# 2026-12712: FERC Proposes Tweaks to Utility Financial Filing Rules 2026-12712, Revisions to Financial Forms Reporting and Filing Requirements, is a Federal Register proposed rule from Energy Department, Federal Energy Regulatory Commission published 2026-06-24, effective 2026-08-24; PRIA reads it as touching household money (as of 2026-07-01). - Canonical: https://policyrisk.com/federal-register/2026-12712 - As of: 2026-07-01 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Document number: 2026-12712 - Title: Revisions to Financial Forms Reporting and Filing Requirements - Type: Proposed Rule - Agencies: Energy Department; Federal Energy Regulatory Commission - Citation: 91 FR 37881 - Published: 2026-06-24 - Effective: 2026-08-24 - Comments close: 2026-08-24 - Significant: no - Touches household money: yes - Regulation identifier numbers: none - Last updated: 2026-07-01 ## In one line FERC Proposes Tweaks to Utility Financial Filing Rules ## Summary The Federal Energy Regulatory Commission is updating financial reporting rules for public utilities, pipeline companies, and service firms. They’re fixing instructions, cutting some quarterly form parts, and letting small oil pipelines skip certain reports to save time and hassle. Comments on these changes are due by late August 2026, aiming to make filing easier without extra costs. ## Abstract The Federal Energy Regulatory Commission (Commission) invites comments on its proposal to amend certain annual and quarterly financial forms, which the Commission requires jurisdictional public utilities, licensees, centralized service companies, and natural gas and oil pipeline companies to file. Additionally, the Commission proposes to amend its current regulations governing certain FERC financial forms. The Commission proposes to update 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. Specifically, the Commission proposes to update the general filing instructions and certain schedule instructions to reflect current reporting requirements and correct discrepancies. Additionally, the Commission proposes to eliminate certain schedules from FERC Form Nos. 3-Q and 6-Q. The Commission also proposes to revise the regulation for FERC Form No. 6-Q to clarify that oil pipelines with annual jurisdictional operating revenues below $500,000 are exempt from filing the quarterly form. These changes to the quarterly forms would reduce the reporting burden for jurisdictional entities. ## Effects PRIA read - Small Oil Pipelines Exempted from Quarterly Filing: benefit, medium. The rule would exempt oil pipeline companies with annual jurisdictional operating revenues below $500,000 that do not file an annual FERC Form No. 6 from filing the quarterly FERC Form No. 6-Q. The Commission estimates this exemption would reduce the number of quarterly Form 6-Q respondents by 7. - Electric Utilities: Big Cut to Quarterly Schedules: benefit, high. The Commission proposes to delete 17 of 24 schedules from the electric FERC Form No. 3-Q, which the notice estimates would produce about a 70% reduction in burden for electric filers. The document shows an estimated average annual cost per electric respondent of $14,994 under current burdens. - Natural Gas Filers: Smaller Schedule Removal: benefit, medium. The Commission proposes to delete 3 of 19 schedules from the gas FERC Form No. 3-Q, which the notice estimates would produce about a 15% reduction in burden for gas filers. The proposal addresses gas-specific schedule instructions and clarifications. - Oil Pipelines: Quarterly Schedule Reductions: benefit, medium. The Commission proposes to delete 3 of 11 schedules from the oil FERC Form No. 6-Q, an estimated 27% reduction in burden per oil pipeline respondent. The notice includes an estimated average annual compliance cost per Form 6-Q respondent of $33,354 under current burdens. - CPA Certification Changes and eForms Requirement: benefit, medium. The Commission proposes removing the required prescriptive pro forma language from CPA attestations for FERC Form Nos. 1 and 1-F and shifting to a principles-based attestation. It also proposes that CPA Certification Statements be appended to the filer’s financial form in the eForms portal rather t… - No Need to File Annual Stockholder Reports: benefit, low. The Commission proposes to remove the requirement in the Financial Forms' general instructions that jurisdictional entities file their Annual Report to Stockholders, noting those reports are publicly available and relevant information may instead be included in the annual financial forms. ## Related documents - [2026-20744](https://policyrisk.com/federal-register/2026-20744): Combined Notice of Filings #2, 2026-10-09 - [2026-20658](https://policyrisk.com/federal-register/2026-20658): Shoshone Irrigation District; Notice of Existing Licensee's Failure To File a Timely Notice of Intent To File a New License Application, an…, 2026-10-08 - [2026-20659](https://policyrisk.com/federal-register/2026-20659): Eastern Shore Natural Gas Company; Notice of Application and Establishing Intervention Deadline, 2026-10-08 - [2026-20642](https://policyrisk.com/federal-register/2026-20642): Combined Notice of Filings, 2026-10-08 - [2026-20580](https://policyrisk.com/federal-register/2026-20580): Northern Natural Gas Company; Notice of Availability of the Environmental Assessment for the Proposed Ventura to Farmington A-Line Abandonm…, 2026-10-08 - [2026-20582](https://policyrisk.com/federal-register/2026-20582): Combined Notice of Filings, 2026-10-08 ## Sources - [2026-12712 on federalregister.gov](https://www.federalregister.gov/documents/2026/06/24/2026-12712/revisions-to-financial-forms-reporting-and-filing-requirements) - [2026-12712 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-06-24/pdf/2026-12712.pdf) ## Related - [Previous: 2026-12702, Modernizing Materials Licensing](https://policyrisk.com/federal-register/2026-12702) - [Next: 2026-12734, Oil and Gas Leasing](https://policyrisk.com/federal-register/2026-12734) - [All Federal Register documents](https://policyrisk.com/federal-register) Source: PRIA, https://policyrisk.com/federal-register/2026-12712 (as of 2026-07-01).