7 Feb 2025
📊FERC Compliance Requirements for Centralized Service Companies
Commission Information Collection Activities (FERC Form No. 60, FERC-61, and FERC-555A); Consolidated Comment Request; Extension
Summary
In compliance with the requirements of the Paperwork Reduction Act of 1995, the Federal Energy Regulatory Commission (Commission or FERC) is soliciting public comment on the currently approved information collections, FERC Form No. 60 (Annual Report of Centralized Service Companies), FERC-61 (Narrative Description of Service Company Functions), and FERC-555A (Preservation of Records Companies and Service Companies Subject to PUHCA).
Agencies
- Energy Department
- Federal Energy Regulatory Commission
Business Impact
$$$ - High
The content outlines compliance requirements for centralized service companies under FERC regulations, specifically regarding financial reporting (FERC Form No. 60, FERC-61, and FERC-555A). Companies must comply with these forms to avoid penalties, impacting operational costs and regulatory burden.