Get the free FERC Form No. 2, Annual Report of Major Natural Gas Companies - ferc

This document proposes revisions to financial forms, statements, and reporting requirements for natural gas pipelines under the Federal Energy Regulatory Commission (FERC). It aims to enhance data

How to fill out ferc form no 2

How to fill out FERC Form No. 2, Annual Report of Major Natural Gas Companies

1. Begin by obtaining the latest version of FERC Form No. 2 from the FERC website.
2. Fill out the identification section with the company's name, address, and contact details.
3. Complete the financial section including balance sheets, income statements, and cash flow statements.
4. Provide data on natural gas transportation and storage activities, including volumes transported.
5. Report on the company's assets, liabilities, and equities in the specified format.
6. Complete the sections on operating revenues and expenses, detailing line items as required.
7. Include any relevant notes to the financial statements if necessary.
8. Review and ensure all sections are accurately filled out before submission.
9. Submit the completed form electronically to FERC by the specified deadline.

Who needs FERC Form No. 2, Annual Report of Major Natural Gas Companies?

1. Major natural gas companies that transport or sell natural gas in interstate commerce.
2. Entities under the jurisdiction of the Federal Energy Regulatory Commission (FERC).
3. Companies that meet the criteria set forth in the FERC regulations for major natural gas companies.

People Also Ask about

Who does FERC have jurisdiction over?

The Federal Energy Regulatory Commission, or FERC, is an independent agency that regulates the interstate transmission of electricity, natural gas, and oil. FERC also reviews proposals to build liquefied natural gas (LNG) terminals and interstate natural gas pipelines as well as licensing hydropower projects.

What is the FERC Act for natural gas?

A US federal statute that regulates interstate natural gas pipelines and facilities (15 U.S.C. §§ 717 to 717z). The NGA was originally enacted in 1938 and granted regulatory authority to the Federal Power Commission, which later became the Federal Energy Regulatory Commission (FERC).

What is FERC form 1?

The 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.

What is FERC form 2?

The Form No. 2 is a compilation of financial and operational information from major interstate natural gas pipelines subject to the jurisdiction of the FERC. The form contains data for a calendar year.

Who files FERC Form 2?

These reports are also considered to be a non-confidential public use forms. Each natural gas company whose combined gas transported or stored for a fee exceed 50 million dekatherms in each of the previous three years must submit FERC Form 2 and 3-Q.

What is FERC reporting?

The Federal Energy Regulatory Commission has established regulatory accounting and financial reporting requirements for its jurisdictional entities in the electric, natural gas, and oil pipeline industries.

What is the purpose of the FERC?

The Federal Energy Regulatory Commission, or FERC, is an independent agency that regulates the interstate transmission of electricity, natural gas, and oil.

Who does FERC apply to?

What industries does FERC regulate and operate? FERC regulates the natural gas, electricity, oil and hydropower industries.

What is a FERC form 2?

FERC Forms 2, 2-A, and 3-Q are designed to collect financial and operational information form natural gas companies subject to the jurisdiction of the Federal Energy Regulatory Commission. These reports are also considered to be a non-confidential public use forms.

Who is required to file a FERC Form 1?

Each Major electric utility, licensee, or other, as classified in the Commission's Uniform System of Accounts Prescribed for Public Utilities and Licensees Subject To the Provisions of The Federal Power Act (18 C.F.R. Part 101), must submit FERC Form 1 (18 C.F.R.

For pdfFiller’s FAQs

What is FERC Form No. 2, Annual Report of Major Natural Gas Companies?

FERC Form No. 2 is an annual report that major natural gas companies are required to file with the Federal Energy Regulatory Commission (FERC). It provides detailed financial and operational information about the companies' activities in the natural gas industry.

Who is required to file FERC Form No. 2, Annual Report of Major Natural Gas Companies?

Major natural gas companies, which are those that meet certain size and revenue thresholds specified by FERC, are required to file FERC Form No. 2.

How to fill out FERC Form No. 2, Annual Report of Major Natural Gas Companies?

To fill out FERC Form No. 2, companies must gather relevant financial and operational data for the reporting year, ensure compliance with FERC guidelines, and submit the completed form electronically through the FERC's secure submission portal.

What is the purpose of FERC Form No. 2, Annual Report of Major Natural Gas Companies?

The purpose of FERC Form No. 2 is to provide the Commission, and the public, with essential data regarding the operations, financial performance, and investments of major natural gas companies to ensure transparency and effective regulation.

What information must be reported on FERC Form No. 2, Annual Report of Major Natural Gas Companies?

FERC Form No. 2 requires reporting on various aspects including financial statements, operational statistics, pipeline information, sales and transportation activities, and any changes in the company’s structure or operations over the reporting period.