Notice2025-08652
Golden Pass LNG Terminal LLC; Commission Information Collection Activities (FERC Form No. 60, FERC-61, and FERC-555A); Consolidated Comment Request; Extension
Primary source
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Published
May 15, 2025
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 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 of Holding Companies and Service Companies Subject to PUHCA 2005). No comments were received on the 60-day notice that was published on February 7, 2025.
Full Text
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<title>Federal Register, Volume 90 Issue 93 (Thursday, May 15, 2025)</title>
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[Federal Register Volume 90, Number 93 (Thursday, May 15, 2025)]
[Notices]
[Pages 20649-20651]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-08652]
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DEPARTMENT OF ENERGY
Federal Energy Regulatory Commission
[Docket No. IC25-6-000]
Golden Pass LNG Terminal LLC; Commission Information Collection
Activities (FERC Form No. 60, FERC-61, and FERC-555A); Consolidated
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 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 of Holding Companies
and Service Companies Subject to PUHCA 2005). No comments were received
on the 60-day notice that was published on February 7, 2025.
DATES: Comments on the collection of information are due June 16,
2025.
ADDRESSES: Send written comments on FERC Form No. 60 (Annual Report of
Centralized Service Companies), FERC-61 (Narrative Description of
Service Company Functions), and FERC-555A (Preservation of Records of
Holding Companies and Service Companies Subject to PUHCA 2005) to OMB
through <a href="https://www.reginfo.gov/public/do/PRA/icrPublicCommentRequest?ref_nbr=202504-1902-007">https://www.reginfo.gov/public/do/PRA/icrPublicCommentRequest?ref_nbr=202504-1902-007</a>. You can also visit
<a href="https://www.reginfo.gov/public/do/PRAMain">https://www.reginfo.gov/public/do/PRAMain</a> and use the drop-down under
``Currently under Review'' to select the ``Federal Energy Regulatory
Commission'' where you can see the open opportunities to provide
comments. Comments should be sent within 30 days of publication of this
notice.
Please submit a copy of your comments to the Commission via email
to <a href="/cdn-cgi/l/email-protection#4f0b2e3b2e0c232a2e3d2e212c2a0f090a1d0c61282039"><span class="__cf_email__" data-cfemail="64200510052708010516050a070124222136274a030b12">[email protected]</span></a>. You must specify the Docket No. (IC25-6-000)
and the FERC Information Collection number (FERC-60, FERC-61, FERC-
555A) in your email. If you are unable to submit via email, comments
may be sent by USPS mail or by hand (including courier) delivery:
<bullet> Mail via U.S. Postal Service Only: Federal Energy
Regulatory Commission, Secretary of the Commission, 888 First Street
NE, Washington, DC 20426.
<bullet> All other delivery methods: Federal Energy Regulatory
Commission, Secretary of the Commission, 12225 Wilkins Avenue,
Rockville, MD 20852.
Docket: To view comments and issuances in this docket, please visit
<a href="https://elibrary.ferc.gov/eLibrary/search">https://elibrary.ferc.gov/eLibrary/search</a>. Once there, you can also
sign-up for automatic notification of activity in this docket.
FOR FURTHER INFORMATION CONTACT: Kayla Williams, (202) 502-6468.
<a href="/cdn-cgi/l/email-protection#c88ca9bca98ba4ada9baa9a6abad888e8d9a8be6afa7be"><span class="__cf_email__" data-cfemail="6723061306240b02061506090402272122352449000811">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION:
Type of Request: Three-year extension of the information collection
requirements for FERC Form No. 60, FERC-61, and FERC-555A with no
changes to the current reporting requirements.
OMB Control Nos. and Titles: 1902-0215 ((FERC Form No. 60 (Annual
Report of Centralized Service Companies), FERC-61 (Narrative
Description of Service Company Functions), and FERC-555A (Preservation
of Records of Holding Companies and Service Companies Subject to
PUHCA)).
Abstract: In accordance with the Energy Policy Act of 2005 (EPAct
2005), the Commission implemented the repeal of the Public Utility
Holding Company Act of 1935 (PUHCA 1935) and
[[Page 20650]]
implemented the provisions of a newly enacted Public Utility Holding
Company Act 2005 (PUHCA 2005). Pursuant to PUHCA 2005, the Commission
requires centralized service companies to file FERC Form No. 60 or
FERC-61, and to comply with FERC-555A's requirements unless the company
is exempted or granted a waiver pursuant to the Commission's
regulations. The information collected in FERC Form No. 60 and FERC-61
enables better monitoring for cross-subsidization and aids the
Commission in carrying out its statutory responsibilities. In addition,
centralized service companies are required to follow the Commission's
preservation of records requirements for centralized service companies.
FERC Form No. 60
FERC Form No. 60 is an annual reporting requirement for centralized
service companies set forth in 18 CFR 366.23. The report's function is
to collect financial information (including balance sheet, assets,
liabilities, billing and charges for associated and non-associated
companies) from centralized service companies subject to the
Commission's jurisdiction. Unless the Commission exempts or grants a
waiver pursuant to 18 CFR 366.3 and 366.4 to the holding company
system, every centralized service company in a holding company system
must prepare and file FERC Form No. 60 electronically with the
Commission, pursuant to the General Instructions in the form.
FERC-61
FERC-61 is a filing requirement for service companies in holding
company systems (including special purpose companies) that are
currently exempt or granted a waiver of FERC's regulations and would
not have to file FERC Form No. 60. Instead, those service companies are
required to annually file a narrative description of the service
company's functions during the prior calendar year (FERC-61). In
complying, a holding company may make a single filing on behalf of all
its service company subsidiaries.
FERC-555A
The Commission's regulations prescribe a mandated preservation of
records requirement for holding companies and service companies (unless
otherwise exempted by FERC). This requires them to maintain and make
available to FERC, their books and records. The preservation of records
requirement provides for uniform records retention by holding companies
and centralized service companies subject to PUHCA 2005.
Data from FERC Form No. 60, FERC-61, and FERC-555A provide a level
of transparency that: (1) helps protect ratepayers from pass-through of
improper service company costs, (2) enables the Commission to review
and determine cost allocations (among holding company members) for
certain non-power goods and services, (3) aids the Commission in
meeting its oversight and market monitoring obligations, and (4)
benefits the public, both as ratepayers and investors. In addition, the
Commission's audit staff uses these records during compliance audits,
reviews, and special analyses.
If data from FERC Form No. 60, FERC-61, and FERC-555A were not
available, it would be difficult for the Commission to meet its
statutory responsibilities under EPAct 1992, EPAct 2005, and PUHCA
2005, and the Commission would have fewer of the regulatory mechanisms
necessary to ensure transparency and protect ratepayers.
Type of Respondent: Centralized service companies.
Estimate of Annual Burden: \1\ The Commission estimates the annual
public reporting burden and cost (rounded in the tables) for the
information collections as: \2\
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\1\ 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.
\2\ The cost for the FERC Form No. 60 and FERC-61 is based on
FERC's 2024 Commission-wide average salary cost (salary plus
benefits) of $100/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. For the FERC-555A, the $39.53 hourly cost figure comes
from the average cost (wages plus benefits) of a file clerk
(Occupation Code 43-4071) as posted on the BLS website (<a href="https://www.bls.gov/oes/current/naics2_22.htm">https://www.bls.gov/oes/current/naics2_22.htm</a>).
FERC-60 Annual Burden Estimate
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C. Annual
number of D. Total number of E. Average burden hours F. Total annual burden
B. Number of respondents responses per responses & cost per response hours & cost G. Cost per respondent
respondent
(column B x column C) (column D x column E).. (column F / column B)
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37.................................. 1 37 78 hrs.; $7,800........ 2,886 hrs.; $288,600... $7,800
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FERC-61 Annual Burden Estimate
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C. Annual
number of D. Total number of E. Average burden hours F. Total annual burden
B. Number of respondents responses per responses & cost per response hours & cost G. Cost per respondent
respondent
(column B x column C) (column D x column E).. (column F / column B)
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14 \3\.............................. 1 14 0.5 hrs.; $50.......... 7 hrs.; $700........... $50
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[[Page 20651]]
FERC-555A Annual Burden Estimate
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C. Annual
number of D. Total number of E. Average burden hours F. Total annual burden
B. Number of respondents responses per responses & cost per response hours & cost G. Cost per respondent
respondent
(column B x column C) (column D x column E).. (column F / column B)
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51.................................. 1 51 1,080 hrs.; $42,692.... 55,080 hrs.; 2,177,312. 42,692
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FERC-555A Record Retention
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Total number of Cost per Total annual
responses respondent cost
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Electronic Storage........................................... 51 $10 $510
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Total Annual Cost: $2,466,612 [$288,600 (FERC Form No. 60) + $700
(FERC-61) + $2,177,312 (FERC-555A)] (Labor Cost) + $510 (Record
Retention storage cost) = $2,466,612.\4\
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\3\ Previously, the Commission estimated the number of FERC-61
respondents by including the potential for a holding company to file
for a group of companies. In contrast, the current estimate is
updated to instead reflect the actual number of filers filing the
FERC-61, as opposed to the potential number of companies represented
by the population of filers. The current approach is more precise as
it can be confirmed by reviewing the most recent number of FERC-61
filers. It is also consistent with the way the number of respondents
is estimated for other Commission collections. The varying corporate
sizes and complexities inherent in the filing community is already
taken into account via the burden hours estimate that is based on
average filer burden.
\4\ On the 60-day notice (90 FR 9144), there was a mathematical
error that stated $2,468,472.40, which we are correcting in this
notice.
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A more granular breakdown of the FERC-60/61/555A cost categories
follows:
Labor Cost: The total estimated annual cost for labor burden to
respondents is $2,466,612 [$288,600 (FERC Form No. 60) + $700 (FERC-61)
+ $2,177,312 (FERC-555A)].
FERC Form No. 60: 37 respondents x $7,800 per respondent =
$288,600.
FERC-61: 14 respondents x $50 per respondent = $700.
FERC-555A: 51 respondents x $42,692 per respondent = $2,177,312.
We expect the labor cost of FERC-555A record keeping to trend
downward over time as companies move their records almost entirely to
electronic record keeping and storage.
Storage Cost: \5\ In addition to the FERC-555A labor (burden cost
provided above), there are additional costs that represent record
retention and storage costs. Previously, the estimate included paper
storage costs, but firms no longer rely on paper storage to maintain
the majority of their records, therefore the Commission is removing the
costs for paper storage. For electronic storage, the Commission
estimates $10 per respondent annually. Total annual electronic storage
cost to industry ($10 x 51 respondents): $510. This calculation
estimates storage of 1GB per year at $10. We expect that this estimate
should continue to trend downward over time as the cost of electronic
storage technology, including cloud storage, continues to decrease. For
example, external hard drives of approximately 1000GB are available for
approximately $75. In addition, cloud storage plans from multiple
providers for 1TB of storage (with a reasonable amount of requests and
data transfers) are available for less than $7 per month.
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\5\ Internal analysis assumes 100% electronic storage.
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Comments: Comments are invited on: (1) whether the collections of
information are 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 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.
Dated: May 9, 2025.
Debbie-Anne A. Reese,
Secretary.
[FR Doc. 2025-08652 Filed 5-14-25; 8:45 am]
BILLING CODE 6717-01-P
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