60-day Notice - eLibrary

Document Accession #: 20250203-3042

Filed Date: 02/03/2025

UNITED STATES OF AMERICA
FEDERAL ENERGY REGULATORY COMMISSION
[Docket No. IC25-7-000]
COMMISSION INFORMATION COLLECTION ACTIVITIES
(FERC Form Nos. 1,1-F, and 3-Q);
COMMENT REQUEST; EXTENSIONS
(February 3, 2025)
AGENCY: Federal Energy Regulatory Commission.
ACTION: Notice of information collections and request for comments.
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).
DATES: Comments on the collections of information are due [INSERT DATE 60
DAYS AFTER DATE OF PUBLICATION IN THE FEDERAL REGISTER].
ADDRESSES: You may submit comments (identified by Docket No. IC25-7-000 and
the form) by either of the following methods:
 Electronic Filing: Documents must be filed in acceptable native
applications and print-to-PDF, but not in scanned or picture format.
 For those unable to file electronically, comments may be filed by USPS
mail or by hand (including courier) delivery:

Document Accession #: 20250203-3042

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Docket No. IC25-7-000

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o Mail via U.S. Postal Service only, addressed to: Federal Energy
Regulatory Commission, Secretary of the Commission, 888 First Street,
N.E., Washington, DC 20426.
o Hand (including courier) delivery to: Federal Energy Regulatory
Commission, 12225 Wilkins Avenue, Rockville, MD 20852.
Instructions: All submissions must be formatted and filed in accordance with submission
guidelines at: http://www.ferc.gov. For user assistance, contact FERC Online Support by
e-mail at ferconlinesupport@ferc.gov, or by phone at (866) 208-3676 (toll-free).
Docket: Users interested in receiving automatic notification of activity in this docket or in
viewing/downloading comments and issuances in this docket may do so at
http://www.ferc.gov.
FOR FURTHER INFORMATION: Kayla Williams may be reached by e-mail at
DataClearance@FERC.gov, and telephone at (202) 502-6468.
SUPPLEMENTARY INFORMATION:
Type of Request: Three-year extensions of FERC Form Nos. 1, 1-F, and 3-Q, with no
changes to the current reporting requirements.
FERC Form No. 1, Annual Report of Major Electric Utilities, Licensees, and Others
OMB Control Nos. and Titles: 1902-0021 (FERC Form No. 1, Annual Report of Major
Electric Utilities, Licensees, and Others).
Abstract: FERC Form No. 1 is a comprehensive financial and operating report submitted
annually for electric rate regulation, market oversight analysis, and financial audits by
major electric utilities, licensees, and others. A major electric utility, licensee, or other

Document Accession #: 20250203-3042

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Docket No. IC25-7-000

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reporter is defined as having in each of the last three consecutive calendar years, sales or
transmission services that exceed one of the following: (1) one million megawatt-hours of
total sales; (2) 100 megawatt-hours of sales for resale; (3) 500 megawatt-hours of power
exchanges delivered; or (4) 500 megawatt-hours of wheeling for others (deliveries plus
losses).1
FERC Form No. 1 is designed to collect financial and operational information and
is made available to the public. FERC Form No. 1 includes a basic set of financial
statements:
 Comparative Balance Sheet,
 Statement of Income,
 Statement of Retained Earnings,
 Statement of Cash Flows,
 Statement of Accumulated Comprehensive Income and Hedging Activities, and
 Notes to Financial Statements.
Supporting schedules contain:
 Supplementary information and outlines of corporate structure and governance,
 Information on formula rates, and
 Description of important changes during the year.
Other schedules provide:

1

As detailed in 18 C.F.R. § 101 (Uniform System of Accounts Prescribed for Public
Utilities and Licensees Subject to the Provision of the Federal Power Act, General
Instructions) and 18 C.F.R. § 141.1.

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 Information on revenues and the related quantities of electric sales and electricity
transmitted,
 Account balances for all electric operation and maintenance expenses,
 Selected plant cost data, and
 Other statistical information.
Type of Respondent: Major electric utilities
Estimate of Annual Burden2: The Commission estimates the annual burden and cost3 for
FERC Form No. 1 as follows:
Requirements

Number of
Respondents

Average
Annual
Number of
Responses
(2)

(1)
Form 1
Total

216

Total
Number of
Responses

Average
Annual
Burden (Hrs.)
& Cost per
Response ($)
(4)

Total Average
Annual Burden
(Hrs.) & Total
Annual Cost ($)

(1)*(2)=(3)
1

216

Cost per
Respondent
($)

(5)÷(1)
1,168
$120,304

(3)*(4)=(5)
252,288
$25,985,664
252,288
$25,985,664

$120,304
$120,304

FERC Form No. 1-F, Annual Report for Nonmajor Public Utilities and Licensees

2

Burden is defined as the total time, effort, or financial resources expended by persons to
generate, maintain, retain, disclose, or provide information to or for a Federal agency.
For further explanation of what is included in the information collection burden, refer to
Title 5 Code of Federal Regulations 1320.3. The burden hours and costs are rounded for
ease of presentation.
3

The cost is based on FERC’s 2025 Commission-wide average salary cost (salary plus
benefits) of $103.00/hour. The Commission staff believes the FERC FTE (full-time
equivalent) average cost for wages plus benefits is representative of the corresponding
cost for the industry respondents.

Document Accession #: 20250203-3042

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OMB Control Nos. and Titles: 1902-0029 (FERC Form No. 1-F, Annual Report for
Nonmajor Public Utilities and Licensees).
Abstract: FERC Form No. 1-F is a financial and operating report submitted annually for
electric rate regulation, market oversight analysis, and financial audits by Nonmajor
electric utilities and licensees. Nonmajor is defined as utilities and licensees that are not
classified as Major, and having total sales in each of the last three consecutive years of
10,000 megawatt-hours or more.4
FERC Form No. 1-F is designed to collect financial and operational information
and is made available to the public. FERC Form No. 1-F includes a basic set of financial
statements:
 Comparative Balance Sheet,
 Statement of Retained Earnings,
 Statement of Cash Flows,
 Statement of Comprehensive Income and Hedging Activities, and
 Notes to Financial Statements.
Supporting schedules contain:
 Supplementary information and include revenues and the related quantities of
electric sales and electricity transmitted,
 Account balances for all electric operation and maintenance expenses,

4

As detailed in 18 C.F.R. § 101 (Uniform System of Accounts Prescribed for Public
Utilities and Licensees Subject to the Provision of the Federal Power Act, General
Instructions) and 18 C.F.R. § 141.2.

Document Accession #: 20250203-3042

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Docket No. IC25-7-000

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 Selected plant cost data, and
 Other statistical information.
Type of Respondent: Nonmajor electric utilities
Estimate of Annual Burden: The estimated annual burden and cost follow. (The
estimated hourly cost used for FERC Form No. 1-F is $103 (for wages plus benefits) and
is described above, under FERC Form No. 1.) The burden hours and costs are rounded
for ease of presentation.
Requirements

Form 1F

Number of
Respondents

Average
Annual
Number of
Responses

Total
Number of
Responses

(1)

(2)

(1)*(2)=(3)

2

1

2

Average
Total
Annual
Average
Burden
Annual
(Hrs.) & Cost
Burden
per Response
(Hrs.) &
($)
Total Annual
Cost ($)
(4)
(3)*(4)=(5)
122
244
$12,566
$25,132

Total

Cost per
Respondent
($)

(5)÷(1)

244
$25,132

$12,566
$12,566

FERC Form No. 3-Q, Quarterly Financial Report of Electric Utilities, Licensees,
and Natural Gas Companies
OMB Control Nos. and Titles: 1902-0205 (FERC Form No. 3-Q, Quarterly Financial
Report of Electric Utilities, Licensees, and Natural Gas Companies).
Abstract: FERC Form No. 3-Q is a quarterly financial and operating report for rate
regulation, market oversight analysis, and financial audits which supplements (a) FERC
Form Nos. 1 and 1-F, for the electric industry, or (b) FERC Form No. 2 (Annual Report
for Major Natural Gas Companies; OMB Control No. 1902-0028) and FERC Form No.
2-A (Annual Report for Nonmajor Natural Gas Companies; OMB Control No. 1902-

Document Accession #: 20250203-3042

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Docket No. IC25-7-000

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0030), for the natural gas industry. FERC Form No. 3-Q is submitted for all Major and
Nonmajor electric utilities, licensees, and natural gas companies.5
FERC Form No. 3-Q includes a basic set of financial statements:
 Comparative Balance Sheet,
 Statement of Income and Statement of Retained Earnings,
 Statement of Cash Flows,
 Statement of Comprehensive Income and Hedging Activities, and
 Supporting schedules containing supplementary information.
Electric respondents report:
 Revenues and the related quantities of electric sales and electricity transmitted,


Account balances for all electric operation and maintenance expenses,



Selected plant cost data, and



Other statistical information.

Natural gas respondents report:
 Monthly and quarterly quantities of gas transported and associated revenues,
 Storage, terminalling, and processing services,
 Natural gas customer accounts and details of service, and

5

18 C.F.R. § 260.1(b) states that for natural gas companies as defined by the Natural Gas
Act, Major pertains to a company whose combined gas transported or stored for a fee
exceed 50 million Dth in each of the three previous calendar years. 18 C.F.R. § 260.2(b)
states that for natural gas companies as defined by the Natural Gas Act, Non-Major
pertains to a company not meeting the filing threshold for FERC Form No. 2, but having
total gas sales or volume transactions exceeding 200,000 Dth in each of the three
previous calendar years.

Document Accession #: 20250203-3042

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 Operational expenses, depreciation, depletion, and amortization of gas plant.
Type of Respondent: Major and nonmajor electric utilities, licensees, and natural gas
companies.
Estimate of Annual Burden: The estimated annual burden and cost (as rounded) follow.
(The estimated hourly cost used for FERC Form No. 3-Q is $103 (for wages plus
benefits) and is described above, under FERC Form No. 1.) The burden hours and costs
are rounded for ease of presentation. The quarterly filings are generally a subset of the
annual filings.
Burden Table - Form 3-Q – Electric and Gas
Requirements

Form 3-Q
(Electric)
Form 3-Q
(Gas)

Number of
Respondents

Average
Annual
Number
of
Responses

Total
Number of
Responses

Average Annual
Burden (Hrs.) &
Cost per Response
($)

(1)

(2)

(1)*(2)=(3)

(4)

218

3

654

148

3

444

Total

Total
Average
Annual
Burden
(Hrs.) &
Total
Annual
Cost ($)
(3)*(4)=(5)

168
109,872
$17,304 $11,316,816
168
$17,304

74,592
$7,682,976
184,464
$18,999,792

Cost per
Respondent
($)

(5)÷(1)
$51,912
$51,912
$51,912

For FERC Form No. 3-Q (electric and natural gas), the total average annual burden hours
is 184,464, and the total annual cost is $18,999,792.
Comments: Comments are invited on: (1) whether the collections of information are
necessary for the proper performance of the functions of the Commission, including

Document Accession #: 20250203-3042

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Docket No. IC25-7-000

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whether the information will have practical utility; (2) the accuracy of the agency’s
estimates of the burden and cost of the collections of information, including the validity
of the methodology and assumptions used; (3) ways to enhance the quality, utility, and
clarity of the information collections; and (4) ways to minimize the burden of the
collections of information on those who are to respond, including the use of automated
collection techniques or other forms of information technology.

Debbie-Anne A. Reese,
Secretary.

Document Accession #: 20250203-3042

Filed Date: 02/03/2025

Document Content(s)
Form 1 1F 3Q 2025 - 60 day notice Final.docx..............................1