02-28583. Commission Information Collection Activities, Proposed Collection; Comment Request; Submitted for OMB Review

November 4, 2002.

AGENCY:

Federal Energy Regulatory Commission.

ACTION:

Notice.

SUMMARY:

In compliance with the requirements of Section 3507 of the Paperwork Reduction Act of 1995, 44 U.S.C. 3507, the Federal Energy Regulatory Commission (Commission) has submitted the information collection described below to the Office of Management and Budget (OMB) for review and extension of the current expiration date. Any interested person may file comments 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 August 16, 2002 (67 FR 54410-54412) and has noted this fact in its submission to OMB.

DATES:

Comments on the collection of information are due by December 3, 2002.

ADDRESSES:

Address comments on the collection of information to the Office of Management and Budget, Office of Information and Regulatory Affairs, Attention: Federal Energy Regulatory Commission Desk Officer, 725 17th Street, NW., Washington, DC 20503. The Desk Officer may be reached by telephone at 202-395-7856. A copy of the comments should also be sent to the Federal Energy Regulatory Commission, Office of the Chief Information Officer, CI-1, Attention: Michael Miller, 888 First Street NE., Washington, DC 20426. Comments may be filed either in paper format or electronically. Those persons filing electronically do not need to make a paper filing. For paper filings, such comments should be submitted to the Office of the Secretary, Federal Energy Regulatory Commission, 888 First Street, NE. Washington, DC 20426 and refer to Docket No. IC02-520-001.

Documents filed electronically via the Internet must be prepared in WordPerfect, MS Word, Portable Document Format, or ASCII format. To file the document, access the Commission's Web site at http://www.ferc.gov and click on “Make an E-filing,” and then follow the instructions for each screen. First time users will have to establish a user name and password. The Commission will send an automatic acknowledgment to the sender's E-mail address upon receipt of comments. User assistance for electronic filings is available at 202-208-0258 or by e-mail to [e-mail]. Comments should not be submitted to the e-mail address.

All comments may be viewed, printed or downloaded remotely via the Internet through FERC's homepage using the FERRIS link. User assistance for FERRIS is available at 202-502-8222, or by e-mail to [e-mail].

FOR FURTHER INFORMATION CONTACT:

Michael Miller may be reached by telephone at [phone], by fax at [phone], and by e-mail at [e-mail].

SUPPLEMENTARY INFORMATION:

Description

The information collected and submitted for OMB review contains:

1. Collection of Information: FERC-520 “Application for Authority to Hold Interlocking Directorate Positions”.

2. Sponsor: Federal Energy Regulatory Commission.

3. Control No. 1902-0083.

The Commission is now requesting that OMB approve a three-year extension of the current expiration date, with no changes to the existing collection. This is a mandatory information collection requirement and the Commission does not consider the information to be confidential.

4. Necessity of the Collection of Information: Submission of the information is necessary to enable the Commission to carry out its responsibilities in implementing the statutory provisions of the Federal Power Act (FPA.), Section 305(b), 16 U.S.C. 825(d), and 825(j). Section 305(b) makes the holding of certain defined interlocking corporate positions unlawful, unless the Commission has authorized the interlocks to be held. The information submitted by the applicant to show in a form and manner as prescribed by the Commission, that neither public nor private interests will be adversely affected by the holding of the position. The Commission implements these filing requirements in the Code of Federal Regulations (CFR) under 18 CFR part 45.

Under part 45 each person that desires to hold an interlocking position (Interlocking Directorates are defined as a number of separately organized and functioning corporations managed by the same or nearly the same group of directors) must submit an application to the Commission for authorization, or if qualified, comply with the requirements for automatic authorization. The information required under Part 45 generally identifies the applicant, describes the various interlocking positions the applicant seeks authorization to hold, provides information on the applicant's financial interests, other officers and directors of the firms involves, and the nature of the business relationships among the firms.

The Commission uses the information as part of its interlocking directorate oversight and enforcement responsibilities in accordance with the FPA and with FERC's regulations as referenced above. Without this information, the FERC would be unable to examine and approve or deny interlocking directorates of public utility officers and directors. The FERC may employ enforcement proceedings when violations occur.

5. Respondent Description: The respondent universe currently comprises (on average) 28 entities subject to the Commission's jurisdiction.

6. Estimated Burden: 1,450 total hours, 28. respondents(average), 1 response per respondent annually, 51.8 hours per response (average).

7. Estimated Cost Burden to respondents: $81,591 (28 respondents x $117,041 2080). The cost per respondent = $2,914 (rounded off).

Statutory Authority: Sections 305 of the Federal Power Act, 16 U.S.C. 825(d).

Linwood A. Watson, Jr.,

Deputy Secretary.