News Release for Final Rule in RM19-12

June 20, 2019
News Media Contact
Craig Cano | 202-502-8680
Docket No. RM19-12-000

FERC Acts to Modernize Process for Filing Commission Forms
The Federal Energy Regulatory Commission (FERC) is revising its electronic filing format for certain data collections to
make it easier for filers to submit and data users to analyze information. By modernizing FERC’s data collections and
making them more accessible, today’s final rule will increase efficiency in regulatory filings and business information
processing, further the goal of transparency, and decrease the costs, over time, of preparing the necessary data for
submission.
The rule adopts eXtensible Business Reporting Language (XBRL), a nonproprietary, open technology standard, as the
new filing format. XBRL will enhance system compatibility and security, and allow efficient sharing of data across
different information systems. Industry groups broadly supported the move to the new standard, which will be used for
filing Form Nos. 1, 1-F, 2, 2-A, 3-Q electric, 3-Q natural gas, 6, 6-Q, 60 and 714.
The next step is for FERC staff to develop a draft XBRL taxonomy that will be discussed at a future technical
conference. The Commission will collect additional comments before issuing a subsequent order to adopt the final
standard and establish an implementation schedule.

R-19-31

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