FYI - This came through just prior to ARMA...
This may have been covered in the Utility SIG (That I missed due to the kind and understanding folks at Delta Airlines [snarl])


UNITED STATES OF AMERICA 117 FERC ¶ 61, 064
FEDERAL ENERGY REGULATORY COMMISSION

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

(Docket No. RM06-11-000; Order No. 684)

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

(Issued October 19, 2006)

AGENCY:  Federal Energy Regulatory Commission.

ACTION:  Final Rule.

SUMMARY:  In this Final Rule, the Federal Energy Regulatory Commission (Commission) is amending its regulations to further implement the Public Utility Holding Company Act of 2005 (PUHCA 2005).  Specifically, the Commission is adding a Uniform System of Accounts (USofA) for Centralized Service Companies, adding preservation of records requirements for holding companies and service companies, revising FERC Form No. 60, Annual Report of Centralized Service Companies, to provide for financial reporting consistent with the new USofA and providing for electronic filing of the revised FERC Form No. 60.  The Final Rule will provide for greater accounting transparency for centralized service company operations, and uniform records retention by holding companies and service companies subject to PUHCA 2005.  This transparency will protect ratepayers from pass-through of improper service company costs.

EFFECTIVE DATE:  The rule will become effective [insert date 60 days after publication in the FEDERAL REGISTER].

FOR FURTHER INFORMATION CONTACT:  

James K. Guest (Technical Information)
Division of Financial Regulation
Office of Enforcement
Federal Energy Regulatory Commission
888 First Street, N.E.
Washington, D.C.  20426
Telephone (202) 502-6614
E-mail:[log in to unmask]

Lawrence Greenfield (Legal Information)
Office of the General Counsel - Energy Markets
Federal Energy Regulatory Commission
888 First Street, N.E.
Washington, D.C.  20426
Telephone (202) 502-6415
E-mail:[log in to unmask]

Julia A. Lake (Legal Information)
Office of the General Counsel - Energy Markets
Federal Energy Regulatory Commission
888 First Street, N.E.
Washington, D.C.  20426
Telephone (202) 502-8370
E-mail:[log in to unmask]



Chuck Piotrowski
CVPS
Records Manager
(802)747-5447
iam.cvps.com

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