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The FERC Form No. 552 is used to collect transactional information from natural gas market participants regarding their wholesale, physical natural gas transactions to provide insights into the size
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How to fill out ferc form no 552
How to fill out FERC Form No. 552
01
Begin by downloading the FERC Form No. 552 from the FERC website.
02
Ensure you have the correct reporting period for which you are filing the form.
03
Fill in the general information section including your name, address, and contact details.
04
Provide the necessary data on electricity purchases and sales for the reporting period.
05
Include specific details on any transactions with affiliated companies if applicable.
06
Calculate and report the total megawatt-hours (MWh) for both purchases and sales.
07
Review the form for accuracy and completeness before submission.
08
Sign and date the form where indicated.
09
Submit the completed form electronically through the FERC's online system by the required deadline.
Who needs FERC Form No. 552?
01
Entities that are engaged in the wholesale electricity market in the United States and meet certain thresholds established by FERC.
02
Public utilities that have trading activities and execute transactions that affect the electricity market.
03
Companies that are required to report their bulk power sales and purchases for regulatory compliance.
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How long does FERC approval take?
Depending on the filing type, review by one of our Program Offices may be in progress. This review could take up to 24 hours. There are also periods during which the filing queue may receive a large influx of filings. In any event, filings should be accepted or rejected within 24 hours.
Are utility companies federally regulated?
Who Regulates Electricity Utilities? The Federal Energy Regulatory Commission (FERC) oversees the interstate transmission of electricity, oil, and natural gas. Its mission is to provide consumers with access to reliable, efficient, safe, and secure energy at a reasonable cost.
What is the purpose of the FERC?
The Federal Energy Regulatory Commission (FERC) regulates interstate transmission of electricity, natural gas, and oil, and also regulates hydropower projects and natural gas terminals.
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.
What is FERC form 556?
§ 131.80 FERC Form No. 556, Certification of qualifying facility (QF) status for a small power production or cogeneration facility. (a) Who must file. Any person seeking to certify a facility as a qualifying facility pursuant to sections 3(17) or 3(18) of the Federal Power Act, 16 U.S.C.
What is FERC Form 561?
The Form 561 data identifies persons holding interlocking positions between public utilities and other entities, allows the Commission to review these interlocking positions, and allows identification of possible conflicts of interest.
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.
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What is FERC Form No. 552?
FERC Form No. 552 is a reporting form that the Federal Energy Regulatory Commission (FERC) requires certain entities to submit annually. It collects information on the capacity and supply of electric power, particularly focusing on power sales, purchases, and transactions.
Who is required to file FERC Form No. 552?
Entities that are required to file FERC Form No. 552 include sellers of electric energy that meet specific criteria, such as those that engage in wholesale electric power sales and are subject to FERC jurisdiction.
How to fill out FERC Form No. 552?
Filling out FERC Form No. 552 involves collecting the necessary data on electric power transactions and sales, and then entering the information into the structured format of the form as provided by FERC. Instructions for completion can be found on the FERC website.
What is the purpose of FERC Form No. 552?
The purpose of FERC Form No. 552 is to gather data to monitor and analyze electric markets, ensuring transparency and compliance within the wholesale power market.
What information must be reported on FERC Form No. 552?
Information that must be reported on FERC Form No. 552 includes details about the entity's electric power sales, purchases, and transactions, capacity data, and any other relevant market-related activities during the reporting period.
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