Performance Profiles of Major Energy Producers 2007
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Release Date: December 2008
Next Release Date: December 2009
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About the Financial Reporting System (FRS) Survey
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The Financial Reporting System (FRS) was established in 1977 under Section 205 (h) of the Department of Energy Organization Act (Public Law [P.L.] 91-95).
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The FRS is designed to permit review of the functional performance of the major U.S. energy-producing companies in total, as well as by specific functions and geographic areas of operation.
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Energy Information Administration (EIA) collects FRS information in accordance with the confidential information protection provisions of Title 5, Subtitle A, P.L. 107-347 and other applicable Federal laws and uses it for statistical purposes only; survey responses are confidential.
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The legislation establishing the FRS requires the reporting of individual company financial and operating data to be on a "uniform and standardized basis" so that the data can be aggregated and comparisons can be made across companies and groups of companies.
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The legislation also requires consultation with the U.S. Securities and Exchange Commission in an effort to be consistent with other Federal financial accounting practices; a number of specific energy financial accounting principles and conventions are incorporated.
More Information about the Financial Reporting System (FRS) Survey (PDF)
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