The Federal Energy Regulation Commission (FERC) published the proposal, Revisions to Financial Forms Reporting and Filing Requirements, which calls for amendments to FERC Annual Report Form Nos. 1, 1-F, 2, 2-A, 6, and 60 and FERC Quarterly Report Form Nos. 3-Q and 6-Q. The changes update filing instructions and certain schedule instructions to reflect current reporting requirements and correct discrepancies.
The proposal notes, ” As a result of the launch of eXtensible Business Reporting Language (XBRL) as the filing system for the Commission’s Financial Forms and the implementation of stricter filing validations, it has come to the Commission’s attention that there are certain instructions in the Financial Forms that do not comport with the way regulated entities actually file the Financial Forms, nor do they align with the intent of the filing requirements. Therefore, the Commission proposes to revise the instructions to address these discrepancies and to modernize any outdated instructions.”
Comments are being accepted for a 60-day period ending August 24, 2026.
Read the proposal.
