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This document serves as the Annual Report and Quarterly Financial Report for major electric utilities, containing financial and operational information as per the requirements of the Federal Energy
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How to fill out ferc form no 1
How to fill out FERC Form No. 1 & 3-Q
01
Begin with general information: Enter the full name of the company, the applicable reporting year, and the address of the principal office.
02
Fill in the account numbers and descriptions for each reported item as outlined in the FERC guidelines.
03
Input financial information: Include balance sheets, income statements, and cash flow statements as required.
04
Disclose specific regulatory information related to the company's operations and compliance.
05
Review any subsidiary and affiliated company information and include necessary details.
06
Complete the statistical section, providing metrics such as customer counts and resource usage as needed.
07
Sign the certification section with the appropriate executive confirming the accuracy of the information provided.
08
Submit the completed form electronically via the FERC online filing system.
Who needs FERC Form No. 1 & 3-Q?
01
Utility companies regulated by the Federal Energy Regulatory Commission (FERC).
02
Public utilities that generate and distribute electricity.
03
Natural gas companies and oil pipeline companies that fall under FERC's jurisdiction.
04
Companies engaging in interstate commerce in energy markets.
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People Also Ask about
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.
How long does FERC approval take?
Depending on the filing type, review by one of our Program Offices may be in progress. This review could take up to 24 hours. There are also periods during which the filing queue may receive a large influx of filings. In any event, filings should be accepted or rejected within 24 hours.
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 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 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 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 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.
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What is FERC Form No. 1 & 3-Q?
FERC Form No. 1 is an annual report that provides details about a public utility's financial and operational performance, while FERC Form No. 3-Q is a quarterly report that offers interim financial information. Both forms are required by the Federal Energy Regulatory Commission (FERC).
Who is required to file FERC Form No. 1 & 3-Q?
Public utilities engaged in the transmission or sale of electric energy, as well as certain related entities under the jurisdiction of FERC, are required to file FERC Form No. 1 and 3-Q.
How to fill out FERC Form No. 1 & 3-Q?
To fill out FERC Form No. 1 and 3-Q, utilities must gather their financial and operational data, follow the provided instructions from FERC, use the prescribed formats for the information requested, and submit the forms electronically via FERC's eFiling system.
What is the purpose of FERC Form No. 1 & 3-Q?
The purpose of FERC Form No. 1 & 3-Q is to ensure transparency and accountability in the operations of public utilities by collecting comprehensive data on their financial performance, investment levels, and operational efficiency.
What information must be reported on FERC Form No. 1 & 3-Q?
FERC Form No. 1 requires reporting on financial statements, balance sheets, income statements, cash flow statements, and detailed operational statistics. FERC Form No. 3-Q requires similar information but is presented on a quarterly basis, capturing interim financial performance and operations.
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