Notice2024-20311
Commission Information Collection Activities (FERC-523); Comment Request; Extension
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
September 10, 2024
Issuing agencies
Energy DepartmentFederal Energy Regulatory Commission
Abstract
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 a renewal of currently approved information collection, FERC-523 (Application for Authorization for the Issuance of Securities or the Assumption of Liabilities).
Full Text
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<title>Federal Register, Volume 89 Issue 175 (Tuesday, September 10, 2024)</title>
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[Federal Register Volume 89, Number 175 (Tuesday, September 10, 2024)]
[Notices]
[Pages 73406-73407]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-20311]
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DEPARTMENT OF ENERGY
Federal Energy Regulatory Commission
[Docket No. IC24-28-000]
Commission Information Collection Activities (FERC-523); Comment
Request; Extension
AGENCY: Federal Energy Regulatory Commission.
ACTION: Notice of information collection and request for comments.
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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 a renewal of currently approved
information collection, FERC-523 (Application for Authorization for the
Issuance of Securities or the Assumption of Liabilities).
DATES: Comments on the collection of information are due November 12,
2024.
ADDRESSES: You may submit comments (identified by Docket No. IC24-28-
000) by one of the following methods:
<bullet> eFiling at Commission's Website: <a href="http://www.ferc.gov">http://www.ferc.gov</a>.
<bullet> U.S. Postal Service Mail: Persons unable to file
electronically may mail similar pleadings to the Federal Energy
Regulatory Commission, 888 First Street NE, Washington, DC 20426.
<bullet> Effective 7/1/2020, delivery of filings other than by
eFiling or the U.S. Postal Service should be delivered to Health and
Human Services, 12225 Wilkins Avenue, Rockville, Maryland 20852.
Instructions: All submissions must be formatted and filed in
accordance with submission guidelines at: <a href="http://www.ferc.gov">http://www.ferc.gov</a>. For user
assistance, contact FERC Online Support by email at
<a href="/cdn-cgi/l/email-protection#086e6d7a6b67666461666d7b7d7878677a7c486e6d7a6b266f677e"><span class="__cf_email__" data-cfemail="42242730212d2c2e2b2c27313732322d303602242730216c252d34">[email protected]</span></a>, 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 <a href="http://www.ferc.gov">http://www.ferc.gov</a>.
FOR FURTHER INFORMATION CONTACT: Kayla Willams may be reached by email
at <a href="/cdn-cgi/l/email-protection#3276534653715e575340535c515772747760711c555d44"><span class="__cf_email__" data-cfemail="c581a4b1a486a9a0a4b7a4aba6a08583809786eba2aab3">[email protected]</span></a>, telephone at (202) 502-6468.
SUPPLEMENTARY INFORMATION:
Title: FERC-523, Application for Authorization for the Issuance of
Securities or the Assumption of Liabilities.
OMB Control No.: 1902-0043.
Type of Request: Three-year approval of the FERC-523 information
collection requirements with no changes to the current reporting
requirements.
Abstract: The information collected by FERC-523 is required to
implement the statutory provisions of section 204 of the Federal Power
Act (FPA) (16 U.S.C. 824c). Under section 204 of the FPA, no public
utility or licensee shall issue any security, or assume any obligation
or liability as guarantor, endorser, surety, or otherwise in respect of
any security of another person, until the public utility applies for
and receives Commission approval by order authorizing the issuance or
assumption of the liability. The Commission issues an order if it finds
that such issuance or assumption (a) is for lawful object, within the
corporate purposes of the applicant and compatible with the public
interest, which is necessary or appropriate for or consistent with the
proper performance by the applicant as a public utility, and which will
not impair its ability to perform that service, and (b) is reasonably
necessary or appropriate for such purposes.
The Commission uses the information contained in filings to
determine its acceptance and/or rejection of applications for
authorization to either issue securities or to assume an obligation or
liability by the public utilities and licensees who submit these
applications.
The specific application requirements and filing format are found
at 18 CFR part 34, and 18 CFR 131.43 and 131.50. This information is
filed electronically.
Type of Respondents: Public utilities subject to the Federal Power
Act.
Estimate of Annual burden \1\ and cost: \2\ The Commission
estimates the reduction in the annual public reporting burden for the
FERC-523, as follows:
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\1\ Burden is defined as the total time, effort, or financial
resources expended by persons to generate, maintain, retain, or
disclose or provide information to or for a Federal agency. For
further explanation of what is included in the information
collection burden, refer to 5 Code of Federal Regulations 1320.3.
\2\ Commission staff estimates that the industry's skill set and
cost (for wages and benefits) for FERC-523 are approximately the
same as the Commission's average cost. The FERC 2024 average salary
plus benefits for one FERC full-time equivalent (FTE) is $207,786/
year (or $100.00/hour).
[[Page 73407]]
FERC-523, Application for Authorization for Issuance of Securities or the Assumption of Liabilities
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Average burden Total annual
Annual number Total number hours & cost burden hours & Cost per
Number of respondents of responses of responses ($) per total annual cost respondent ($)
per respondent response ($)
(1) (2) (1) * (2) = (4) (3) * (4) = (5) (5) / (1)
(3)
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72.......................... 1 72 70; $7,000 5,040; $504,000 $7,000
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Comments: Comments are invited on: (1) whether the collection of
information is necessary for the proper performance of the functions of
the Commission, including whether the information will have practical
utility; (2) the accuracy of the agency's estimate of the burden and
cost of the collection of information, including the validity of the
methodology and assumptions used; (3) ways to enhance the quality,
utility and clarity of the information collection; and (4) ways to
minimize the burden of the collection of information on those who are
to respond, including the use of automated collection techniques or
other forms of information technology.
Dated: September 3, 2024.
Debbie-Anne A. Reese,
Acting Secretary.
[FR Doc. 2024-20311 Filed 9-9-24; 8:45 am]
BILLING CODE 6717-01-P
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