TeachMeFinance.com - explain Federal Power Commission (FPC)
Federal Power Commission (FPC) The term 'Federal Power Commission (FPC)' as it applies to the area of reclamation can be defined as ' The predecessor agency of the Federal Energy Regulatory Commission (FERC). The Federal Power Commission was created by an Act of Congress under the Federal Water Power Act on June 10, 1920. It was charged originally with regulating the electric power and natural gas industries. The Federal Power Commission was abolished on September 20, 1977, when the Department of Energy was created. The functions of the Federal Power Commission were divided between the Department of Energy and the Federal Energy Regulatory Commission'.
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