⚡FERC Notice on Information Collection Activities and Compliance
Commission Information Collection Activities (FERC Form Nos. 1, 1-F, and 3-Q); Comment Request; Extensions
Summary
In compliance with the requirements of the Paperwork Reduction Act of 1995 (PRA), the Federal Energy Regulatory Commission (Commission or FERC) is soliciting public comment on the currently approved information collections, FERC Form Nos. 1 (Annual Report of Major Electric Utilities, Licensees, and Others), 1-F (Annual Report for Nonmajor Public Utilities and Licensees), and 3-Q (Quarterly Financial Report of Electric Utilities, Licensees, and Natural Gas Companies). The Commission published a 60-day notice in the Federal Register on February 7, 2025. Twelve parties filed comments.
Agencies
- Energy Department
- Federal Energy Regulatory Commission
Business Impact
$$$ - High
The document outlines compliance requirements for businesses in the energy sector regarding information collections (FERC Form Nos. 1, 1-F, and 3-Q). Businesses must adhere to these regulations, impacting their financial reporting and operational transparency. Ignoring these requirements can lead to penalties.