The Federal Energy Regulatory Commission (FERC) is an independent US federal agency that regulates the interstate transmission and wholesale sale of electricity and natural gas, and the interstate transport of petroleum by pipeline. It also licenses non-federal hydropower projects and reviews interstate natural gas pipelines, storage projects and liquefied natural gas terminals. Congress created FERC in 1977 under the Department of Energy Organization Act, renaming the earlier Federal Power Commission (established in 1920) while preserving its independent status within the new Department of Energy. FERC is headed by up to five commissioners appointed by the President and confirmed by the Senate, with no more than three commissioners from one political party serving at any time.
Facts
Organization Type Founded YearCreated in the reorganization that followed the 1973 oil crisis, this atlas's own oil-crisis-1973 milestone. HeadquartersWashington, D.C., United States 1 Connections
Associated With
FERC Order 745 (2011), upheld by the US Supreme Court in 2016, required demand response resources in wholesale energy markets to be compensated at the locational marginal price.
Source USA.gov Federal Agency Directory
Source USA.gov Federal Agency Directory
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Source Wikipedia
Sources
1. USA.gov Federal Agency Directory
United States General Services AdministrationAgencies, Federal Energy Regulatory CommissionQuote, Agencies, Federal Energy Regulatory Commission
The Federal Energy Regulatory Commission (FERC) regulates interstate transmission of electricity, natural gas, and oil, and also regulates hydropower projects and natural gas terminals.
2. Wikipedia
Wikimedia FoundationFederal Energy Regulatory Commission, history
FERC was created in 1977 by the U.S. Congress in the aftermath of the 1973 oil crisis.
Federal Energy Regulatory Commission, lead
The Federal Energy Regulatory Commission (FERC) is an independent agency of the United States government that regulates the interstate transmission and wholesale sale of electricity and natural gas and the prices of interstate transport of petroleum by pipeline.
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