In accordance with 5 CFR 1320, the information collection is approved for three years. Note that FERC-516D is a new and temporary âplaceholderâ collection number because another item was pending OMB review under FERC-516 (ICR 201604-1902-003, submitted 5/ 24/16 and approved 8/16/16) at submittal of this ICR in FERC-516D and only one item can be pending OMB review per control number. FERC estimates that this FERC-516D burden and requirements will be moved to FERC-516 within 3 years.
Inventory as of this Action
Requested
Previously Approved
09/30/2019
36 Months From Approved
6
0
0
720
0
0
0
0
0
Section 205 of the Federal Power Act (FPA) requires the Commission to ensure that the rates and charges for the wholesale sale of electric energy are just and reasonable. Section 205 of the FPA also requires that the rules and regulations affecting or pertaining to the rates for the wholesale sale of electric energy be just and reasonable.
The requirements in the Notice of Proposed Rulemaking (NOPR) in Docket No. RM15-24 (RIN 1902-AF12) were submitted to OMB under FERC-516 (OMB Control No. 1902-0096) in ICR No. 201509-1902-002. The reporting and recordkeeping requirements in this Final Rule in Docket No. RM15-24 should be part of FERC-516. However, there is another unrelated item, which is currently pending OMB review under FERC-516, and only one item per OMB Control No. can be pending OMB review at a time. Therefore, the requirements in this Final Rule in RM15-24 are being submitted under a new temporary 'placeholder' collection number (FERC-516D) to ensure timely submittal to OMB. (Long-term, the staff plans to administratively move the requirements and associated burden of FERC-516D to FERC-516.) Therefore, it's also being submitted as 'not associated with rulemaking', with publication information for the NOPR and Final Rule listed in metadata for 60-day and 30-day Notices..
In this Final Rule in RM15-24-000, FERC is revising its regulations to require that each regional transmission organization (RTO) and independent system operator (ISO) align settlement and dispatch intervals by: (1) settling energy transactions in its real-time markets at the same time interval it dispatches energy; (2) settling operating reserves transactions in its real-time markets at the same time interval it prices operating reserves; and (3) settling intertie transactions in the same time interval it schedules intertie transactions. The Final Rule also requires that each regional transmission organization and independent system operator trigger shortage pricing for any interval in which a shortage of energy or operating reserves is indicated during the pricing of resources for that interval. Adopting these reforms would align prices with resource dispatch instructions and operating needs, providing accurate incentives for resource performance.
In addition the RTOs/ISOs must make a one-time compliance tariff filing.
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.
RM15-24_FinalRule_final Supp State9-13-2016.docx
RM15-24NewsRelease20160616-3057.pdf
16 USC 824d and e.doc
RTO/ISO Tariff filings (one-time) in compliance with RM15-24