The Federal Energy Regulatory Commission (FERC) published a rule proposal to revise transmission incentive policies, including changes to FERC Form 730, Report of Transmission Investment Activity. The form contains tables for Actual and Projected Electric Transmission Capital Spending and Project Detail. The rule proposes several changes to the form in addition to requiring that the data be reported in XBRL format which is consistent with the FERC planned change to XBRL for Form 1 reporting. In the proposal, FERC notes:
“XBRL will not only be a standard data format at the Commission; it is an international standard for digital reporting, and it enables the reporting of comprehensive, consistent, interoperable data that allows industry and other data users to automate submission, extraction, and analysis. XBRL is a language in which reporting terms can be authoritatively defined, and those terms can then be used to uniquely represent the contents of the Commission’s data collections… The XBRL standard also offers flexible benefits, including the ability to support simple formulas such as addition and subtraction and allow more complex formulas to be defined with a set of guidelines. We believe that requiring XBRL-based data would also lead to greater data quality through easier validation checks.”
Comments are due on July 1, 2020.
Read the proposed rule: FERC Proposal on Form 730
View the form: FERC-730
