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 Department of Energy Federal Energy Regulatory Commission [Docket No. IC-15-5-000]
 AGENCY: Federal Energy Regulatory Commission, Energy.
 ACTION: Notice of information collection and request for comments.
 SUMMARY: In compliance with the requirements of the Paperwork Reduction Act of 1995, 44 U.S.C. 3506(c)(2)(A), the Federal Energy Regulatory Commission (Commission or FERC) is soliciting public comment on the currently approved information collection, FERC-552, Annual Report of Natural Gas Transactions.
 DATES: Comments on the collection of information are due June 15, 2015.
 ADDRESSES: You may submit comments (identified by Docket No. IC-15-5-000) by either of the following methods: *eFiling at Commission's Web site: http://www.ferc.gov/​docs-filing/​efiling.asp*
                    *Mail/Hand Delivery/Courier:*
                         Federal Energy Regulatory Commission, Secretary of the Commission, 888 First Street NE., Washington, DC 20426. Please reference the specific collection number and/or title in your comments. *Instructions:*
                         All submissions must be formatted and filed in accordance with submission guidelines at: 
                        *http://www.ferc.gov/​help/​submission-guide.asp.*
                         For user assistance contact FERC Online Support by email at 
                        *ferconlinesupport@ferc.gov*, or by phone at: (866) 208-3676 (toll-free), or (202) 502-8659 for TTY.
                        ( print page 20218) *Docket:*
                         Users interested in receiving automatic notification of activity in this docket or in viewing/downloading comments and issuances in this docket may do so at 
                        *http://www.ferc.gov/​docs-filing/​docs-filing.asp.*
 FOR FURTHER INFORMATION CONTACT: Ellen Brown may be reached by email at 
                        *DataClearance@FERC.gov*, telephone at (202) 502-8663, and fax at (202) 273-0873.


SUPPLEMENTARY INFORMATION:  *Type of Request:*
                     Three-year extension of the FERC-552 information collection requirements with no changes to the current reporting requirements. FERC-552, Annual Report of Natural Gas Transactions *OMB Control No.:*
                     1902-0242. *Abstract:*
                     The Commission uses the information collected within the FERC-552 to provide greater transparency concerning the use of indices to price natural gas and how well index prices reflect market forces. The collection also includes transactions that contribute to, or may contribute to natural gas price indices. Many market participants rely on indices as a way to reference market prices without taking on the risks of active trading. FERC-552 had its genesis in the Energy Policy Act of 2005 [1]
                    
                    , which added section 23 of the Natural Gas Act (NGA). Section 23 of the NGA, among other things, directs the Commission “to facilitate price transparency in markets for the sale or transportation of physical natural gas in interstate commerce, having due regard for the public interest, the integrity of those markets, and the protection of consumers.” [2] *Type of Respondents:*
                     Wholesale natural gas market participants *Estimate of Annual Burden:*
                     [3]
                    
                     The Commission estimates the total Public Reporting Burden for this information collection as: FERC-552—Annual Report of Natural Gas Transactions
Number of 
                             
                                respondents 6
Number of 
                             responses per respondent
Total number of responses
Average 
                             burden hours per response
Estimated total annual burden(A)
(B)
(A) × (B) = (C)
(D)
(C) × (D)Wholesale natural market participants
666
1
666
10
6,660
 The
                    
                     total estimated annual cost burden to respondents is $478,652 [6,660 hours ÷ 2,080 [4]
                    
                     hours/year = 3.201923 * $149,489/year [5]
                    
                     = $478,652]. The estimated annual cost of filing the FERC-552 per response is $719 [$478,652 ÷ 666 responses = $719/response] *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: April 9, 2015. Kimberly D. Bose, Secretary.


# Footnotes

1.
    
                         Pub. L. 109-58. Back to Citation
 2.
    
                         15 U.S.C. 717t-2. Back to Citation
 3.
    
                         Burden 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, reference 5 Code of Federal Regulations 1320.3(b)(1). Back to Citation
 4.
    
                         2,080 hours = 40 hours/week * 52 weeks (1 year). Back to Citation
 5.
    
                         Average annual salary per FERC employee in 2015. We are using FERC cost (salary and benefits) as it fairly reflects an estimate for the industry cost. Back to Citation
 6.
    
                        Number of respondents as of the 2013 Form 552 survey. Back to Citation


[FR Doc. 2015-08648 Filed 4-14-15; 8:45 am] BILLING CODE 6717-01-P