Form 1, Annual Report of Major Electric Utilities, Licensees, and Others (Final Rule in Docket RM21-11-000)
Revision of a currently approved collection
No
Regular
10/24/2023
Requested
Previously Approved
36 Months From Approved
07/31/2025
434
217
266,042
256,494
0
0
A consolidated supporting statement is being submitted for the Final Rule RM21-11 that will affect the FERC Form Nos. 1, 1-F, and 3-Q (electric) and 60. This consolidated request does not include the 3-Q (gas), 61, or 555A that has previously been approved as separate collections.
The Federal Energy Regulatory Commission (Commission or FERC) requests the Office of Management and Budget (OMB) to approve the updates (from Final Rule RM21-11) to FERC Form Nos. 1, 1-F, and 3-Q (electric), and 60 for three years. The collections impacted by this Final Rule M21-11 are as follows:
1) FERC Form No. 1 (Annual Report of Major Electric Utilities, Licensees and Others; OMB Control No. 1902-0021)
2) FERC Form No. 1-F (Annual Report for Nonmajor Public Utilities and Licensees; OMB Control No. 1902-0029)
3) FERC Form No. 3-Q (Quarterly Financial Report of Electric Utilities, Licensees, and Natural Gas Companies; OMB Control No. 1902-0205)
4) FERC Form No. 60 (Annual Reports of Centralized Service Companies; OMB Control No. 1902-0215)
The Final Rule RM21-11-000 specifically is proposing updates to the Uniform System of Accounting (USofA). The current accounting system, according to public comment in response to FERC's Notice of Inquiry, is burdensome and difficult to account for renewable energy sources, energy storage, computer hardware and software, and communication equipment. The NOPR proposes updates to the USofA to account for these expenses.
These updates will impact the information collections for accounting related collections, which are the FERC Form 1,1-F, 3-Q (electric), and 60. This Final Rule will impact the burden estimates of each collection in two ways. The first estimate will be one-time burden of updating, modifying, or adding accounts within the respondent's current accounting processes and systems. The second estimate is the ongoing burden related to maintaining and submitting accounting records to the Commission. The Commission estimates that the former (one-time) burden would be completed within the first year and is accounted for as such in the attached supporting statement. Furthermore, the Commission estimates the latter (ongoing after year one) burden will remain the same as currently approved by OMB.
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 No. 1 Annual Report of Major Electric Utilities, Licensees, and Others
RM21-11 supporting statement 10 23 2023.docx
RM21-11 Final Rule (Published).pdf
Updating Accounts (RM22-11-000) (One-Time)