92926 Federal Register / Vol. 89, No. 227 / Monday, November 25, 2024 / Notices 

1Burden is defined as the total time, effort, or 

financial resources expended by persons to 

generate, maintain, retain, or disclose or provide 

information to or for a federal agency. For further 

explanation of what is included in the information 

collection burden, refer to 5 CFR 1320.3. 

2Commission staff estimates that the industry’s 

skill set and cost (for wages and benefits) for FERC– 

523 are approximately the same as the 

Commission’s average cost. The FERC 2024 average 

salary plus benefits for one FERC full-time 

equivalent (FTE) is $207,786/year (or $100.00/ 

hour). 

1Electric Quarterly Reports, 189 FERC ¶ 61,050 

(2024) (October 23 Order). 

2 Id. at Ordering Paragraph A. 

SUPPLEMENTARY INFORMATION: Title: 

FERC–523, Application for 

Authorization for the Issuance of 

Securities or the Assumption of 

Liabilities. 

OMB Control No.: 1902–0043. 

Type of Request: Three-year approval 

of the FERC–523 information collection 

requirements with no changes to the 

current reporting requirements. 

Abstract: The information collected 

by FERC–523 is required to implement 

the statutory provisions of section 204 

of the Federal Power Act (FPA) (16 

U.S.C. 824c). Under section 204 of the 

FPA, no public utility or licensee shall 

issue any security, or assume any 

obligation or liability as guarantor, 

endorser, surety, or otherwise in respect 

of any security of another person, until 

the public utility applies for and 

receives Commission approval by order 

authorizing the issuance or assumption 

of the liability. The Commission issues 

an order if it finds that such issuance or 

assumption (a) is for lawful object, 

within the corporate purposes of the 

applicant and compatible with the 

public interest, which is necessary or 

appropriate for or consistent with the 

proper performance by the applicant as 

a public utility, and which will not 

impair its ability to perform that service, 

and (b) is reasonably necessary or 

appropriate for such purposes. 

The Commission uses the information 

contained in filings to determine its 

acceptance and/or rejection of 

applications for authorization to either 

issue securities or to assume an 

obligation or liability by the public 

utilities and licensees who submit these 

applications. 

The specific application requirements 

and filing format are found at 18 CFR 

part 34, and 18 CFR 131.43 and 131.50. 

This information is filed electronically. 

Type of Respondents: Public utilities 

subject to the Federal Power Act. 

Estimate of Annual Burden 1 and 

Cost: 2 The Commission estimates the 

reduction in the annual public reporting 

burden for the FERC–523, as follows: 

FERC–523—APPLICATION FOR AUTHORIZATION FOR ISSUANCE OF SECURITIES OR THE ASSUMPTION OF LIABILITIES

Number of respondents 

Annual number of 

responses 

per respondent 

Total number of 

responses 

Average burden hrs. & 

cost ($) per response 

Total annual burden hrs. & 

total annual cost 

($) 

Cost per 

respondent 

($) 

(1) (2) (1) * (2) = (3) (3) * (4) = (5) (5) ÷ (1)) 

72 ....................................... 1 72 70 hrs.; $7,000 .................. 5,040 hrs.; $504,000 ......... $7,000 

Comments: Comments are invited on: 

(1) whether the collection of 

information is necessary for the proper 

performance of the functions of the 

Commission, including whether the 

information will have practical utility; 

(2) the accuracy of the agency’s estimate 

of the burden and cost of the collection 

of information, including the validity of 

the methodology and assumptions used; 

(3) ways to enhance the quality, utility 

and clarity of the information collection; 

and (4) ways to minimize the burden of 

the collection of information on those 

who are to respond, including the use 

of automated collection techniques or 

other forms of information technology. 

Dated: November 18, 2024. 

Debbie-Anne A. Reese, 

Secretary. 

[FR Doc. 2024–27473 Filed 11–22–24; 8:45 am] 

BILLING CODE 6717–01–P 

DEPARTMENT OF ENERGY 

Federal Energy Regulatory 

Commission 

Notice of Revocation of Market-Based 

Rate Authority and Termination of 

Electric Market-Based Rate Tariff 

Docket Nos. 

Electric Quarterly Reports ER02–2001–020 

Astral Energy LLC ............. ER14–519–000 

Clear Green Energy LLC ... ER23–946–000 

GP Energy Management 

LLC.

ER15–230–000 

Mega Energy Holdings 

LLC.

ER13–1298–001 

Planet Energy (Maryland) 

Corp.

ER11–2168–001 

Planet Energy (New York) 

Corp.

ER11–2179–001 

Planet Energy (Pennsylvania) Corp.ER11–2167–001 

Planet Energy (USA) Corp ER11–2166–001 

Power Supply Services 

LLC.

ER12–862–000 

Relief Energy LLC ............. ER23–945–000 

The Valence Group, LLC .. ER22–549–000 

On October 23, 2024, the Commission 

issued an order announcing its intent to 

revoke the market-based rate authority 

of several public utilities that had failed 

to file their required Electric Quarterly 

Reports.1 The Commission directed 

those public utilities to file the required 

Electric Quarterly Reports within 15 

days of the date of issuance of the order 

or face revocation of their authority to 

sell power at market-based rates and 

termination of their electric marketbased rate tariffs.2

The time period for compliance with 

the October 23 Order has elapsed. The 

above-captioned companies failed to file 

their delinquent Electric Quarterly 

Reports. The Commission hereby 

revokes, effective as of the date of 

issuance of this notice, the market-based 

rate authority and terminates the 

electric market-based rate tariff of each 

of the companies who are named in the 

caption of this order. 

Dated: November 19, 2024. 

Debbie-Anne A. Reese, 

Secretary. 

[FR Doc. 2024–27576 Filed 11–22–24; 8:45 am] 

BILLING CODE 6717–01–P 


khammond on DSK9W7S144PROD with NOTICES