---
kind: "section"
citation: "18 C.F.R. § 366.23"
title: "18"
number: "366.23"
heading: "FERC Form No. 60, Annual reports of centralized service companies, and FERC-61, Narrative description of service company functions."
url: "https://uscodex.org/cfr/18/366.23"
---

# §366.23. FERC Form No. 60, Annual reports of centralized service companies, and FERC-61, Narrative description of service company functions.

- (a) **General—**
  - (1) **FERC Form No. 60.** Unless otherwise exempted or granted a waiver by Commission rule or order pursuant to §§ [366.3](/cfr/18/366.3.md) and [366.4](/cfr/18/366.4.md), every centralized service company (see [§ 367.2](/cfr/18/367.2.md) of this chapter) in a holding company system, regardless of whether that service company is providing services to a public utility, a natural gas company, or both, must file an annual report, FERC Form No. 60, as provided in [§ 369.1](/cfr/18/369.1.md) of this chapter. Every report must be submitted on the FERC Form No. 60 then in effect and must be prepared in accordance with the instructions incorporated in that form.
  - (2) **FERC-61.** Unless otherwise exempted or granted a waiver by Commission rule or order pursuant to §§ [366.3](/cfr/18/366.3.md) and [366.4](/cfr/18/366.4.md), every service company in a holding company system, including a special-purpose company (e.g., a fuel supply company or a construction company), that does not file a FERC Form No. 60 shall instead file with the Commission by May 1, 2007 and by May 1 each year thereafter, a narrative description, FERC-61, of the service company's functions during the prior calendar year. In complying with this section, a holding company may make a single filing on behalf of all such service company subsidiaries.
  - (3) For good cause shown, the Commission may extend the time within which any such report or narrative description required to be filed pursuant to paragraphs [(a)(1)](#a-1) or [(2)](#a-2) of this section is to be filed or waive the requirements applicable to any such report or narrative description.
- (b) **Transition period.** Service companies in holding company systems exempted from the requirements of the Public Utility Holding Company Act of 1935 ([15 U.S.C. 79a](/usc/15/79a.md) et seq.) need not file an annual report, FERC Form No. 60, for calendar years 2005 through 2007, after which they must comply with the provisions of this section.

## Notes

### Amendments

[Order 667-A, 71 FR 28457, May 16, 2006, as amended by Order 691, 72 FR 5174, Feb. 5, 2007; Order 731, 74 FR 68529, Dec. 28, 2009]

### Authority

Authority: 15 U.S.C. 717 et seq., 16 U.S.C. 791a et seq., and 42 U.S.C. 16451-16463.

### Source

Source: Order 667-A, 71 FR 28457, May 16, 2006, unless otherwise noted.

### Amendments

[Order 667-A, 71 FR 28457, May 16, 2006, as amended by Order 691, 72 FR 5174, Feb. 5, 2007; Order 731, 74 FR 68529, Dec. 28, 2009]