TeachMeFinance.com - explain Federal Energy Regulatory Commission (FERC)
Federal Energy Regulatory Commission (FERC) The term 'Federal Energy Regulatory Commission (FERC)' as it applies to the area of reclamation can be defined as ' Established in 1977 (replacing the Federal Power Commission) the the primary responsibility of ensuring the Nation's consumers adequate energy supplies at just and reasonable rates and providing regulatory incentives for increased productivity, efficiency, and competition. Its primary functions are to establish and enforce rates and regulations regarding interstate aspects of the electric, natural gas, and oil industries. It also issues licenses for non-Federal hydroelectric plants and certifies small power production and cogeneration facilities'.
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