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The FERC Form No. 1 and Form 3-Q are mandatory financial reports for Major Electric Utilities, Licensees and others, aimed at collecting operational and financial information under the Federal Power
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How to fill out ferc form no 1
How to fill out FERC FORM No. 1 & 3-Q
01
Obtain the FERC FORM No. 1 & 3-Q from the FERC website.
02
Gather the required financial and operational information related to the utility or company.
03
Fill out the basic identification information including the company name, address, and reporting period.
04
Complete Section A with the balance sheet information, listing assets, liabilities, and equity.
05
Fill out Section B with the income statement details, including revenue, expenses, and net income.
06
Provide details in Section C about cash flows and operational data.
07
Include notes and supplementary schedules where necessary to explain financial details further.
08
Review all entries for accuracy and completeness.
09
Submit the form electronically through the FERC online submission portal by the designated deadline.
Who needs FERC FORM No. 1 & 3-Q?
01
Public utilities that are required to provide annual financial reports to the Federal Energy Regulatory Commission.
02
Electric companies, gas companies, and other entities under FERC jurisdiction whose revenues exceed certain thresholds.
03
Entities involved in interstate sales of electricity or natural gas requiring regulatory oversight.
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People Also Ask about
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 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 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 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 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.
What is inside FERC?
Inside F.E.R.C. means Platts Inside F.E.R.C.'s Gas Market Report, or any successor publication, published by The McGraw-Hill Companies Inc. or its successor. Inside F.E.R.C. means the "Index Price" published in Inside F.E.R.
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.
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What is FERC FORM No. 1 & 3-Q?
FERC FORM No. 1 is the Annual Report of Major Electric Utilities, Licensees, and Others, while FERC FORM No. 3-Q is the Quarterly Financial Report for the same entities. These forms collect financial and operational data.
Who is required to file FERC FORM No. 1 & 3-Q?
Public utilities regulated by the Federal Energy Regulatory Commission (FERC) are required to file FERC FORM No. 1 & 3-Q.
How to fill out FERC FORM No. 1 & 3-Q?
FERC FORM No. 1 & 3-Q must be filled out by providing accurate financial and operational data as specified in the instructions provided by FERC. The forms can be completed electronically using FERC's online portal.
What is the purpose of FERC FORM No. 1 & 3-Q?
The purpose of FERC FORM No. 1 & 3-Q is to gather essential financial and operational information from public utilities, which is used for regulatory oversight and to inform stakeholders about the operations of these entities.
What information must be reported on FERC FORM No. 1 & 3-Q?
FERC FORM No. 1 & 3-Q requires reporting on financial statements, income data, balance sheets, operational statistics, and other relevant financial information of the utilities.
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