[Federal Register Volume 66, Number 103 (Tuesday, May 29, 2001)]
[Notices]
[Pages 29098-29099]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-13356]


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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

[Docket No. IC01-523-001, FERC-523]


Information Collection Submitted for Review and Request for 
Comments

May 22, 2001.
AGENCY: Federal Energy Regulatory Commission.

ACTION: Notice of submission for review by the Office of Management and 
Budget (OMB) and request for comments.

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SUMMARY: The Federal Energy Regulatory Commission (Commission) has 
submitted the energy information collection listed in this notice to 
the Office of Management and Budget (OMB) for review under provisions 
of section 3507 of the Paperwork Reduction Act of 1995 (Public Law 104-

[[Page 29099]]

13). Any interested person may file comments on the collection of 
information directly with OMB and should address a copy of those 
comments to the Commission as explained below. The Commission received 
no comments in response to an earlier Federal Register notice of 
February 1, 2001 (66 FR 8577-85-78) and has made this notation in its 
submission to OMB.

DATES: Comments regarding this collection of information are best 
assured of having their full effect if received within 30 days of this 
notification.

ADDRESSES: Address comments to Office of Management and Budget, Office 
of Information and Regulatory Affairs, Attention: Federal Energy 
Regulatory Commission, Desk Officer, 726 Jackson Place, NW., 
Washington, DC 20503. A copy of the comments should also be sent to 
Federal Energy Regulatory Commission, Office of the Chief Information 
Officer, Attention: Mr. Michael Miller, 888 First Street NE, 
Washington, D.C. 20426.

FOR FURTHER INFORMATION CONTACT: Michael Miller may be reached by 
telephone at (202) 208-1415, by fax at (202) 208-2425, and by e-mail at 
[email protected].

SUPPLEMENTARY INFORMATION:

Description

    The energy information collection submitted to OMB for review 
contains:
    1. Collection of Information: FERC-523 ``Securities 
Authorization''.
    2. Sponsor: Federal Energy Regulatory Commission.
    3. Control No: OMB No. 1902-0043. The Commission is now requesting 
that OMB approve a three-year extension of these mandatory information 
collection requirements.
    4. Necessity of Collection of Information: Submission of the 
information is necessary to enable the Commission to carry out its 
responsibilities in implementing the statutory provisions of sections 
19, 20 and 204 of the Federal Power Act (FPA). Under the FPA, a public 
utility or licensee must obtain Commission authorization for the 
issuance of securities or the assumption of liabilities pursuant to the 
sections identified above. Public utilities or licensees are not 
permitted to issue securities or assume any obligations or liabilities 
as guarantor, indorser, or surety or otherwise in respect of any other 
security of another person, unless and until, they have submitted an 
application to the Commission who in turn, issues an order authorizing 
assumption of the liability or issuance of the securities. The 
information filed in applications to the Commission is used to 
determine the Commission's acceptance and/or rejection for granting 
authorization for either issuances of securities or assumptions of 
obligations or liabilities to licensees and public utilities. The 
Commission implements these filing requirements in the Code of Federal 
Regulations (CFR) under 18 CFR parts 20, 34, 131.43, 131.50.
    5. Respondent Description: The respondent universe currently 
comprises on average, 90 respondents, an adjustment of 30 respondents 
from the Commission's initial notice.
    6. Estimated Burden: 9,900 total burden hours, 90 respondents, 90 
response annually (1 response per respondent), 110 hours per response 
(average).
    7. Estimated Cost Burden to Respondents: 9,900 hours2,080 
hours per year x $97,534 per year=$464,224.

    Statutory Authority: Sections 19, 20 and 204 of the Federal 
Power Act (FPA), 16 U.S.C. 792-828c.

David P. Boergers,
Secretary.
[FR Doc. 01-13356 Filed 5-25-01; 8:45 am]
BILLING CODE 6717-01-M