Notice of Revocation of Market-Based Rate Authority and Termination of Electric Market-Based Rate Tariff, 92926 [2024-27576]
Download as PDF
<![CDATA[
92926
Federal Register / Vol. 89, No. 227 / Monday, November 25, 2024 / Notices
endorser, surety, or otherwise in respect
of any security of another person, until
the public utility applies for and
receives Commission approval by order
authorizing the issuance or assumption
of the liability. The Commission issues
an order if it finds that such issuance or
assumption (a) is for lawful object,
within the corporate purposes of the
applicant and compatible with the
public interest, which is necessary or
appropriate for or consistent with the
proper performance by the applicant as
a public utility, and which will not
impair its ability to perform that service,
and (b) is reasonably necessary or
appropriate for such purposes.
Title:
FERC–523, Application for
Authorization for the Issuance of
Securities or the Assumption of
Liabilities.
OMB Control No.: 1902–0043.
Type of Request: Three-year approval
of the FERC–523 information collection
requirements with no changes to the
current reporting requirements.
Abstract: The information collected
by FERC–523 is required to implement
the statutory provisions of section 204
of the Federal Power Act (FPA) (16
U.S.C. 824c). Under section 204 of the
FPA, no public utility or licensee shall
issue any security, or assume any
obligation or liability as guarantor,
SUPPLEMENTARY INFORMATION:
The Commission uses the information
contained in filings to determine its
acceptance and/or rejection of
applications for authorization to either
issue securities or to assume an
obligation or liability by the public
utilities and licensees who submit these
applications.
The specific application requirements
and filing format are found at 18 CFR
part 34, and 18 CFR 131.43 and 131.50.
This information is filed electronically.
Type of Respondents: Public utilities
subject to the Federal Power Act.
Estimate of Annual Burden 1 and
Cost: 2 The Commission estimates the
reduction in the annual public reporting
burden for the FERC–523, as follows:
FERC–523—APPLICATION FOR AUTHORIZATION FOR ISSUANCE OF SECURITIES OR THE ASSUMPTION OF LIABILITIES
Number of respondents
Annual number of
responses
per respondent
Total number of
responses
Average burden hrs. &
cost ($) per response
Total annual burden hrs. &
total annual cost
($)
Cost per
respondent
($)
(1)
(2)
(1) * (2) = (3)
(3) * (4) = (5)
(5) ÷ (1))
70 hrs.; $7,000 ..................
5,040 hrs.; $504,000 .........
72 .......................................
1
Comments: Comments are invited on:
(1) whether the collection of
information is 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 estimate
of the burden and cost of the collection
of information, including the validity of
the methodology and assumptions used;
(3) ways to enhance the quality, utility
and clarity of the information collection;
and (4) ways to minimize the burden of
the collection of information on those
who are to respond, including the use
of automated collection techniques or
other forms of information technology.
Dated: November 18, 2024.
Debbie-Anne A. Reese,
Secretary.
[FR Doc. 2024–27473 Filed 11–22–24; 8:45 am]
BILLING CODE 6717–01–P
72
DEPARTMENT OF ENERGY
Federal Energy Regulatory
Commission
Notice of Revocation of Market-Based
Rate Authority and Termination of
Electric Market-Based Rate Tariff
Docket Nos.
Electric Quarterly Reports
Astral Energy LLC .............
Clear Green Energy LLC ...
GP Energy Management
LLC.
Mega Energy Holdings
LLC.
Planet Energy (Maryland)
Corp.
Planet Energy (New York)
Corp.
Planet Energy (Pennsylvania) Corp.
Planet Energy (USA) Corp
Power Supply Services
LLC.
Relief Energy LLC .............
The Valence Group, LLC ..
ER02–2001–020
ER14–519–000
ER23–946–000
ER15–230–000
ER13–1298–001
ER11–2168–001
ER11–2179–001
ER11–2167–001
ER11–2166–001
ER12–862–000
ER23–945–000
ER22–549–000
$7,000
revoke the market-based rate authority
of several public utilities that had failed
to file their required Electric Quarterly
Reports.1 The Commission directed
those public utilities to file the required
Electric Quarterly Reports within 15
days of the date of issuance of the order
or face revocation of their authority to
sell power at market-based rates and
termination of their electric marketbased rate tariffs.2
The time period for compliance with
the October 23 Order has elapsed. The
above-captioned companies failed to file
their delinquent Electric Quarterly
Reports. The Commission hereby
revokes, effective as of the date of
issuance of this notice, the market-based
rate authority and terminates the
electric market-based rate tariff of each
of the companies who are named in the
caption of this order.
Dated: November 19, 2024.
Debbie-Anne A. Reese,
Secretary.
[FR Doc. 2024–27576 Filed 11–22–24; 8:45 am]
khammond on DSK9W7S144PROD with NOTICES
On October 23, 2024, the Commission
issued an order announcing its intent to
1 Burden is defined as the total time, effort, or
financial resources expended by persons to
generate, maintain, retain, or disclose or provide
information to or for a federal agency. For further
explanation of what is included in the information
collection burden, refer to 5 CFR 1320.3.
VerDate Sep<11>2014
18:29 Nov 22, 2024
Jkt 265001
2 Commission staff estimates that the industry’s
skill set and cost (for wages and benefits) for FERC–
523 are approximately the same as the
Commission’s average cost. The FERC 2024 average
salary plus benefits for one FERC full-time
PO 00000
Frm 00043
Fmt 4703
Sfmt 4703
BILLING CODE 6717–01–P
equivalent (FTE) is $207,786/year (or $100.00/
hour).
1 Electric Quarterly Reports, 189 FERC ¶ 61,050
(2024) (October 23 Order).
2 Id. at Ordering Paragraph A.
E:\FR\FM\25NON1.SGM
25NON1
]]>Agencies
[Federal Register Volume 89, Number 227 (Monday, November 25, 2024)]
[Notices]
[Page 92926]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-27576]
-----------------------------------------------------------------------
DEPARTMENT OF ENERGY
Federal Energy Regulatory Commission
Notice of Revocation of Market-Based Rate Authority and
Termination of Electric Market-Based Rate Tariff
------------------------------------------------------------------------
Docket Nos.
------------------------------------------------------------------------
Electric Quarterly Reports............. ER02-2001-020
Astral Energy LLC...................... ER14-519-000
Clear Green Energy LLC................. ER23-946-000
GP Energy Management LLC............... ER15-230-000
Mega Energy Holdings LLC............... ER13-1298-001
Planet Energy (Maryland) Corp.......... ER11-2168-001
Planet Energy (New York) Corp.......... ER11-2179-001
Planet Energy (Pennsylvania) Corp...... ER11-2167-001
Planet Energy (USA) Corp............... ER11-2166-001
Power Supply Services LLC.............. ER12-862-000
Relief Energy LLC...................... ER23-945-000
The Valence Group, LLC................. ER22-549-000
------------------------------------------------------------------------
On October 23, 2024, the Commission issued an order announcing its
intent to revoke the market-based rate authority of several public
utilities that had failed to file their required Electric Quarterly
Reports.\1\ The Commission directed those public utilities to file the
required Electric Quarterly Reports within 15 days of the date of
issuance of the order or face revocation of their authority to sell
power at market-based rates and termination of their electric market-
based rate tariffs.\2\
---------------------------------------------------------------------------
\1\ Electric Quarterly Reports, 189 FERC ] 61,050 (2024)
(October 23 Order).
\2\ Id. at Ordering Paragraph A.
---------------------------------------------------------------------------
The time period for compliance with the October 23 Order has
elapsed. The above-captioned companies failed to file their delinquent
Electric Quarterly Reports. The Commission hereby revokes, effective as
of the date of issuance of this notice, the market-based rate authority
and terminates the electric market-based rate tariff of each of the
companies who are named in the caption of this order.
Dated: November 19, 2024.
Debbie-Anne A. Reese,
Secretary.
[FR Doc. 2024-27576 Filed 11-22-24; 8:45 am]
BILLING CODE 6717-01-P
