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Encyclopedia > Federal Energy Regulatory Commission

The Federal Energy Regulatory Commission (FERC) is the United States federal agency with jurisdiction over interstate electricity sales, wholesale electric rates, hydroelectric licensing, natural gas pricing, and oil pipeline rates. FERC also reviews and authorizes liquefied natural gas (LNG) terminals, interstate natural gas pipelines and non-federal hydropower projects. Federal independent agencies were established through separate statutes passed by Congress. ... Hydroelectricity, or hydroelectric power, is a form of hydropower, (i. ... Natural gas rig Natural gas (commonly refered to as gas in many countries) is a gaseous fossil fuel consisting primarily of methane. ... An elevated section of the Alaska Pipeline Pipeline transport is a transportation of goods through a tube. ... Liquefied natural gas or LNG is natural gas that has been processed to remove impurities and heavy hydrocarbons and then condensed into a liquid at atmospheric pressure by cooling it to approximately -160 degrees Celsius, and stored in specially designed tanks. ...


Position within the government

FERC is an independent regulatory agency within the United States Department of Energy. There is no review of FERC's decisions by the President or Congress, making the Commission theoretically independent either branch of government. FERC is also self-funding; the Commission pays for itself by recovering costs directly from the industries it regulates. The United States Department of Energy (DOE) is a Cabinet-level department of the United States government responsible for energy policy and nuclear safety. ... The President of the United States is the head of state of the United States. ... The Congress of the United States is the legislative branch of the federal government of the United States of America. ...


In recent years, the FERC has been promoting the voluntary formation Regional Transmission Operators (RTOs) and Independent System Operators (ISOs) to eliminate discrimination and access to the electric grid. The term grid has several meanings in various fields: in mathematics and geometry, a grid is a system of two sets of lines that intersect each other at a fixed angle, usually a right angle (i. ...


FERC has also been heavily involved in the California electricity crisis and in investingating allegations of energy market manipulation by Enron and other energy companies. The California electricity crisis of 2000 and 2001 followed a failed partial-deregulation, in 1996, of the electricity market in the state. ... Enron logo, designed by Paul Rand Enron Corporation was an energy trading, natural gas, and electric utilities company based in Houston, Texas that employed around 21,000 people by mid-2001, before it went bankrupt. ...


FERC regulates approximately 1 600 hydroelectric projects in the U.S. It is largely responsible for permitting the construction of a large network of interstate natural gas pipelines. FERC also works closely with the U.S. Coast Guaurd in reviewing the safety, security and environmental impacts of proposed LNG terminals and associated shipping.


External links


  Results from FactBites:
 
FERC: About FERC (220 words)
The Federal Energy Regulatory Commission regulates and oversees energy industries in the economic, environmental, and safety interests of the American public.
The Federal Energy Regulatory Commission, or FERC, is an independent agency that regulates the interstate transmission of natural gas, oil, and electricity.
Top Priorities are the most important issues pending at the Commission, among the thousands of filings made and orders issued each year.
Bluestone Energy Design, Inc. v. Federal Energy Regulatory Commission, 74 F.3d 1288 (1996) (3653 words)
The Commission explains that, although subparts C and D allow for exemptions from the EAP and IC report requirements, the granting of such exemptions is within the discretion of the Commission.
Because the Commission's enforcement of safety requirements for hydroelectric projects depends upon submission of data by operators, the Commission's interpretations of subparts C and D are reasonable.
Because the Commission has broad discretion to apportion its enforcement resources as it wishes, there is no guarantee that the amount of staff time and resources devoted to a case will correspond to the nature or seriousness of a violation or to the violator's efforts to comply.
  More results at FactBites »

 
 

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