OMB files this comment in accordance with 5 CFR 1320.11(c) of the Paperwork Reduction Act and is withholding approval of this collection at this time. This OMB action is not an approval to conduct or sponsor an information collection under the Paperwork Reduction Act of 1995. The agency shall examine public comment in response to the Notice of Proposed Rulemaking and will include in the supporting statement of the next ICR, to be submitted to OMB at the final rule stage, a description of how the agency has responded to any public comments on the ICR. This action has no effect on any current approvals.
Inventory as of this Action
Requested
Previously Approved
01/31/2015
36 Months From Approved
01/31/2015
4,723
0
4,723
472,134
0
472,134
143,556
0
143,556
Section 205(c) of the Federal Power Act (FPA) requires that every public utility have all of its jurisdictional rates and tariffs on file with the Commission and make them available for public inspection, within such time and in such form as the Commission may designate. Section 205(d) of the FPA requires that every public utility must provide notice to FERC and the public of any changes to its jurisdictional rates and tariffs, file such changes with FERC, and make them available for public inspection, in such manner as directed by the Commission.
The Electric Quarterly Report (EQR) is a vehicle whereby public utilities satisfy the requirements under Section 205(c)of the FPA.
The EQR is available to the public and is used by the public, members of the energy industry and by Commission staff to conduct various analyses. The Commission is concerned that simultaneous exchange transactions may be used to circumvent transmission service rules, and by proposing (in Docket RM01-8-012) that simultaneous exchange transactions be reported in the EQR using a separate product name, the Commission is attempting to increase transparency in this market segment. Without separately reporting these types of transactions, simultaneous exchange transactions would be lumped in with other types of transactions clouding the ability to understand the nature and complexity of the simultaneous exchange market.
The Commission is proposing to revise the EQR Data Dictionary to add "Simultaneous Exchange" to the list of available Product Names in the EQR. This proposal would allow for greater transparency in wholesale electricity markets through a greater understanding of these complex exchange transactions. The Commission is generally concerned that the complexity of simultaneous exchanges may obscure the true nature of these transactions, and may enable market participants to circumvent market rules. Thus, in order to enhance transparency, the Commission believes it is important that EQR filers report simultaneous exchanges in the EQR. This change will require a minimal amount of time for filers to implement and comply with moving forward.
$37,473
No
No
No
No
No
Uncollected
Thomas Rieley 202 502-6203
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.
RM01-08-012 NOPR SS Final.doc
16 USC 824d.pdf
Electric Rates Schedules and Tariff Filings