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Form Approved OMB No. 19020021 (Expires 7/31/95)FERC Form No. 1: ANNUAL REPORT OF MAJOR ELECTRIC UTILITIES, LICENSEES AND OTHERSThis report is mandatory under the Federal Power Act, Sections 3, 4(a),

How to fill out ferc form no 1

How to fill out ferc form no 1

1. Read the instructions: Start by carefully reading the instructions provided with the FERC Form No. 1. This will give you an overview of the form and the information required.
2. Gather the necessary documents: Collect all the required documents mentioned in the instructions, such as financial statements, balance sheets, income statements, and other relevant records.
3. Fill out the basic information: Begin by filling out the basic information section of the form, including the company name, address, contact details, and other pertinent details.
4. Provide ownership details: Fill in the ownership section, which includes information about the company's affiliates and subsidiaries.
5. Report financial information: Enter the financial data required, such as revenue, expenses, and profits.
6. Include supporting schedules: Attach any supporting schedules as instructed, including details about transmission service, market-based rates, and jurisdictional information.
7. Review and validate the form: Double-check all the filled-out information for accuracy and completeness. Ensure that the form is validated and all necessary signatures are obtained.
8. Submit the form: Once the form is thoroughly reviewed and finalized, submit it according to the submission instructions provided by FERC.
9. Keep a copy for records: Make sure to keep a copy of the filled-out FERC Form No. 1 for your reference and future documentation.

Who needs ferc form no 1?

1. Electric utilities: Electric utility companies, including those engaged in power generation, transmission, and distribution, generally need to fill out FERC Form No. 1.
2. Licensees and exempt wholesale generators: Entities holding licenses or involved in wholesale generation of electricity may also be required to submit FERC Form No. 1.
3. Public utility holding companies: Companies that own or control public utility assets and engage in interstate commerce may need to comply with FERC Form No. 1 requirements.
4. Transmission companies: Entities operating transmission facilities or providing transmission services within FERC’s jurisdiction must fill out FERC Form No. 1.
5. Natural gas companies: Some natural gas companies involved in interstate transportation, storage, or distribution activities may be required to submit FERC Form No. 1.
6. Pipelines and LNG facilities: Entities operating pipelines or liquefied natural gas (LNG) facilities that fall under FERC’s jurisdiction may have to complete FERC Form No. 1.

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What is ferc form no 1?

FERC Form No. 1 is an annual report that is filed by public utilities to provide financial and operational information to the Federal Energy Regulatory Commission (FERC).

Who is required to file ferc form no 1?

Public utilities that are subject to the jurisdiction of the Federal Energy Regulatory Commission (FERC) are required to file FERC Form No. 1.

How to fill out ferc form no 1?

To fill out FERC Form No. 1, utilities must gather their financial and operational data, including income statements, balance sheets, and details on energy sales and purchases, and then complete the form according to the instructions provided by FERC.

What is the purpose of ferc form no 1?

The purpose of FERC Form No. 1 is to collect essential information on the financial status and operational activities of public utilities, ensuring transparency and regulatory oversight.

What information must be reported on ferc form no 1?

FERC Form No. 1 requires reporting of various financial data, including revenue, operating expenses, balance sheet items, and details related to the generation, transmission, and sale of electric energy.