Annual Report of Natural Gas Transactions

Forms and Documents

Document Name	Status
Form FERC Form No. 552 Annual Report of Natural Gas Transactions Form and Instruction	Modified
EPACT 2005 Sect. 316(Sec 23 NGA).doc Supplementary Document	2010-06-24
Electronic Code of Federal Regulations.mht Supplementary Document	2010-06-24
RM07-10-002RehearingOMBjust.wpd.doc Supporting Statement A	2010-06-24

IC Document Collections

IC ID	Document Title	Status
183286	Annual Report of Natural Gas Transactions Form and Instruction	Modified

ICR Details

OMB Control No: 1902-0242	ICR Reference No: 201006-1902-007
Status: Historical Active	Previous ICR Reference No: 200809-1902-002
Agency/Subagency: FERC	Agency Tracking No: FERC-552
Title: Annual Report of Natural Gas Transactions
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 08/17/2010
	Date Received in OIRA: 06/24/2010
Terms of Clearance: In accordance with 5 CFR 1320, the information collection is approved for 2 years.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/2012	36 Months From Approved	12/31/2011
Responses	740	0	1,500
Time Burden (Hours)	2,960	0	6,000
Cost Burden (Dollars)	296,000	0	600,000

---

Abstract: FERC requires each holder of blanket marketing certificate authority or blanket unbundled sales services certificate authority to notify FERC as to whether it reports transactions to publishers of electricity or natural gas price indices and whether this reporting complies with certain standards. This is designed to permit an annual estimate of size of domestic natural gas market and use of index pricing in that market. In RM07-10-002 (Order No. 704-C), FERC revises Form No. 552 so as to (1) exempt from reporting any unexercised options to take gas under a take-or-release contract; (2) clarifies the definition of exempt unprocessed natural gas transactions as those involving gas that is both not yet processed (to separate and recover natural gas liquids), and still upstream of a processing facility; (3) exempts from reporting cash-out and imbalance transactions, since they were burdensome to report and provided little market information; (4) strikes the form’s references to the blanket sales certificates issued under § 284.402 or § 284.284, since they were burdensome to report and provided little market information, so as to also exempt small entities who were obligated to report solely by virtue of possessing a blanket sales certificate; and (5) makes several non-substantive modifications to Form No. 552 in an effort to make it more user-friendly.

---

Authorizing Statute(s): US Code: 15 USC 717t-2(new) Name of Law: Natural Gas Act
  

Citations for New Statutory Requirements: PL: Pub.L. 109 - 58 316 Name of Law: Energy Policy Act of 2005

---

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
1902-AD32	Final or interim final rulemaking	75 FR 35632	06/23/2010

---

Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? Yes

---

Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Annual Report of Natural Gas Transactions	FERC Form No. 552	Annual Report of Natural Gas Transactions

---

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	740	1,500	0	-760	0	0
Annual Time Burden (Hours)	2,960	6,000	0	-3,040	0	0
Annual Cost Burden (Dollars)	296,000	600,000	0	-304,000	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: Yes

Burden Reduction Due to: Changing Forms

Short Statement: The modifications made in this Final Rule on Rehearing will reduce the reporting burden estimates by reducing the number of entities who will have to file FERC Form No. 552 and reducing the information that must be filed.

---

Annual Cost to Federal Government: $65,088

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

---

Common Form ICR:  No

---

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 06/24/2010

---