Document ID: FERC-2006-0816-0004
Agency: ferc
Document Type: Proposed Rule
Title: Financial Accounting, Reporting and Records Retention Requirements Under the Public Utility Holding Company Act of 2005
Posted Date: 2006-07-13T04:00Z

[Federal Register: July 13, 2006 (Volume 71, Number 134)]
[Proposed Rules]               
[Page 39603-39604]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr13jy06-37]                         

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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

18 CFR Parts 366, 367, 368, 369 and 375

[Docket No. RM06-11-000]

 
Financial Accounting, Reporting and Records Retention 
Requirements Under the Public Utility Holding Company Act of 2005

Issued June 30, 2006.
AGENCY: Federal Energy Regulatory Commission.

ACTION: Notice of Proposed Rulemaking: Notice of agenda, panelists and 
questions for July 18, 2006 Technical Conference.

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SUMMARY: On April 21, 2006, the Federal Energy Regulatory Commission 
issued a Notice of Proposed Rulemaking in the above-docketed proceeding 
concerning Financial Accounting, Reporting and Records Retention 
Requirements Under the Public Utility Holding Company Act of 2005, 71 
FR 28464, May 16, 2006. The Commission is convening a technical 
conference on July 18, 2006, to identify issues associated with the 
proposed Uniform System of Accounts for Centralized Service Companies, 
the proposed records retention requirements for holding companies and 
service companies, and the Revised Form 60. By this notice, the 
Commission is providing the agenda, panelists and a list of questions 
that will be addressed by the panelists at this conference.

DATES: Conference will be held on July 18, 2006.

FOR FURTHER INFORMATION CONTACT: Julia A. Lake (Legal Information), 
Office of the General Counsel--Energy Markets, Federal Energy 
Regulatory Commission, 888 First Street, NE., Washington, DC 20426. 
Telephone: (202) 502-8370. E-mail: julia.lake@ferc.gov.

SUPPLEMENTARY INFORMATION: 

Notice of Agenda, Panelists and Questions

    As announced on April 21 and June 16, 2006, the Federal Energy 
Regulatory Commission (Commission) will hold a technical conference and 
workshop in

[[Page 39604]]

the above-referenced proceeding on July 18, 2006, in the Commission 
Meeting Room. The meeting will begin at 9 a.m. (Eastern Daylight 
Savings Time) and conclude at approximately 1:30 p.m. All interested 
persons are invited to attend. There is no registration fee to attend 
this conference.
    Nine comments were filed in response to the proposed Uniform System 
of Accounts for Centralized Service Companies, the proposed records 
retention requirements for holding companies and service companies, and 
the revised FERC Form No. 60.\1\ These comments raise a number of 
issues. We request that the panel members address the following issues 
raised by commentors:
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    \1\ Financial Accounting, Reporting and Records Retention 
Requirements under the Public Utility Holding Company Act of 2005, 
Notice of Proposed Rulemaking, 71 FR 28464 (May 16, 2006), FERC 
Statutes and Regulations ] 32,600 (2006).
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    1. Is a separate Uniform System of Accounts necessary for service 
companies?
    2. Are the proposed accounting and reports too burdensome to comply 
with? What parts cause the most burden?
    3. Should a structured reporting format be required for service 
companies?
    4. If a separate Uniform System of Accounts and structured reports 
are adopted, what are the most significant modifications to what was 
proposed in the NOPR that should be considered?
    5. What should the effective date be for the new requirements?
    Transcripts of the meeting will be available immediately for a fee 
from Ace Reporting Company ((202) 347-3700 or 1-(800) 336-6646). They 
will be available for free on the Commission's eLibrary system and on 
the events calendar about two weeks after the conference. There will be 
open microphones for conference attendees to present their questions to 
the panelists and Commission staff.
    FERC conferences and meetings are accessible under section 508 of 
the Rehabilitation Act of 1973. For accessibility accommodations, 
please send an e-mail to accessibility@ferc.gov or call toll free (866) 
208-3372 (voice) or (202) 502-8659 (TTY), or send a fax to (202) 208-
2106 with the required accommodations.
    Attached is the agenda, including the panelists who will speak at 
the conference.
    Questions about the conference should be directed to: Julia A. 
Lake, Office of the General Counsel, Federal Energy Regulatory 
Commission, 888 First Street, NE., Washington, DC 20426. (202) 502-
8370. Julia.lake@ferc.gov.

Magalie R. Salas,
Secretary.

Agenda for Financial Accounting, Reporting and Records Retention 
Requirements Under PUHCA 2005 Technical Conference--July 18, 2006

9-9:10 a.m. Introductory Remarks by Susan Court, Director, Office of 
Enforcement (OE).
9:10-9:20 a.m. Overview by Janice Garrison Nicholas, Director, Division 
of Financial Regulation, Office of Enforcement.
9:15-11 a.m. Association and Industry Panel.

Panelists:
    --Henri Bartholomot--Director, Regulatory Legal Issues, Edison 
Electric Institute.
    --David Stringfellow--Director of Accounting, Edison Electric 
Institute.
    --Kathleen McNulty-Kropp--Manager, Regulatory Accounting Policy and 
Reporting, Xcel Energy Inc. for Edison Electric Institute-William 
Richert--Assistant Controller, National Grid USA.
    --Sandra Bennett--Assistant Controller, American Electric Power, 
Inc.
    --Beverly M. Holmes--Director of Accounting, Southern Company 
Services, Inc.

11-11:15 a.m. Break.
11:15 a.m.-1 p.m. State Commissions and Other Interest Groups Panel.
Panelists:
    --Thomas J. Ferris--Audit Manager-Consultant, Gas and Energy 
Division, Public Service Commission of Wisconsin.
    --Joseph Buckley--Utility Specialist, Public Utilities Commission 
of Ohio.
    --James Mitchell--Supervisor, Utility, Accounting and Finance, New 
York State Public Service Commission.
    --Steven Ruppel--Contract Compliance Audit Manager, Florida 
Municipal Power Agency.

1-1:15 p.m. Wrap up Questions and Answers.
1:15-1:30 p.m. Concluding Remarks.

[FR Doc. E6-11001 Filed 7-12-06; 8:45 am]

BILLING CODE 6717-01-P