FERC Extends Utility Record-Keeping Requirements Three Years
Published Date: 7/10/2026
Notice
Summary
FERC is extending the current rules that require public utilities, natural gas, and oil pipeline companies to keep certain records for three more years—no changes, just a simple extension. If you’re part of these industries, you don’t need to do anything new, but you can share your thoughts by September 8, 2026. This keeps things smooth and saves everyone from extra paperwork or costs.
Analyzed Economic Effects
3 provisions identified: 0 benefits, 3 costs, 0 mixed.
Three‑Year Extension of FERC Recordkeeping
FERC is extending the FERC-555 recordkeeping requirements for three more years with no changes. The rules apply to electric utilities, licensees, natural gas companies, and oil pipeline companies subject to FERC jurisdiction and require retention of records such as Corporate; Information Technology Management; General Accounting; Personnel and Payroll; Tariffs and Rates; Operations and Maintenance; Tax; Treasury; and other listed categories.
Quantified Annual Compliance Burden
FERC estimates 667 respondents will each incur 5,218 hours and $532,236 in annual industry cost, for a total annual burden of 3,480,406 hours and $355,001,412 in industry cost under the FERC-555 collection.
Records Subject to Audits, Enforcement, and Analysis
FERC may use the retained records during required rate filings, compliance reviews by audit staff, enforcement investigations by enforcement staff, and for special analyses (for example, responses to extreme weather events). Covered companies should expect these records to be available for such uses.
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Key Dates
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