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The FERC Form No. 1 is an annual regulatory requirement for Major electric utilities and the FERC Form 3-Q is a quarterly regulatory requirement for supplemental financial reporting. These reports
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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 and operational data for the reporting period.
02
Review the FERC FORM No. 1 & 3-Q guidelines and instructions thoroughly.
03
Complete the identification section by providing your company's name, address, and FERC identification number.
04
Fill out the financial statements section with accurate accounting data, including balance sheets and income statements.
05
Provide supplementary information and notes required, adhering to the specific format indicated.
06
Ensure proper categorization of revenues and expenses as specified in the forms.
07
Verify all entries for accuracy and completeness.
08
Sign and date the certification section of the forms.
09
Submit the completed forms electronically or via mail as directed by FERC.
Who needs FERC FORM No. 1 & 3-Q?
01
Public utilities under the jurisdiction of the Federal Energy Regulatory Commission (FERC)
02
Companies involved in the generation, transmission, or sale of electric energy
03
Entities collecting and reporting financial data for regulatory compliance
04
Investors and stakeholders interested in the financial health of public utilities
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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 an annual financial and operational report required by the Federal Energy Regulatory Commission (FERC) for certain public utilities. FERC FORM No. 3-Q is a quarterly financial report that provides updates on the operational and financial data submitted in FORM No. 1.
Who is required to file FERC FORM No. 1 & 3-Q?
Public utilities that are engaged in the transmission or sale of electric energy in interstate commerce are required to file FERC FORM No. 1. FERC FORM No. 3-Q is required to be filed by those same entities on a quarterly basis.
How to fill out FERC FORM No. 1 & 3-Q?
FERC FORM No. 1 & 3-Q must be filled out using the prescribed forms available on the FERC website. Utilities must compile operational, financial, and statistical data according to FERC's guidelines and instructions, ensuring accuracy and completion before submission.
What is the purpose of FERC FORM No. 1 & 3-Q?
The purpose of FERC FORM No. 1 & 3-Q is to provide FERC with essential data on the financial and operational performance of public utilities, allowing for regulatory oversight and ensuring transparency in the electric utility industry.
What information must be reported on FERC FORM No. 1 & 3-Q?
FERC FORM No. 1 & 3-Q requires reporting of various financial metrics, including balance sheets, income statements, cash flow, operational statistics, and other relevant data about the utility's performance and operations during the reporting period.
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