Daily Rules, Proposed Rules, and Notices of the Federal Government


Federal Energy Regulatory Commission

[Docket No. IC13-3-000]

Commission Information Collection Activities; Comment Request; Extension

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, 44 USC 3506(c)(2)(A), the Federal Energy Regulatory Commission (Commission or FERC) is soliciting public comment on the currently approved information collections, FERC-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 PUHCA1 ).

1Public Utility Holding Company Act of 2005.

DATES: Comments on the collections of information are due January 28, 2013.
ADDRESSES: *eFiling at Commission's Web Site:

*Mail/Hand Delivery/Courier:Federal Energy Regulatory Commission, Secretary of the Commission, 888 First Street NE., Washington, DC 20426.

Instructions:All submissions must be formatted and filed in accordance with submission guidelines at: For user assistance contact FERC Online Support by email, or by phone at: (866) 208-3676 (toll-free), or (202) 502-8659 for TTY.

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

FOR FURTHER INFORMATION CONTACT: Ellen Brown may be reached by email, telephone at (202) 502-8663, and fax at (202) 273-0873.

Titles:FERC-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).

OMB Control No.:1902-0215.

Type of Request:Three-year extension of the FERC-60, FERC-61, & FERC-555A information collection requirements with no changes to the current reporting requirements.

Abstract:On August 8, 2005, the Energy Policy Act of 2005, was signed into law, repealing the Public Utility Holding Company Act of 1935 (PUHCA 1935) and enacting the Public Utility Holding Company Act of 2005 (PUHCA 2005). Section 12642 and Section 12753 of PUHCA 2005 supplemented FERC's existing ratemaking authority under the Federal Power Act (FPA) to protect customers against improper cross-subsidization or encumbrances of public utility assets, and similarly, FERC's ratemaking authority under the Natural Gas Act (NGA). These provisions of PUHCA 2005 supplemented the FERC's broad authority under FPA Section 301and NGA section 8 to obtain the books and records of regulated companies and any person that controls or is under the influence of such companies if relevant to jurisdictional activities.

2Federal Books and Records Access Provision.

3Non-Power Goods and Services Provision.

FERC Form 60

Form No. 60 is an annual reporting requirement under 18 CFR 366.23 for centralized service companies. 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 jurisdiction of the FERC. Unless Commission rule 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 electronically with the FERC the Form No. 60, pursuant to the General Instructions in the form.


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 60. Instead, those service companies are required to file, on an annual basis, 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 of its service company subsidiaries.


FERC prescribed a mandated preservation of records requirements 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 the FERC Form 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 FERC to review and determine cost allocations (among holding company members) for certain non-power goods and services, (3) aids FERC in meeting its oversight and market monitoring obligations, and (4) benefits the public, both as ratepayers and investors. In addition, the FERC's audit staff used these records during compliance reviews and special analyses.

If data from the FERC Form 60, FERC-61, and FERC-555A were not available, FERC would not be able to meet its statutory responsibilities, under EPAct 1992, EPAct of 2005, and PUHCA 2005, and FERC would not have all of the regulatory mechanisms necessary to ensure customer protection.

Type of Respondents:Electric transmission facilities.

Estimate of Annual Burden: 4 The Commission estimates the total Public Reporting Burden for this information collection as:

4The Commission defines burden 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, reference 5 Code of Federal Regulations 1320.3.

FERC-60 (Annual Report of Centralized Service Companies), FERC-61 (Narrative Description of Service Company Functions), & FERC-555A (Preservation of Records Companies and Service Companies Subject to PUHCA) Number of
  • respondents
  • Number of
  • responses per
  • respondent
  • Total number of responses Average burden hours per
  • response
  • Estimated total annual burden
    (A) (B) (A) × (B) = (C) (D) (C) × (D) FERC-60 34 1 34 75 2,550 FERC-61 82 1 82 0.5 41 FERC-555A 100 1 100 1,080 108,000 Total 110,591

    The total estimated annual cost burden to respondents is $4,735,093.16 [$306,000 (FERC Form 60) + $2,829.41 (FERC-61) + $4,426,263.75 (FERC-555A) = $4,735,093.16]

    FERC Form 60:2,550 hours * $120/hour = $306,000.

    FERC-61:41 hours * $69.01/hour = $2,829.41.

    FERC-555A: 5

    5Internal analysis assumes 50% electronic and 50% paper storage.

    • Labor costs for paper storage: 108,000 hours * $19/hours6 = $2,052,000

    62012 average hourly wage of filing clerk working within an electric utility.

    • Record Retention/storage cost for paper storage (using an estimate of 6,000 ft3): $38,763.75.

    • Electronic record retention/storage cost: $2,335,500 [108,000 hours ÷ 2 = 54,000 * $28/hour7 = $1,512,000; electronic record storage cost: 54,000 hours * $15.25/year8 = $823,500; total electronic record storage: $2,335,500]

    7The Commission bases the $28/hour figure on a FERC staff study that included estimating public utility recordkeeping costs.

    8Per entity; the Commission bases this figure on the estimated cost to service and to store 1 GB of data (based on the aggregated cost of an IBM advanced data protection server).

    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 estimate 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: November 2, 2012. Kimberly D. Bose, Secretary.