FERC-919, (NOPR in RM19-2-000) Refinements to Policies and Procedures for Market Based Rates for Wholesale Sales of Electric Energy, Capacity and Ancillary Services by Public Utilities
FERC-919, (NOPR in RM19-2-000) Refinements to Policies and Procedures for Market Based Rates for Wholesale Sales of Electric Energy, Capacity and Ancillary Services by Public Utilities
In accordance with 5 CFR 1320, OMB is filing comment and withholding approval at this time. The agency shall examine public comment in response to the 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, including comments on maximizing the practical utility of the collection and minimizing the burden.
Inventory as of this Action
Requested
Previously Approved
01/31/2022
36 Months From Approved
01/31/2022
358
0
358
59,551
0
59,551
0
0
0
In the NOPR in Docket No. RM19-2-000, the Commission proposes to eliminate the need for sellers to submit indicative screens for markets where there is Commission-approved RTO/ISO market monitoring and mitigation for energy, capacity, and ancillary services that sellers may rely on to mitigate any market power that they may have in that market. This improves regulatory efficiency of Commission analysis and determination of market-based rate authority. It also helps reduce document preparation time overall (i.e. reduces paperwork burden upon affected sellers) and provides utilities with clearly defined requirements.
If the Commission no longer collects the indicative screen information in those specified RTO/ISO markets, the Commission would still be able to meet its statutory responsibility to ensure electric utility rates and tariffs are just and reasonable. The Commission will continue to receive other information, such as information on all of a sellerâs affiliates, assets, and data on sales made pursuant to the sellerâs market-based rate authority, which will assist in ensuring that electric utility rates are just and reasonable. Failing to meet this responsibility could result in public utilities charging rates that are not just and reasonable.
As described above in Questions #1, 2, and 5, in the NOPR in Docket No. RM19-2-000, FERC is proposing to relieve sellers in certain RTO/ISO markets of the requirement to file indicative screens as part of their market power analyses. This proposed modification of the Commissionâs horizontal market power analysis would apply in any RTO/ISO market with RTO/ISO-administered energy, ancillary services, and capacity markets subject to Commission-approved RTO/ISO monitoring and mitigation.
The indicative screens require extensive data collection, with some of this data being costly and difficult to collect. The proposal recognizes the burden of submitting these screens may outweigh the benefits given the Commissionâs previous findings that RTO/ISO monitoring and mitigation adequately mitigate a sellerâs market power. Further, the availability of other data regarding horizontal market power suggests that the indicative screens would provide only marginal additional market power protections.
The changes to the Commissionâs regulations for market-based rate sellers are estimated to cause a reduction of 41 percent in total annual burden (from 59,551 hours to 35,401 hours) to market-based rate sellers when filing triennial market power analyses and market power analyses in new applications for market-based rates. There is also a 29 percent reduction of the number of sellers that would comply with FERC-919 reporting requirements (from 358 annually to 253 annually).
$169,013
No
No
No
No
No
No
Uncollected
Sarah Batto 202 502-8927
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.
RM19-2-000 NOPR supporting statement.doc
18 CFR 35.pdf
Proposed revisions to 18 CFR Part 35 (per RM19-2-000 NOPR).docx
Market power analysis in new applications for market-based rates (18 CFR 35.37a)