FERC is refining the existing EQR filing requirements and applying the revisions to all market participants who file EQR. The new requirements will contain transaction information including date, price and type of rate information. It will also may require the reports to be filed in XML format.
The current format for EQR is based on a spreadsheet layout. The changes to EQR will mostly likely require companies to reformat their existing data or absorb a manual input process through the FERC web service.
A similar change was implemented for the natural gas companies’ quarterly reports. Gas companies filed spreadsheets of data for their quarterly report. FERC changed the format to PDF/XML involving a manual input. Systrends worked closely with an intrastate gas company to develop software to create the new 549D PDF form from their current excel spreadsheet data. The outcome has been a success and the company filed its first quarter filings.
Systrends has teamed up with Energy Compliance Consulting (ECC) to streamline the development of a new Electric Quarterly Report software. The partnership provides a perfect combination of expertise in EQR and development of energy compliance software solutions.
FERC has not made a final rule on the exact requirements, but Systrends and ECC are ready when they do.
