In accordance with 5 CFR 1320, the information collection is approved for 3 years. Upon resubmission it is suggested the agency continue to work with respondents in order to more accurately estimate burden.
Inventory as of this Action
Requested
Previously Approved
02/28/2014
36 Months From Approved
02/28/2011
475
0
515
2,359,800
0
1,237,030
72,400,925
0
0
FERC's records retention regulations cover records maintained by public utilities and licensees, natural gas and oil pipeline companies. These records serve as the basis for required rate filings and reports submitted to FERC. The records are retained in order to be reviewed by FERC staff during compliance reviews, special analyses performed as deemed necessary by FERC and serve as a basis in complaint proceedings.
The Commission reached out to a small number of respondents in order to better estimate the burden. This research led to an almost two-fold increase in the burden hour and cost estimates. Also, the number of respondents has decreased from 515 to 475. The number of responding public utilities or licensees and oil companies decreased and the number of responding natural gas companies increased reflecting changes in the financial forms filed by the jurisdictional companies.
$1,528
No
No
No
No
No
Uncollected
Brian Holmes 202 219-2618
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.
555 Supporting Statement Final 2010.doc
FERC-555, Preservation of Records for Public Utilities and Licenses, Natural Gas and Oil Pipeline Companies.