Federal Energy Regulatory Commission
Independent agency of the US federal government
Federal Energy Regulatory Commission
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. FERC also reviews proposals to build interstate natural gas pipelines, natural gas storage projects, and liquefied natural gas (LNG) terminals, in addition to licensing non-federal hydropower projects. FERC was created in 1977 by the United States Congress in the aftermath of the 1973 oil crisis. It is an independent agency, despite being part of the United States Department of Energy. It is headed by five commissioners who are nominated by the president of the United States and confirmed by the United States Senate. There may be no more than three commissioners of one political party serving on the commission at any given time.
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