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This form is used for the annual and quarterly reporting of financial information by major electric utilities, including information on revenues, expenses, and other financial metrics as mandated
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How to fill out ferc form 1 3-q

How to fill out FERC Form 1 & 3-Q
01
Gather necessary financial and operational data for your utility.
02
Download the FERC Form 1 & 3-Q templates from the FERC website.
03
Begin filling out Form 1 by entering company identification information at the top.
04
Complete the balance sheet section by providing accurate data on assets, liabilities, and equity.
05
Fill in the income statement section with revenues, expenses, and net income figures.
06
Provide additional details in the notes section, explaining any significant changes or unique items.
07
For Form 3-Q, summarize the financial data for the quarter instead of the full year, focusing on operating results.
08
Review all fields for accuracy and ensure compliance with FERC regulations.
09
Submit the completed forms electronically via FERC's eFiling system by the stated deadlines.
Who needs FERC Form 1 & 3-Q?
01
Public utilities and interstate natural gas pipelines that are subject to the jurisdiction of FERC.
02
Companies required to disclose financial and operational data for regulatory oversight.
03
Utilities with revenues over specific thresholds set by FERC, as part of their annual reporting obligations.
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People Also Ask about
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 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 are the principles of the FERC?
Guiding Principles Organizational Excellence: The Commission strives to use its resources efficiently and effectively to achieve its strategic priorities. Due Process and Transparency: Paramount in all of its proceedings is the Commission's determination to be open and fair to all participants.
What is the difference between DOE and FERC?
Under this division of labor, the DOE reviews applications for exports of the commodity while FERC reviews applications to build or expand liquefication facilities, which includes consideration of siting, safety, and environmental criteria. Both reviews are subject to the “public interest” standard.
What is FERC 7C?
Under a blanket certificate issued pursuant to section 7(c) of the Natural Gas Act, a natural gas company may undertake a restricted array of routine activities without the need to obtain a case-specific certificate for each individual project.
What is the FERC seven factor test?
Under the FERC Seven-Factor Test, local distribution facilities include those that: (1) are in close proximity to retail customers; (2) are primarily radial; (3) receive power flow into, but not out of, the system; (4) do not transport power to some other market; (5) include power that is consumed in a comparatively
What is the purpose of the FERC?
The Federal Energy Regulatory Commission, or FERC, is an independent agency that regulates the interstate transmission of electricity, natural gas, and oil.
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.
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What is FERC Form 1 & 3-Q?
FERC Form 1 is an annual report for public utilities that provides financial and operational data, while FERC Form 3-Q is a quarterly report that offers interim financial information.
Who is required to file FERC Form 1 & 3-Q?
Public utilities with annual revenues over $4 million are required to file FERC Form 1, while those with annual revenues over $10 million must file the quarterly FERC Form 3-Q.
How to fill out FERC Form 1 & 3-Q?
To fill out FERC Form 1 & 3-Q, utilities must gather relevant financial and operational data, complete the form sections accurately, and submit it electronically via the FERC's online filing system.
What is the purpose of FERC Form 1 & 3-Q?
The purpose of FERC Form 1 & 3-Q is to provide the Federal Energy Regulatory Commission with essential financial and operational data necessary for regulatory oversight and policy-making.
What information must be reported on FERC Form 1 & 3-Q?
FERC Form 1 must report detailed financial statements, operational statistics, and regulatory information, while Form 3-Q includes interim financial data, sales figures, and operational performance metrics.
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