FERC Form 1-F, Annual Report for Nonmajor Public Utilities and Licensees
Extension without change of a currently approved collection
No
Regular
04/08/2022
Requested
Previously Approved
36 Months From Approved
11/30/2022
2
5
272
610
0
0
A consolidated supporting statement is being submitted with for Forms 1, 1-F, and 3-Q (electric and gas).
In accordance with sections 304 and 309 of the Federal Power Act, FERC is authorized to collect and record data to the extent it considers necessary, and to prescribe rules and regulations concerning accounts, records and memoranda. The Commission may prescribe a system of accounts for jurisdictional companies and after notice and an opportunity for hearing may determine the accounts in which particular outlays and receipts will be entered, charged or credited. The Form 1-F is designed to collect financial and operational information from nonmajor public utilities and licensees. Public utilities and licensees that are not classified as major and had total sales in each of the last three consecutive years of 10,000 megawatt-hours or more are classified as nonmajor. The Commission collects Form No. 1-F information as prescribed in 18 CFR 141.2.
Under the existing regulations FERC jurisdictional entities subject to its Uniform System of Accounts must annually file with the Commission a complete set of financial statements, along with other selected financial and non financial data through the submission of FERC Annual Report Form 1-F. The FERC Annual Report Forms provide the Commission, as well as others, with an informative picture of the jurisdictional entities financial condition along with other relevant data that is used by the Commission, as well as others, in making economic judgments about the entity or its industry.
(Note that ~4 out of the 5 filers choose to submit electronically using the Form 1 software rather than submitting the paper only Form 1-F.)
The decrease in 3 FERC Form No. 1-F respondents is due to normal fluctuations in the industry (e.g., companies merging, splitting, entering into, and exiting the industry).
There are no program changes in the reporting or recordkeeping requirements, but the Form 1, 1-F, and 3-Q (electric and gas) include the calculations for the 1T, 1-FT, and 3-QT (electric and gas) and the "T' forms are anticipated to be discontinued after OMB approval.
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.
Form FERC Form 1-F Annual Report for Nonmajor Public Utilities and Licensees
Fed. Reg. 30 Day Notice_Form 1, 1F, 3Q.pdf
20211118-3015_2021Form 1 1F 3Q 60 day notice (1).docx
Annual Report for Nonmajor Public Utilities and Licensees