FERC Won't Require E-Tag Info on Electric Quarterly Reports
February 09,2015
FERC, in a rehearing order, has dropped its prior direction that Electric Quarterly Reports include electronic tag ID (e-Tag ID) information
FERC had previously ordered that the EQRs include e-Tag IDs for each transaction reported in the EQR if an e-Tag was used to schedule the transaction
On rehearing, FERC dropped this requirement, citing compliance costs.
"The Commission is mindful that EQR filers would bear potentially substantial costs to comply with the requirement to include e-Tag ID information in the EQR. After further assessment and consideration of the arguments raised in the rehearing requests, we are persuaded that the initial and ongoing compliance burdens and costs may be significantly higher than the Commission’s estimates included in Order No. 768. Although the requirement to file e-Tag information in the EQR could improve the usefulness of EQR data, the Commission grants rehearing due to the likely substantial costs of complying with such a requirement at this time. Therefore, the Commission will not require that EQR filers submit e-Tag IDs for each transaction reported in the EQR if an e-Tag was used to schedule the transaction," FERC said