Federal Register #RM2612000

FERC Seeks Comments on Proposed Changes to Financial Reporting Requirements for Regulated Energy Entities

The Federal Energy Regulatory Commission (FERC), under the Department of Energy, is seeking public comment on proposed changes to financial reporting requirements for regulated energy entities. - Government Buyer: - Federal Energy Regulatory Commission (FERC), Department of Energy - Scope of Proposed Changes: - Amendments to annual and quarterly financial reporting forms: Form Nos. 1, 1-F, 2, 2-A, 6, 60, 3-Q, and 6-Q - Updates to filing instructions and correction of discrepancies - Elimination of certain schedules from quarterly forms - Exemption for oil pipeline companies with annual jurisdictional operating revenues below $500,000 from quarterly Form 6-Q filing - Affected Entities: - Jurisdictional public utilities, licensees, centralized service companies, natural gas and oil pipeline companies - Notable Requirements: - Focus on reducing reporting burden and improving data quality - No specific products, OEMs, or vendors are involved as this is a regulatory rulemaking - Opportunity Type: - Request for public comment on regulatory amendments, not a procurement of goods or services

Description

The Federal Energy Regulatory Commission (FERC) proposes amendments to certain annual and quarterly financial forms required from jurisdictional public utilities, licensees, centralized service companies, and natural gas and oil pipeline companies. The proposal includes updates to FERC Annual Report Form Nos. 1, 1-F, 2, 2-A, 6, and 60, and Quarterly Report Form Nos. 3-Q and 6-Q, along with revisions to filing instructions and elimination of certain schedules. Additionally, the regulation for FERC Form No. 6-Q is proposed to be revised to exempt oil pipelines with annual jurisdictional operating revenues below $500,000 from filing the quarterly form. These changes aim to reduce the reporting burden and improve regulatory oversight.

View original listing