2015-2025 Form

What is the Ferc Form 587

The Ferc Form 587 is a crucial document used by entities involved in the energy sector to report information related to their operations. Specifically, it is utilized by companies that operate in the natural gas and electric utility industries. This form helps the Federal Energy Regulatory Commission (FERC) gather essential data for regulatory purposes, ensuring compliance with federal laws and regulations. Understanding the purpose and requirements of Form 587 is vital for businesses to maintain transparency and adhere to industry standards.

How to use the Ferc Form 587

Using the Ferc Form 587 involves several steps to ensure accurate completion and compliance. First, businesses must gather all necessary information, including operational data and financial details relevant to their energy activities. Once the information is compiled, the form can be filled out electronically or on paper. It is important to follow the specific instructions provided by FERC to ensure that all sections are completed correctly. After filling out the form, it must be submitted according to the guidelines set forth by the commission.

Steps to complete the Ferc Form 587

Completing the Ferc Form 587 requires careful attention to detail. Here are the essential steps:

• Gather all relevant data about your energy operations, including financial and operational metrics.
• Review the instructions provided by FERC to understand the specific requirements for each section of the form.
• Fill out the form accurately, ensuring all information is complete and up-to-date.
• Double-check for any errors or omissions before finalizing the document.
• Submit the completed form through the designated submission method, whether electronically or via mail.

Legal use of the Ferc Form 587

The Ferc Form 587 holds legal significance as it is used for compliance with federal regulations governing the energy sector. When filled out correctly, it serves as an official record of a company's operations and financial status. This form must be completed in accordance with the guidelines set by FERC to ensure its validity. Failure to comply with these regulations can lead to penalties or legal repercussions, making it essential for businesses to understand their obligations when using this form.

Key elements of the Ferc Form 587

The Ferc Form 587 consists of several key elements that must be accurately reported. These include:

• Company identification details, including name and registration number.
• Operational data relevant to the energy sector, such as production levels and service areas.
• Financial information, including revenue and expenses associated with energy operations.
• Compliance statements confirming adherence to applicable regulations.

Form Submission Methods

The Ferc Form 587 can be submitted through various methods to accommodate different business needs. The primary submission methods include:

• Online Submission: Many businesses prefer to submit the form electronically through the FERC's online portal, which allows for quicker processing and confirmation.
• Mail Submission: For those who prefer traditional methods, the form can be printed and sent via postal mail to the designated FERC address.
• In-Person Submission: In certain cases, businesses may choose to deliver the form in person to FERC offices, ensuring immediate receipt.