FERC Proposes Revised Reporting Requirements, Streamlined Data Collection Processes
The Federal Energy Regulatory Commission (FERC) today proposed to improve its surveillance of wholesale power markets by revising regulations to collect certain data for analytics and surveillance purposes and to change certain aspects of the substance and format of information submitted for market-based rate purposes.
Today’s Notice of Proposed Rulemaking (NOPR) attempts to avoid duplication, minimize compliance burdens, modernize data collections and make information collected through its programs more usable and accessible for the Commission and its staff. These data collection requirements would apply to all market-based rate sellers and entities trading virtual products or holding financial transmission rights.
The NOPR reflects departures from the September 2015 proposed rule on connected entity data (RM15-23-000), and it proposes to adopt changes similar to those in the December 2015 proposed rulemaking on ownership information in market-based rate filings (RM16-3-000). The NOPR includes a reworked and substantially narrowed definition of connected entity. It also proposes to adopt certain changes to reduce and clarify the scope of ownership information that market-based rate sellers must provide, revise the information required in asset appendices and eliminate the requirement from Order No. 816 that market-based rate sellers submit corporate organizational charts. The NOPR proposes that entities submit all of the information in a consolidated and streamlined manner.
FERC intends to conduct substantial outreach and convene technical workshops during which staff will seek input on the data dictionary and the submittal process. The first workshop on the data dictionary will be Thursday, August 11.
As a result of today’s NOPR, the Commission also withdrew the two earlier proposals (RM15-23-000 and RM16-3-000).
Comments on today’s NOPR are due 45 days from publication in the Federal Register.