FERC-520 information is used by the Commission to implement the statutory provisions of Section 305(b) of the Federal Power Act. Section 305(b) of the FPA prohibits individuals from concurrently holding positions as officer or director of more than one public utility; or to hold the positions of officer or director of a public utility and of an entity authorized by law to underwrite or participate in the marketing of public utility securities; or to hold the positions of officer or director of a public utility and a company supplying electrical equipment to that particular public utility, unless the holding of such positions have........
A concern developed in 2004 that FERC-520 applications for authorizations to hold interlocked positions were not being filed before individuals assumed the interlocked positions, as required. In response, the Commission issued its June 2004 interlocking directorate policy statement in PL 04-10-000 and Order 664 in September 2005 as referenced previously. The burden estimate in this request is based on recent Commission experience and the actual number of FERC-520 filings made between September 2007 and September 2008.
The number of informational applications has increased steadily from 87 in 2004 to 911 in 2007. The Commission did not previously separate the FERC-520 filings by types of application in its OMB clearance estimates because for the three years leading up to the 2005 clearance request, the number of each type of application filed had been about the same. The rise in the number of informational applications has necessitated the distinction between the two types of applications and the burden hours each imposes.
$127,356
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.
FERC-520 Sample Filing 2008 (45.9).pdf
OMB Just 520-2008.doc
Application for Authority to Hold Interlocking Interlocking Directorate Positions