Commission Information Collection Activities (FERC Form No. 60, FERC-61, and FERC-555A); Comment Request, 25037-25039 [2019-11175]
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Federal Register / Vol. 84, No. 104 / Thursday, May 30, 2019 / Notices
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Rehabilitative Services.
[FR Doc. 2019–11226 Filed 5–29–19; 8:45 am]
BILLING CODE 4000–01–P
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DEPARTMENT OF ENERGY
Federal Energy Regulatory
Commission
[Docket No. IC19–17–000]
Commission Information Collection
Activities (FERC Form No. 60, FERC–
61, and FERC–555A); Comment
Request
Federal Energy Regulatory
Commission, DOE.
ACTION: Comment request.
AGENCY:
In compliance with the
requirements of the Paperwork
Reduction Act of 1995, 44 U.S.C.
3507(a)(1)(D), the Federal Energy
Regulatory Commission (Commission or
FERC) is submitting the information
collections below to the Office of
Management and Budget (OMB) for
review of the information collection
requirements. Any interested person
may file comments directly with OMB
and should address a copy of those
comments to the Commission as
explained below. The Commission
previously published a Notice in the
Federal Register 84 FR 10308, 3/20/
2019) requesting public comments. The
Commission received no comments on
the FERC Form No. 60, FERC–61, or
FERC–555A and is making this notation
in its submittal to OMB.
DATES: Comments on the collection of
information are due by July 1, 2019.
ADDRESSES: Comments filed with OMB,
identified by the OMB Control No.
1902–0215 (FERC Form No. 60, FERC–
61, or FERC–555A) should be sent via
email to the Office of Information and
Regulatory Affairs: oira_submission@
omb.gov. Attention: Federal Energy
Regulatory Commission Desk Officer.
The Desk Officer may also be reached
via telephone at 202–395–0710.
A copy of the comments should also
be sent to the Commission, in Docket
No. IC19–17–000, by either of the
following methods:
• eFiling at Commission’s website:
https://www.ferc.gov/docs-filing/
efiling.asp.
• Mail/Hand Delivery/Courier:
Federal Energy Regulatory Commission,
Secretary of the Commission, 888 First
Street NE, Washington, DC 20426.
Instructions: All submissions must be
formatted and filed in accordance with
submission guidelines at: https://
www.ferc.gov/help/submissionguide.asp. For user assistance contact
FERC Online Support by email at
ferconlinesupport@ferc.gov, or by phone
at: (866) 208–3676 (toll-free), or (202)
502–8659 for TTY.
SUMMARY:
PO 00000
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25037
Docket: Users interested in receiving
automatic notification of activity in this
docket or in viewing/downloading
comments and issuances in this docket
may do so at https://www.ferc.gov/docsfiling/docs-filing.asp.
FOR FURTHER INFORMATION CONTACT:
Ellen Brown may be reached by email
at DataClearance@FERC.gov, by
telephone at (202) 502–8663, and by fax
at (202) 273–0873.
SUPPLEMENTARY INFORMATION:
Type of Request: Three-year extension
of the information collection
requirements for all collections
described below with no changes to the
current reporting requirements. Please
note that each collection is distinct from
the next.
Comments: Comments are invited on:
(1) Whether the collections of
information are necessary for the proper
performance of the functions of the
Commission, including whether the
information will have practical utility;
(2) the accuracy of the agency’s
estimates of the burden and cost of the
collections of information, including the
validity of the methodology and
assumptions used; (3) ways to enhance
the quality, utility and clarity of the
information collections; and (4) ways to
minimize the burden of the collections
of information on those who are to
respond, including the use of automated
collection techniques or other forms of
information technology.
FERC Form No. 60 1 (Annual Report of
Centralized Service Companies), FERC–
61 (Narrative Description of Service
Company Functions), and FERC–555A
(Preservation of Records Companies
and Service Companies Subject to
PUHCA)
OMB Control No.: 1902–0215.
Abstract: In accordance with the
Energy Policy Act of 2005 (EPAct 2005),
the Commission implemented the repeal
of the Public Utility Holding Company
Act of 1935 (PUHCA 1935) and
1 The Form No. 60 is also part of a Commission
Notice of Proposed Rulemaking (NOPR) issued on
January 17, 2019 in Docket No. RM19–12 that
includes 10 information collections. See Revisions
to the Filing Process for Commission Forms, 166
FERC ¶ 61,027 (2019). The NOPR proposes to
change the format of the information that is being
collected from a Commission-distributed software
application called Visual FoxPro (VFP) to a
standard built on eXtensible Business Reporting
Language (XBRL). Under the NOPR, the
Commission is not proposing to change the
information currently collected in the Form No. 60
(or in any of the VFP Forms), but rather to change
the format of the information that is being collected
from VFP to XBRL. Because there can be only one
pending item per OMB Control No. pending OMB
review at one time, the Form No. 60 is represented
in the RM19–12 NOPR process as the ‘‘Form No.
60–A.’’
E:\FR\FM\30MYN1.SGM
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Federal Register / Vol. 84, No. 104 / Thursday, May 30, 2019 / Notices
implemented the provisions of a newly
enacted Public Utility Holding
Company Act 2005 (PUHCA 2005).
Pursuant to PUHCA 2005, the
Commission requires centralized service
companies to file the Form No. 60,
unless the company is exempted or
granted a waiver pursuant to the
Commission’s regulations. The
information collected in Form No. 60
enables better monitoring for crosssubsidization, and aids the Commission
in carrying out its statutory
responsibilities. In addition, centralized
service companies are required to follow
the Commission’s preservation of
records requirements for centralized
service companies.
FERC Form No. 60
Form No. 60 is an annual reporting
requirement for centralized service
companies set forth in 18 CFR 366.23.
The report’s function is to collect
financial information (including balance
sheet, assets, liabilities, billing and
charges for associated and nonassociated companies) from centralized
service companies subject to the
Commission’s jurisdiction. Unless the
Commission exempts or grants a waiver
pursuant to 18 CFR 366.3 and 366.4 to
the holding company system, every
centralized service company in a
holding company system must prepare
and file electronically with the FERC
the Form No. 60, pursuant to the
General Instructions in the form.
FERC–61
FERC–61 is a filing requirement for
service companies in holding company
systems (including special purpose
companies) that are currently exempt or
granted a waiver of FERC’s regulations
and would not have to file the FERC
Form No. 60. Instead, those service
companies are required to file, on an
annual basis, a narrative description of
the service company’s functions during
the prior calendar year (FERC–61). In
complying, a holding company may
make a single filing on behalf of all of
its service company subsidiaries.
FERC–555A
The Commission’s regulations
prescribe a mandated preservation of
records requirements for holding
companies and service companies
(unless otherwise exempted by FERC).
This requires them to maintain and
make available to FERC, their books and
records. The preservation of records
requirement provides for uniform
records retention by holding companies
and centralized service companies
subject to PUHCA 2005.
Data from the FERC Form No. 60,
FERC–61, and FERC–555A provide a
level of transparency that: (1) Helps
protect ratepayers from pass-through of
improper service company costs, (2)
enables the Commission to review and
determine cost allocations (among
holding company members) for certain
non-power goods and services, (3) aids
the Commission in meeting its oversight
and market monitoring obligations, and
(4) benefits the public, both as
ratepayers and investors. In addition,
the Commission’s audit staff uses these
records during compliance reviews and
special analyses.
If data from the FERC Form No. 60,
FERC–61, and FERC–555A were not
available, it would be difficult for the
Commission to meet its statutory
responsibilities under EPAct 1992,
EPAct of 2005, and PUHCA 2005, and
the Commission would have fewer of
the regulatory mechanisms necessary to
ensure transparency and protect
ratepayers.
Type of Respondent: Centralized
service companies.
Estimate of Annual Burden: The
Commission estimates the annual public
reporting burden for the information
collection as:
FERC FORM NO. 60 (ANNUAL REPORT OF CENTRALIZED SERVICE COMPANIES), FERC–61 (NARRATIVE DESCRIPTION OF
SERVICE COMPANY FUNCTIONS), AND FERC–555A (PRESERVATION OF RECORDS HOLDING COMPANIES AND SERVICE COMPANIES SUBJECT TO PUHCA)
Form No. 60 4 .........................
Form No. 61 5 .........................
Form No. 555A 6 ....................
Number of
respondents
Annual
number of
responses
per
respondent
Total number
of responses
Average burden and
cost per response 2
Total annual burden
hours and total
annual cost
Cost per
respondent
($)
(1)
(2)
(1) * (2) = (3)
(4)
(3) *(4) = (5)
(5) ÷ (1) 3
75 hrs.; $4,749 ........
0.5 hrs.; $19.84 .......
1,080 hrs.; $36,061
2,925 hrs.; $185,211 .........
39 hrs.; $1,548 ..................
126,360 hrs.; $4,219,160 ..
39
78
117
1
1
1
39
78
117
Total Paperwork Burden
234
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2 The
estimates for cost per response are derived
using the following formula: Average Burden Hours
per Response * $79.00/hour = Average cost/
response. The figure is the 2018 FERC average
hourly cost (for wages and benefits) of $79.00 (and
an average annual salary of $164,820/year).
Commission staff is using the FERC average salary
because we consider any reporting requirements
completed in response to the FERC–537 to be
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19:36 May 29, 2019
Jkt 247001
126,360 hrs.; $4,405,919 ..
compensated at rates similar to the work of FERC
employees.
3 Each of the figures in this column are rounded
to the nearest dollar.
4 For the FERC Form No. 60, the $63.32 hourly
cost figure comes from the average cost (wages plus
benefits) of a utility management analyst
(Occupation Code 13–1111) and an accountant
(Occupation Code 13–2011) as posted on the
Bureau of Labor Statistics (BLS) website (https://
www.bls.gov/oes/current/naics2_22.htm).
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$4,749
19.84
36,061
5 For the FERC–61, the $39.68 hourly cost figure
comes from the cost of a records clerk (Occupation
Code 43–4199) as posted on the BLS website
(https://www.bls.gov/oes/current/naics2_22.htm).
6 For the FERC–555A, the $33.39 hourly cost
figure comes from the average cost (wages plus
benefits) of a file clerk (Occupation Code 43–4071)
as posted on the BLS website (https://www.bls.gov/
oes/current/naics2_22.htm).
E:\FR\FM\30MYN1.SGM
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Federal Register / Vol. 84, No. 104 / Thursday, May 30, 2019 / Notices
25039
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FERC–555A RECORD RETENTION REQUIREMENTS
Total number of
responses
Cost per
respondent
Total annual
burden hours
and total
annual cost
(1) * (2) = (3)
(4)
(3) * (4) = (5)
Paper Storage ............................................................................................................
Electronic Storage .....................................................................................................
117
117
Total Storage Burden .........................................................................................
7 117
Total Annual Cost: $4,409,919
(Paperwork Burden) + $47,133.45
(Record Retention) = $4,453,052.45.
A more accurate breakdown of the
FERC–60/61/555A cost categories
follows:
Labor Cost: The total estimated annual
cost for labor burden to respondents
is $4,405,919 [$185,211 (FERC Form
No. 60) + $1,548 (FERC–61) +
$4,219,160 (FERC–555A)]
FERC Form No. 60: 2,925 hours (75
hours × 39 respondents) * $63.32/
hour = $185,211
FERC–61: 39 hours (.5 hours × 78
respondents) * $39.68/hour = $1,548
FERC–555A: 126,360 hours (1,080 hours
× 117 respondents) * $33.39/hour =
$4,219,160
Storage Cost: 8 In addition to the labor
(burden cost provided above) the table
reflects an additional cost for record
retention and storage:
• Paper storage costs (using an
estimate of 60 cubic feet × $6.46 per
cubic foot): $387.60 per respondent
annually. Total annual paper storage
cost to industry ($387.60 × 117
respondents): $45,349.20. This estimate
assumes that a respondent stores the
same volume of paper as it did in the
past and that the cost of such storage
has not changed. We expect that this
estimate should trend downward over
time as more companies move away
from paper storage and rely more
heavily on electronic storage.
• Electronic storage costs: $15.25 per
respondent annually. Total annual
electronic storage cost to industry
($15.25 × 117 respondents): $1,784.25.
This calculation retains the previous
estimate that storage of 1GB per year
cost of $15.25. We expect that this
estimate should trend downward over
time as the cost of electronic storage
technology, including cloud storage,
continues to decrease. For example,
external hard drives of approximately
7 Each of the 117 entities is assumed to have both
paper and electronic record retention.
8 Internal analysis assumes 50% paper storage
and 50% electronic storage.
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18:08 May 29, 2019
Jkt 247001
500GB are available for approximately
$50. In addition, cloud storage plans
from multiple providers for 1TB of
storage (with a reasonable amount of
requests and data transfers) are available
for less than $35 per month.
Dated: May 21, 2019.
Kimberly D. Bose,
Secretary.
[FR Doc. 2019–11175 Filed 5–29–19; 8:45 am]
BILLING CODE 6717–01–P
ENVIRONMENTAL PROTECTION
AGENCY
[EPA–HQ–OAR–2008–0655; FRL–9990–22–
OEI]
Information Collection Request
Submitted to OMB for Review and
Approval; Comment Request;
GreenChill Advanced Refrigeration
Partnership (Renewal)
Environmental Protection
Agency (EPA).
ACTION: Notice.
AGENCY:
The Environmental Protection
Agency (EPA) has submitted an
information collection request (ICR),
GreenChill Advanced Refrigeration
Partnership (EPA ICR Number 2349.02,
OMB Control Number 2060–0702) to the
Office of Management and Budget
(OMB) for review and approval in
accordance with the Paperwork
Reduction Act. This is a proposed
extension of the ICR, which is currently
approved through May 31, 2019. Public
comments were previously requested
via the Federal Register on August 20,
2018, during a 60-day comment period.
This notice allows for an additional 30
days for public comments. A fuller
description of the ICR is given below,
including its estimated burden and cost
to the public. An agency may not
conduct or sponsor and a person is not
required to respond to a collection of
information unless it displays a
currently valid OMB control number.
DATES: Additional comments may be
submitted on or before July 1, 2019.
SUMMARY:
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Frm 00012
Fmt 4703
Sfmt 4703
$387.60
15.25
$45,349.20
1,784.25
47,133.45
Submit your comments,
referencing Docket ID Number EPA–
HQ–OAR–2008–0655, to (1) EPA online
using www.regulations.gov (our
preferred method), by email to a-and-rdocket@epa.gov, or by mail to: EPA
Docket Center, Environmental
Protection Agency, Mail Code 28221T,
1200 Pennsylvania Ave. NW,
Washington, DC 20460, and (2) OMB via
email to oira_submission@omb.eop.gov.
Address comments to OMB Desk Officer
for EPA.
EPA’s policy is that all comments
received will be included in the public
docket without change including any
personal information provided, unless
the comment includes profanity, threats,
information claimed to be Confidential
Business Information (CBI) or other
information whose disclosure is
restricted by statute.
FOR FURTHER INFORMATION CONTACT:
Tom Land, Stratospheric Protection
Division, Office of Atmospheric
Programs (Mail Code 6205T),
Environmental Protection Agency, 1200
Pennsylvania Ave. NW, Washington, DC
20460; telephone number: (202) 343–
9185; fax number: (202) 343–2362;
email address: land.tom@epa.gov.
SUPPLEMENTARY INFORMATION:
Supporting documents, which explain
in detail the information that the EPA
will be collecting, are available in the
public docket for this ICR. The docket
can be viewed online at
www.regulations.gov or in person at the
EPA Docket Center, WJC West, Room
3334, 1301 Constitution Ave. NW,
Washington, DC. The telephone number
for the Docket Center is 202–566–1744.
For additional information about EPA’s
public docket, visit https://www.epa.gov/
dockets.
Abstract: GreenChill is a voluntary
partnership program sponsored by the
U.S. Environmental Protection Agency
(EPA) that encourages supermarket
companies to adopt cost effective
technologies and practices that reduce
refrigerant emissions and improve
operational efficiency. The GreenChill
Program works with the supermarket
ADDRESSES:
E:\FR\FM\30MYN1.SGM
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]]>Agencies
[Federal Register Volume 84, Number 104 (Thursday, May 30, 2019)]
[Notices]
[Pages 25037-25039]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-11175]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF ENERGY
Federal Energy Regulatory Commission
[Docket No. IC19-17-000]
Commission Information Collection Activities (FERC Form No. 60,
FERC-61, and FERC-555A); Comment Request
AGENCY: Federal Energy Regulatory Commission, DOE.
ACTION: Comment request.
-----------------------------------------------------------------------
SUMMARY: In compliance with the requirements of the Paperwork Reduction
Act of 1995, 44 U.S.C. 3507(a)(1)(D), the Federal Energy Regulatory
Commission (Commission or FERC) is submitting the information
collections below to the Office of Management and Budget (OMB) for
review of the information collection requirements. Any interested
person may file comments directly with OMB and should address a copy of
those comments to the Commission as explained below. The Commission
previously published a Notice in the Federal Register 84 FR 10308, 3/
20/2019) requesting public comments. The Commission received no
comments on the FERC Form No. 60, FERC-61, or FERC-555A and is making
this notation in its submittal to OMB.
DATES: Comments on the collection of information are due by July 1,
2019.
ADDRESSES: Comments filed with OMB, identified by the OMB Control No.
1902-0215 (FERC Form No. 60, FERC-61, or FERC-555A) should be sent via
email to the Office of Information and Regulatory Affairs:
[email protected]. Attention: Federal Energy Regulatory
Commission Desk Officer. The Desk Officer may also be reached via
telephone at 202-395-0710.
A copy of the comments should also be sent to the Commission, in
Docket No. IC19-17-000, by either of the following methods:
eFiling at Commission's website: https://www.ferc.gov/docs-filing/efiling.asp.
Mail/Hand Delivery/Courier: Federal Energy Regulatory
Commission, Secretary of the Commission, 888 First Street NE,
Washington, DC 20426.
Instructions: All submissions must be formatted and filed in
accordance with submission guidelines at: https://www.ferc.gov/help/submission-guide.asp. For user assistance contact FERC Online Support
by email at [email protected], or by phone at: (866) 208-3676
(toll-free), or (202) 502-8659 for TTY.
Docket: Users interested in receiving automatic notification of
activity in this docket or in viewing/downloading comments and
issuances in this docket may do so at https://www.ferc.gov/docs-filing/docs-filing.asp.
FOR FURTHER INFORMATION CONTACT: Ellen Brown may be reached by email at
[email protected], by telephone at (202) 502-8663, and by fax at
(202) 273-0873.
SUPPLEMENTARY INFORMATION:
Type of Request: Three-year extension of the information collection
requirements for all collections described below with no changes to the
current reporting requirements. Please note that each collection is
distinct from the next.
Comments: Comments are invited on: (1) Whether the collections of
information are necessary for the proper performance of the functions
of the Commission, including whether the information will have
practical utility; (2) the accuracy of the agency's estimates of the
burden and cost of the collections of information, including the
validity of the methodology and assumptions used; (3) ways to enhance
the quality, utility and clarity of the information collections; and
(4) ways to minimize the burden of the collections of information on
those who are to respond, including the use of automated collection
techniques or other forms of information technology.
FERC Form No. 60 \1\ (Annual Report of Centralized Service Companies),
FERC-61 (Narrative Description of Service Company Functions), and FERC-
555A (Preservation of Records Companies and Service Companies Subject
to PUHCA)
---------------------------------------------------------------------------
\1\ The Form No. 60 is also part of a Commission Notice of
Proposed Rulemaking (NOPR) issued on January 17, 2019 in Docket No.
RM19-12 that includes 10 information collections. See Revisions to
the Filing Process for Commission Forms, 166 FERC ] 61,027 (2019).
The NOPR proposes to change the format of the information that is
being collected from a Commission-distributed software application
called Visual FoxPro (VFP) to a standard built on eXtensible
Business Reporting Language (XBRL). Under the NOPR, the Commission
is not proposing to change the information currently collected in
the Form No. 60 (or in any of the VFP Forms), but rather to change
the format of the information that is being collected from VFP to
XBRL. Because there can be only one pending item per OMB Control No.
pending OMB review at one time, the Form No. 60 is represented in
the RM19-12 NOPR process as the ``Form No. 60-A.''
---------------------------------------------------------------------------
OMB Control No.: 1902-0215.
Abstract: In accordance with the Energy Policy Act of 2005 (EPAct
2005), the Commission implemented the repeal of the Public Utility
Holding Company Act of 1935 (PUHCA 1935) and
[[Page 25038]]
implemented the provisions of a newly enacted Public Utility Holding
Company Act 2005 (PUHCA 2005). Pursuant to PUHCA 2005, the Commission
requires centralized service companies to file the Form No. 60, unless
the company is exempted or granted a waiver pursuant to the
Commission's regulations. The information collected in Form No. 60
enables better monitoring for cross-subsidization, and aids the
Commission in carrying out its statutory responsibilities. In addition,
centralized service companies are required to follow the Commission's
preservation of records requirements for centralized service companies.
FERC Form No. 60
Form No. 60 is an annual reporting requirement for centralized
service companies set forth in 18 CFR 366.23. The report's function is
to collect financial information (including balance sheet, assets,
liabilities, billing and charges for associated and non-associated
companies) from centralized service companies subject to the
Commission's jurisdiction. Unless the Commission exempts or grants a
waiver pursuant to 18 CFR 366.3 and 366.4 to the holding company
system, every centralized service company in a holding company system
must prepare and file electronically with the FERC the Form No. 60,
pursuant to the General Instructions in the form.
FERC-61
FERC-61 is a filing requirement for service companies in holding
company systems (including special purpose companies) that are
currently exempt or granted a waiver of FERC's regulations and would
not have to file the FERC Form No. 60. Instead, those service companies
are required to file, on an annual basis, a narrative description of
the service company's functions during the prior calendar year (FERC-
61). In complying, a holding company may make a single filing on behalf
of all of its service company subsidiaries.
FERC-555A
The Commission's regulations prescribe a mandated preservation of
records requirements for holding companies and service companies
(unless otherwise exempted by FERC). This requires them to maintain and
make available to FERC, their books and records. The preservation of
records requirement provides for uniform records retention by holding
companies and centralized service companies subject to PUHCA 2005.
Data from the FERC Form No. 60, FERC-61, and FERC-555A provide a
level of transparency that: (1) Helps protect ratepayers from pass-
through of improper service company costs, (2) enables the Commission
to review and determine cost allocations (among holding company
members) for certain non-power goods and services, (3) aids the
Commission in meeting its oversight and market monitoring obligations,
and (4) benefits the public, both as ratepayers and investors. In
addition, the Commission's audit staff uses these records during
compliance reviews and special analyses.
If data from the FERC Form No. 60, FERC-61, and FERC-555A were not
available, it would be difficult for the Commission to meet its
statutory responsibilities under EPAct 1992, EPAct of 2005, and PUHCA
2005, and the Commission would have fewer of the regulatory mechanisms
necessary to ensure transparency and protect ratepayers.
Type of Respondent: Centralized service companies.
Estimate of Annual Burden: The Commission estimates the annual
public reporting burden for the information collection as:
FERC Form No. 60 (Annual Report of Centralized Service Companies), FERC-61 (Narrative Description of Service Company Functions), and FERC-555A
(Preservation of Records Holding Companies and Service Companies Subject to PUHCA)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Annual
number of Cost per
Number of responses Total number Average burden and cost Total annual burden hours respondent
respondents per of responses per response \2\ and total annual cost ($)
respondent
(1) (2) (1) * (2) = (4)........................ (3) *(4) = (5)............ (5) / (1)
(3) \3\
--------------------------------------------------------------------------------------------------------------------------------------------------------
Form No. 60 \4\......................... 39 1 39 75 hrs.; $4,749............ 2,925 hrs.; $185,211...... $4,749
Form No. 61 \5\......................... 78 1 78 0.5 hrs.; $19.84........... 39 hrs.; $1,548........... 19.84
Form No. 555A \6\....................... 117 1 117 1,080 hrs.; $36,061........ 126,360 hrs.; $4,219,160.. 36,061
---------------------------------------------------------------------------------------------------------------
Total Paperwork Burden.............. 234 126,360 hrs.; $4,405,919..
--------------------------------------------------------------------------------------------------------------------------------------------------------
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\2\ The estimates for cost per response are derived using the
following formula: Average Burden Hours per Response * $79.00/hour =
Average cost/response. The figure is the 2018 FERC average hourly
cost (for wages and benefits) of $79.00 (and an average annual
salary of $164,820/year). Commission staff is using the FERC average
salary because we consider any reporting requirements completed in
response to the FERC-537 to be compensated at rates similar to the
work of FERC employees.
\3\ Each of the figures in this column are rounded to the
nearest dollar.
\4\ For the FERC Form No. 60, the $63.32 hourly cost figure
comes from the average cost (wages plus benefits) of a utility
management analyst (Occupation Code 13-1111) and an accountant
(Occupation Code 13-2011) as posted on the Bureau of Labor
Statistics (BLS) website (https://www.bls.gov/oes/current/naics2_22.htm).
\5\ For the FERC-61, the $39.68 hourly cost figure comes from
the cost of a records clerk (Occupation Code 43-4199) as posted on
the BLS website (https://www.bls.gov/oes/current/naics2_22.htm).
\6\ For the FERC-555A, the $33.39 hourly cost figure comes from
the average cost (wages plus benefits) of a file clerk (Occupation
Code 43-4071) as posted on the BLS website (https://www.bls.gov/oes/current/naics2_22.htm).
[[Page 25039]]
FERC-555A Record Retention Requirements
----------------------------------------------------------------------------------------------------------------
Total annual
Total number of Cost per burden hours and
responses respondent total annual
cost
(1) * (2) = (3) (4) (3) * (4) = (5)
----------------------------------------------------------------------------------------------------------------
Paper Storage.......................................... 117 $387.60 $45,349.20
Electronic Storage..................................... 117 15.25 1,784.25
--------------------------------------------------------
Total Storage Burden............................... \7\ 117 47,133.45
----------------------------------------------------------------------------------------------------------------
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\7\ Each of the 117 entities is assumed to have both paper and
electronic record retention.
---------------------------------------------------------------------------
Total Annual Cost: $4,409,919 (Paperwork Burden) + $47,133.45
(Record Retention) = $4,453,052.45.
A more accurate breakdown of the FERC-60/61/555A cost categories
follows:
Labor Cost: The total estimated annual cost for labor burden to
respondents is $4,405,919 [$185,211 (FERC Form No. 60) + $1,548 (FERC-
61) + $4,219,160 (FERC-555A)]
FERC Form No. 60: 2,925 hours (75 hours x 39 respondents) * $63.32/hour
= $185,211
FERC-61: 39 hours (.5 hours x 78 respondents) * $39.68/hour = $1,548
FERC-555A: 126,360 hours (1,080 hours x 117 respondents) * $33.39/hour
= $4,219,160
Storage Cost: \8\ In addition to the labor (burden cost provided
above) the table reflects an additional cost for record retention and
storage:
---------------------------------------------------------------------------
\8\ Internal analysis assumes 50% paper storage and 50%
electronic storage.
---------------------------------------------------------------------------
Paper storage costs (using an estimate of 60 cubic feet x
$6.46 per cubic foot): $387.60 per respondent annually. Total annual
paper storage cost to industry ($387.60 x 117 respondents): $45,349.20.
This estimate assumes that a respondent stores the same volume of paper
as it did in the past and that the cost of such storage has not
changed. We expect that this estimate should trend downward over time
as more companies move away from paper storage and rely more heavily on
electronic storage.
Electronic storage costs: $15.25 per respondent annually.
Total annual electronic storage cost to industry ($15.25 x 117
respondents): $1,784.25. This calculation retains the previous estimate
that storage of 1GB per year cost of $15.25. We expect that this
estimate should trend downward over time as the cost of electronic
storage technology, including cloud storage, continues to decrease. For
example, external hard drives of approximately 500GB are available for
approximately $50. In addition, cloud storage plans from multiple
providers for 1TB of storage (with a reasonable amount of requests and
data transfers) are available for less than $35 per month.
Dated: May 21, 2019.
Kimberly D. Bose,
Secretary.
[FR Doc. 2019-11175 Filed 5-29-19; 8:45 am]
BILLING CODE 6717-01-P
