In accordance with 5 CFR 1320, the information collection is approved for three years.
Inventory as of this Action
Requested
Previously Approved
11/30/2015
36 Months From Approved
11/30/2012
1,730
0
1,150
1,730
0
1,150
328,983
0
439,408
In accordance with the Federal Power Act (FPA), the Department of Energy Organization Act (DOE Act), and the Energy Policy Act of 2005 (EPAct 2005) the Commission regulates the transmission and wholesale sales of electricity in interstate commerce, monitors and investigates energy markets, uses civil penalties and other means against energy organizations and individuals who violate Commission rules in the energy markets, administers accounting and financial reporting regulations, and oversees conduct of regulated companies.
The Commission has the regulatory responsibility under section 205 of the Federal Power Act to ensure that wholesale sales of electricity are just and reasonable and provided in a non-discriminatory manner. Due to 18 CFR 35.41(d), the Commission requires all sellers with market-based rates to retain all relevant sales documents for five years. Relevant documents include all information upon which a seller billed the prices it charged for electric energy or electric energy products sold pursuant to seller's market-based rate tariff and the prices it reported for use in price indices.
In addition to the fiveÂyear record retention requirements previously highlighted, the five-year statute of limitations applies where the Commission seeks civil penalties for violations of the Anti-Manipulation rule or other rules, regulations, or orders to which the price information may be relevant.
The total estimated burden of the FERC-915 increased due to the Commission's approval of new applications for entities to sell under market-based rates (i.e. the number of respondents increased). Therefore, the quantity of respondents increased from the previously approved information collection and the currently presented one. It is important to note that the quantity of responses is constantly in flux relative to market participation and application approval.
Conversely, the annual cost burden decreased despite the increased quantity of responses. This is due to increased reliance on electronic storage which lowered record retention costs for 50% of respondents and, thus, lowered the total resultant annual cost burden. Additionally, the previously approved information collection incorporated labor costs into the total annual cost burden to respondents. The Commission has corrected this error (i.e. labor costs are now contained within the total estimated burden upon respondents in item #12 of the supporting statement) in the data presented here and, accordingly, lowered the annual cost burden further.
$1,588
No
No
No
No
No
Uncollected
Astrid Rapp 202 502-6264
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.
FINAL IC12-13-000 (FERC-915)-supp statement.doc
28 CFR 2462.pdf
FERC-915, Public Utility Market-Based Rate Authorization Holders Records Retention Requirements