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This document is a mandatory filing required by the Federal Energy Regulatory Commission (FERC) for major electric utilities, including comprehensive financial information and operational details
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How to fill out ferc form no 1
How to fill out FERC FORM No. 1 & 3-Q
01
Gather necessary financial documents and data from the reporting period.
02
Ensure you have the correct version of FERC FORM No. 1 and 3-Q.
03
Begin FERC FORM No. 1 by entering the company name and address.
04
Fill out the balance sheet section with current assets, liabilities, and equity.
05
Complete the income statement section with revenues and expenses.
06
Provide details on operations, such as transmission and distribution statistics.
07
Fill in schedules as required, including adjustments and additional disclosures.
08
Review all entries for accuracy and completeness before submission.
09
Prepare FERC FORM 3-Q by summarizing quarterly data in a similar manner.
10
Submit the completed forms electronically via FERC's eFiling system.
Who needs FERC FORM No. 1 & 3-Q?
01
Public utilities and service providers operating in the energy sector.
02
Companies regulated by the Federal Energy Regulatory Commission (FERC).
03
Entities that generate, transmit, or sell electricity, natural gas, or oil.
04
Companies that need to report on their financial conditions and operational data.
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People Also Ask about
What is the FERC 60 day rule?
In the Final Rule, FERC directs transmission providers to submit compliance filings within 60 days of the effective date or on or before January 27, 2025. Each compliance filing must include a proposed effective date within 90 days from the date of the filing.
What is the new transmission rule?
The rule requires transmission operators to conduct and periodically update long-term transmission planning over a 20-year time horizon to anticipate future needs. It also provides for cost-effective expansion of transmission that is being replaced, when needed, known as “right-sizing” transmission facilities.
What is the new rule of the FERC?
The rule provides: Prompt Review: While the Clean Water Act allows them one year to accept, deny, or waive a certification request, FERC's rule encourages states and tribes to accept, deny, or waive the request within six months.
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.
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 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 final rule of the FERC order 881?
Order 881 (which was clarified through Order 881-A in May 2022) requires U.S. transmission providers, including Independent System Operators and/or Regional Transmission Operators, to develop and implement Ambient Adjusted Ratings (AAR) for transmission lines over which they provide service by July 12, 2025.
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What is FERC FORM No. 1 & 3-Q?
FERC FORM No. 1 is an annual report filed by public utilities that provides comprehensive financial and operational data. FERC FORM 3-Q is a quarterly report that provides similar types of information but is submitted on a quarterly basis.
Who is required to file FERC FORM No. 1 & 3-Q?
Public utilities that are subject to the Federal Energy Regulatory Commission's jurisdiction are required to file FERC FORM No. 1 and 3-Q.
How to fill out FERC FORM No. 1 & 3-Q?
Entities must follow the specific instructions provided by FERC for each form, ensuring all required sections are completed accurately, which includes financial statements, operational data, and more. Filing is typically done electronically through FERC's online filing system.
What is the purpose of FERC FORM No. 1 & 3-Q?
The purpose of these forms is to provide the FERC and the public with essential information about the financial and operational performance of public utilities, facilitating transparency and informed decision-making.
What information must be reported on FERC FORM No. 1 & 3-Q?
FERC FORM No. 1 and 3-Q require reporting of various data, including balance sheets, income statements, detailed operational statistics, and any other financial information pertinent to the utility's operations.
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