About FERC 
Division of Financial Regulation
Mission
Acts as the focal point for interpretive guidance concerning the Commission's financial accounting and reporting rules, orders, regulations and statutes. Maintains a forum to informally resolve disputes and advises the Commission on accounting and other financial issues.
Functions
- Perform trend analysis on industry related financial issues. Develop suggested courses of action to anticipate industry's direction and practices.
- Advises the Commission on the accounting aspects of acquisitions and dispositions of jurisdictional facilities (ECs); rate filings (ERs); and gas pipeline certificates (CPs) applications.
- Reviews exposure drafts and pronouncements of authoritative accounting bodies to determine the effect of new or proposed accounting standards on regulated industries and the Commission's regulatory programs. Prepares comments on such proposals as appropriate.
- Conducts/participates in accounting studies to evaluate the need for changes or the establishment of new accounting standards for new or unique transactions or events.
- Prepares and coordinates necessary revisions and or amendments to the Commission's Uniform Systems of Accounts.
- Analyzes, coordinates and recommends action on all applications concerning Commission approval of proposed accounting or requests for interpretive guidance.
- Provides expert counsel to Commission Officials concerning a variety of financial, accounting, tax, and other related matters.
- Owns and administers financial forms Nos. 1, 2, 2-A, 6, 3Q and 6Q. Also owns and administers new PUCHA Form No. 60 and FERC data collections designated as the FERC-61 (Narrative description of service company functions) and FERC-730 (Report of transmission investment activity).
