA) , and Section 20 of the Interstate Commerce Act (ICA) .
The regulations for preservation of records establish retention periods, necessary guidelines, and requirements for retention of applicable records. These requirements apply to the regulated public utilities, natural gas and oil pipeline companies subject to the Commission's jurisdiction. Regulated entities use these records as the basis for required rate filings and reports to the Commission. Additionally, the Commission's audit staff will use the records during compliance reviews. The Commission's enforcement staff will also use the information during investigations. Finally, the Commission will use the records for special analyses when necessary.
On January 8, 1999 the Commission issued AI99-2-000, an Accounting Issuance providing guidance on records storage media. More specifically, the Commission gave each jurisdictional company the flexibility to select its own storage media. The storage media selected must have a life expectancy equal to the applicable record period unless the quality of the data transferred from one media to another with no loss of data would exceed the record period.
On January 27, 2000, the Commission issued a final rule amending its records retention regulations for public utilities and licensees as well as natural gas and oil pipeline companies. These changes included revising the general instructions, and shortening various records retention periods. The objective of the final rule was to reduce or eliminate burdensome and unnecessary regulatory requirements.
The Commission is not making any additional changes to the record retention requirements specified under FERC-555. The Commission implements these filing requirements in the Code of Federal Regulations (CFR) under 18 CFR Parts 125, 225, and 356.
Type of Respondents: Public utilities, natural gas companies, and oil companies.
Estimate of Annual Burden : In 2010 Commission staff surveyed a small number of FERC-555 respondents in order to improve the burden estimates. We are using the same methodology as before. However, we are updating the figures due to current cost information and differences in the total number of respondents.
Table omitted to view click here: http://elibrary.ferc.gov/idmws/common/opennat.asp?fileID=13362390
The total estimated annual cost burden to respondents is $154,949,271, which includes $78,242,971 for non-labor record storage costs and $76,706,300 for employee costs. The average cost per respondent is $304,419, which includes $153,719 for non-labor record storage costs and $150,700 for employee costs. All of these cost figures are based on staff analysis of the data we received in 2010.
Comments: Comments are invited on: (1) whether the collection of information is necessary for the proper performance of the functions of the Commission, including whether the information will have practical utility; (2) the accuracy of the agency's estimate of the burden and cost of the collection of information, including the validity of the methodology and assumptions used; (3) ways to enhance the quality, utility and clarity of the information collection; and (4) ways to minimize the burden of the collection of information on those who are to respond, including the use of automated collection techniques or other forms of information technology.
Kimberly D. Bose,
TNS 30TacordaCheng-131003-4508261 30TacordaCheng
(c) 2013 Targeted News Service
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