FERC-520, Application for Authority to Hold Interlocking Directorate Positions

Absent Commission authorization, section 305(b)(1) of the Federal Power Act (FPA) (with some exceptions) prohibits an officer or director of a public utility from holding the position of officer or director of more than one public utility, and prohibits an officer or director or a public utility from also holding the position of officer or director any one of the following entities: • Any bank, trust company, banking association, or firm that is authorized by law to underwrite or participate in the marketing of securities of a public utility; or • Any company supplying electrical equipment to such utility. In order to obtain Commission authorization to hold one or more of the prohibited positions, an applicant must provide information that enables the Commission to determine that neither public nor private interests will be adversely affected. FERC-520 consists of information collection activities that officers and directors of public utilities may use to seek authorization to hold interlocking positions. These activities take the form of a "full application," an "informational report," or a "notice of change."

The latest form for FERC-520, Application for Authority to Hold Interlocking Directorate Positions expires 2028-08-31 and can be found here.

Full Application

Federal Enterprise Architecture: Energy - Energy Supply