One of the most interesting developments of recent years for reporting nerds has been the adoption of XBRL by the US Federal Energy Regulatory Commission (FERC) for disclosures by energy utilities. In Q3 it completed its transition to XBRL, activating its new Forms portal and ceasing to accept submissions in the legacy Visual FoxPro system.
Recent days have seen a number of important updates from the US Federal Energy Regulatory Commission (FERC), as it implements its switch to XBRL-based reporting for energy utilities.
The US Federal Energy Regulatory Commission (FERC) is continuing its trailblazing transition to XBRL-based reporting for energy utilities. It has announced that on 15 April 2021 the XBRL taxonomies, validation rules, and rendering files needed for the rollout will be updated to Release 1.5, and will be available in its Yeti viewer.
Following the recent (online) Federal Energy Regulatory Commission (FERC) conference, FERC is calling for post-conference comments on the draft taxonomy discussed. In June 2019 the US FERC announced that they were adopting the XBRL standard for utilities reporting, in order to make it easier to submit and analyse data, automate filings, and, over time, reduce costs. In […]
The US Federal Energy Regulatory Commission (FERC), which switched to XBRL for a number of utilities reporting forms last year, has published a rule proposal to revise transmission incentive policies and extend XBRL to Form 730. In the proposal FERC notes that further adopting XBRL would allow the reporting of comprehensive, consistent, interoperable data, and would […]
Yesterday, the Federal Energy Regulatory Commission (FERC) announced that they are adopting the XBRL standard for utilities reporting on Form Nos. 1, 1-F, 2, 2-A, 3-Q electric, 3-Q natural gas, 6, 6-Q, 60, and 714. The final rule states: “The use of XBRL will make the information in these forms easier for filers to submit […]
In January 2019 the US Federal Energy Regulatory Commission (FERC) published a proposal to swap from Visual FoxPro based e-forms to an XBRL-based data collection system. After a comment period, FERC have now announced that the proposal has passed. The switch recognizes that XBRL is purpose built for reporting, and will make filing easier, more accurate and […]
A couple of weeks ago we reported on the US Federal Energy Regulatory Commission’s (FERC) proposal to move to XBRL-based data collection system. This week the FERC formally published the proposed rule change, which is open for comments until 6 March 2019. The FERC have proposed the switch to the XBRL standard because XBRL will make the […]
Late yesterday the US Federal Energy Regulatory Commission, the FERC, published a proposal to switch up from its aged Visual FoxPro based e-forms to an XBRL-based data collection system. The FERC was originally going to use custom XML, but after experimentation now proposes XBRL.