Tax & Finance

FERC-1005 Extension: Credit Information Sharing Between RTOs/ISOs – Public Comment Request

🇺🇸United States··Notice·Low Impact·View source ↗

AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.

🇬🇧 English

The Federal Energy Regulatory Commission (FERC) is requesting public comment on the renewal of an existing approved information collection program, FERC-1005, which governs credit-related information sharing between Regional Transmission Organizations (RTOs) and Independent System Operators (ISOs). This action is taken in compliance with the Paperwork Reduction Act of 1995 (44 U.S.C. 3506(c)(2)(A)), which requires agencies to periodically review and justify ongoing information collection burdens placed on the public. No substantive changes are being proposed to the core credit information sharing requirements under FERC-1005. The only modification is the removal of a one-time information collection component that has already been fully completed and is no longer applicable. The extension ensures continued regulatory oversight of how RTOs and ISOs exchange credit risk data with one another, a mechanism designed to promote financial stability and reduce counterparty credit risk in wholesale electricity markets. Public comments are being solicited to assess whether the ongoing collection remains necessary, accurate in burden estimates, and whether improvements to quality or clarity can be made.

AI-generated summary. May contain errors. Refer to official sources for legal decisions.

Key Changes

  • No substantive changes to the FERC-1005 credit information sharing requirements between RTOs/ISOs
  • Removal of a completed one-time information collection component from the FERC-1005 program
  • Extension of the currently approved FERC-1005 information collection under Paperwork Reduction Act (44 U.S.C. 3506(c)(2)(A))

+ 2 more changes with Pro

Obligations

What this law requires

high

RTOs and ISOs must share credit-related information with one another as governed by FERC-1005

Regional Transmission Organizations (RTOs) and Independent System Operators (ISOs)
operational
high

RTOs and ISOs must continue to exchange credit risk data to promote financial stability and reduce counterparty credit risk in wholesale electricity markets

Regional Transmission Organizations (RTOs) and Independent System Operators (ISOs)
operational
medium

FERC must periodically review and justify ongoing information collection burdens placed on the public in compliance with the Paperwork Reduction Act of 1995

Federal Energy Regulatory Commission (FERC)
reporting
medium

Remove the one-time information collection component under FERC-1005 that has been completed and is no longer applicable

Federal Energy Regulatory Commission (FERC)
operational

Affected Parties

Regional Transmission Organizations (RTOs)Independent System Operators (ISOs)+3 more…

Tags

FERC,RTO,ISO