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This form is an annual regulatory requirement for major electric utilities, licensees and others to report financial and operational information as mandated by the Federal Power Act. It includes various
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How to fill out ferc form no 1
How to fill out FERC Form No. 1 & 3-Q
01
Gather all necessary financial statements, including balance sheets and income statements.
02
Complete the identification section with the entity's name, FERC code, and reporting period.
03
Fill out the operating revenue section, detailing the sources of revenue from electric sales and other services.
04
Include the operating expense section, categorizing costs related to generation, transmission, and distribution.
05
Provide details on property, plant, and equipment, including acquisitions, disposals, and depreciation.
06
Report on any regulatory changes affecting financial data.
07
For Form No. 3-Q, include quarterly performance metrics as required, ensuring consistency with annual data.
08
Review all entries for accuracy and completeness before submission.
09
Submit the completed forms electronically through FERC's online portal by the specified deadlines.
Who needs FERC Form No. 1 & 3-Q?
01
Public utilities that operate in the electricity market and are required to report detailed financial and operational data to the Federal Energy Regulatory Commission (FERC).
02
Entities that meet certain thresholds for revenue or own significant infrastructure assets related to energy in the U.S.
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People Also Ask about
What is FERC form 2?
2 - Major Natural Gas Pipeline Annual Report. 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.
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.
What is FERC Form 3q?
The Form No. 3-Q is a comprehensive quarterly financial and operating report which supplements Annual Report Forms 2 and 2-A and is submitted for each Major and Non Major Natural Gas Company. Chapter: 18 CFR § 260.300. OMB #: 1902-0205, expires 7/31/2025.
What is the 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 in 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?
2 - Major Natural Gas Pipeline Annual Report. 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.
What is the FERC 7 factor test?
The seven-factor test involves a case-by-case analysis of the following seven indicators of local distribution: (1) local distribution facilities are normally in close proximity to retail customers; (2) local distribution facilities are primarily radial in character; (3) power flows into local distribution systems, and
What are FERC standards?
The Federal Energy Regulatory Commission's (FERC) Standards of Conduct govern the relationships between the utility's transmission function employees and its marketing function employees.
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What is FERC Form No. 1 & 3-Q?
FERC Form No. 1 is an annual report for public utilities that provides comprehensive financial and operational information. FERC Form No. 3-Q is a quarterly report that gives updates on the financial status of electric utilities.
Who is required to file FERC Form No. 1 & 3-Q?
Public utilities that are regulated by the Federal Energy Regulatory Commission (FERC) are required to file FERC Form No. 1 and Form No. 3-Q.
How to fill out FERC Form No. 1 & 3-Q?
To fill out FERC Form No. 1 and 3-Q, utilities must gather financial and operational data, complete the necessary sections per instructions provided by FERC, and submit the forms electronically through the FERC eFiling system.
What is the purpose of FERC Form No. 1 & 3-Q?
The purpose of FERC Form No. 1 and 3-Q is to collect detailed financial and operational data from public utilities to help the FERC establish fair rates and ensure adequate service to consumers.
What information must be reported on FERC Form No. 1 & 3-Q?
FERC Form No. 1 requires information on utility financial statements, operational statistics, rates, and services, while Form No. 3-Q includes quarterly updates on income, expenses, and other key financial metrics.
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