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Customer Meeting Attachment 1-9 Excel Energy FERC Form 1 Reporting P 227 ? Materials & Supplies Change in Methodology Materials and Supplies Change in Methodology for FERC Form 1 Reporting p. 227
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What is ferc form 1 reporting?
FERC Form 1 reporting is a regulatory requirement imposed by the Federal Energy Regulatory Commission (FERC) in the United States. It is an annual financial and operational report that must be submitted by electric utilities and licensees, including public utilities, licensees of public lands, and certain exempt wholesale generators.
Who is required to file ferc form 1 reporting?
Electric utilities and licensees, including public utilities, licensees of public lands, and certain exempt wholesale generators, are required to file FERC Form 1 reporting.
How to fill out ferc form 1 reporting?
FERC Form 1 reporting can be filled out electronically using the FERC's secure online filing system called eForms. The form requires detailed financial and operational data, including balance sheets, income statements, and other relevant information. Instructions and guidance on how to fill out the form are provided by the FERC.
What is the purpose of ferc form 1 reporting?
The purpose of FERC Form 1 reporting is to ensure transparency and accountability in the electric utility industry. It allows the FERC to monitor the financial and operational performance of electric utilities, assess their compliance with regulatory requirements, and make informed decisions related to rate-making, market oversight, and energy policy.
What information must be reported on ferc form 1 reporting?
FERC Form 1 reporting requires a wide range of information, including financial data such as balance sheets, income statements, cash flows, and capital structure details. It also requires operational data related to sales and demand, generation capacity, transmission and distribution, energy contracts, fuel supply, and more.
When is the deadline to file ferc form 1 reporting in 2023?
The deadline to file FERC Form 1 reporting in 2023 is typically April 18th. However, it is recommended to check the official FERC website or consult with legal or regulatory professionals for the exact deadline as it may be subject to changes or extensions.
What is the penalty for the late filing of ferc form 1 reporting?
The penalty for the late filing of FERC Form 1 reporting can vary depending on the specific circumstances and the discretion of the FERC. Generally, a penalty fee may be imposed for each day of non-compliance, and repeated or intentional failures to file may result in additional fines or legal actions.
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