18 Cfr 260.401

§ 260.401

18 CFR Ch. I (4–1–12 Edition)

with the Commission. The documentation establishing the cash management
program and entry into the program
must be filed within 10 days of the effective date of the rule or entry into
the program. Subsequent changes to
the cash management agreement must
be filed with the Commission within 10
days of the change.
[Order 634–A, 68 FR 62003, Oct. 31, 2003, as
amended at 69 FR 9044, Feb. 26, 2004]

erowe on DSK2VPTVN1PROD with CFR

§ 260.401 FERC Form No. 552, Annual
Report of Natural Gas Transactions.
(a) Prescription. The annual report for
natural gas market participants, designated as FERC Form No. 552, is prescribed for the calendar year ending
December 31, 2008 and each calendar
year thereafter.
(b) Filing requirements—(1) Who must
file. Unless otherwise exempted or
granted a waiver by Commission rule
or order, each natural gas market participant, i.e., any buyer or seller that
engaged in physical natural gas transactions the previous calendar year,
must prepare and file with the Commission a FERC Form No. 552 pursuant
to the definitions and general instructions set forth in that form. However a

de minimis exemption, a natural gas
market participant is exempt from this
filing requirement if:
(i) It engages in reportable physical
natural gas sales that amount to less
than 2,200,000 MMBtus for the previous
calendar year; and
(ii) It engages in reportable physical
natural gas purchases that amount to
less than 2,200,000 MMBtus for the previous calendar year.
(2) Form No. 552 must be filed as prescribed in § 385.2011 of this chapter as
indicated in the General Instructions
set out in the annual reporting form,
and must be properly completed and
verified. Each market participant must
file Form No. 552 by May 1, 2009 for calendar year 2008 and by May 1 of each
year thereafter for the previous calendar year. Each report must be prepared in conformance with the Commission’s software and guidance posted
and available for downloading from the
FERC Web site (http://www.ferc.gov).
One copy of the report must be retained by the respondent in its files.
[73 FR 1031, January 4, 2008, as amended at 73
FR 55739, Sept. 26, 2008; Order 704–C, 75 FR
35643, June 23, 2010]

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