Form 423 data is used by Commission staff to conduct mandated fuel reviews and also conduct rate investigations under Sections 205 and 205 of the Federal Power Act as amended by Section 208 of PURPA and to monitor change and trends in the electric whole- sale market. Form 423 permits the regional identification of regional fuel price patterns and variations. The data has helped to identify the effects of the quality of fuels, market conditions-, and the origin of production on fuel prices, which can signal possible procurement inefficiencies.
US Code:
16 USC 824d, 824e
Name of Law: Federal Power Act
US Code:
16 USC 824f
Name of Law: Public Utility Regulatory Policies Act of 1978
The total number of burden hours associated with FERC Form 423 has been reduced due to mergers and dispositions of various utility's generating assets, plant retirements and the sale or transfer of generating assets to power marketers and other entities with market-based rate authority who have been granted a waiver of the Commission's reporting requirements.
$193,869
No
No
Uncollected
Uncollected
Uncollected
Uncollected
Patricia Morris 202 208-6990
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:
(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;
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.