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This document is a report used by the Federal Energy Regulatory Commission to collect information concerning natural gas transactions to ensure transparency in pricing and market operations.
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How to fill out ferc form 552 annual
How to fill out FERC Form 552, Annual Report of Natural Gas Transactions
01
Gather all relevant transaction data for the reporting year, including purchases and sales of natural gas.
02
Determine the appropriate reporting period, typically January 1 to December 31 of the year prior.
03
Access the FERC online portal or the appropriate website to download the FERC Form 552 template.
04
Fill out the header section with your company name, address, and contact information.
05
For each transaction, record the transaction type, counterparty information, volume of natural gas, price, and transaction date in the respective sections.
06
Include aggregated data for purchases and sales that do not meet the minimum reporting threshold where applicable.
07
Review your entries for accuracy and ensure that all required fields are completed.
08
Save the completed form in the required format specified by FERC.
09
Submit the form electronically through the FERC online filing system by the deadline, typically by June 1 of the following year.
Who needs FERC Form 552, Annual Report of Natural Gas Transactions?
01
Entities that engage in the purchase or sale of natural gas, including but not limited to natural gas producers, marketers, and local distribution companies.
02
Companies that meet the minimum transaction thresholds set by FERC for reporting natural gas transactions.
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People Also Ask about
What is a FERC gas tariff?
(b) FERC Gas Tariff or tariff means a compilation, on electronic media, of all of the effective rate schedules of a particular natural gas company, and a copy of each form of service agreement.
What is FERC and what does it do?
The Federal Energy Regulatory Commission, or FERC, is an independent agency that regulates the interstate transmission of electricity, natural gas, and oil.
What is a FERC rate?
The Federal Energy Regulatory Commission (FERC) has jurisdiction over electric transmission rate base and rates, while the CPUC has jurisdiction over generation and the distribution grid. These values are based on responses to Energy Division data requests from Q1 2024.
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.
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 requires a FERC permit?
The only electric generating projects that require FERC approval are hydropower projects. FERC also approves the construction and operation of interstate natural gas pipelines, storage facilities and liquefied natural gas terminals.
What is FERC form 552?
FERC Form No. 552 collects transactional information from natural gas market participants. The filing of this information is necessary to provide information regarding physical natural gas transactions that use an index and transactions that contribute to, or may contribute to gas price indices.
What is a tariff in shipping terms?
T / Tariff A publication setting out the rates, fees, charges, and rules for goods transportation. carriers publish tariffs, but so do some specialist publishers like Cargo Rates Services Inc.
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What is FERC Form 552, Annual Report of Natural Gas Transactions?
FERC Form 552, Annual Report of Natural Gas Transactions, is a regulatory form that must be submitted to the Federal Energy Regulatory Commission (FERC). It provides detailed information on natural gas transactions, including purchases and sales by entities involved in the natural gas market.
Who is required to file FERC Form 552, Annual Report of Natural Gas Transactions?
Any entity that is engaged in the purchase or sale of natural gas and meets certain criteria established by FERC is required to file FERC Form 552. This generally includes natural gas market participants who are either interstate or intrastate pipelines, local distribution companies, or marketers.
How to fill out FERC Form 552, Annual Report of Natural Gas Transactions?
To fill out FERC Form 552, participants need to provide information about their natural gas transactions over the reporting year. This includes details on volumes bought and sold, transaction details, and prices. The form must be completed accurately and submitted electronically through FERC's eFiling system by the designated filing deadline.
What is the purpose of FERC Form 552, Annual Report of Natural Gas Transactions?
The purpose of FERC Form 552 is to collect data that helps FERC monitor the natural gas market, ensure compliance with regulations, and provide transparency. The information gathered aids in assessing market behavior and identifying potential issues related to market manipulation or lack of competition.
What information must be reported on FERC Form 552, Annual Report of Natural Gas Transactions?
FERC Form 552 requires the reporting of various types of information including, but not limited to, the volumes of natural gas purchased and sold, transaction prices, the counterparties involved, and any relevant contract details. It may also require reporting of transactions in both physical and financial natural gas markets.
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