TeachMeFinance.com - explain Regulation, procedures, and practices
Regulation, procedures, and practices The term 'Regulation, procedures, and practices' as it applies to the area of energy can be defined as ' Autility commission carries out its regulatory functions through rulemaking and adjudication. Under rulemaking, the utility commissionmay propose a general rule of regulation change. By law, it must issue anotice of the proposed rule and a request for comments is also made; the Federal Energy Regulatory Commission publishes this in the Federal Register. The final decision must be published. A utility commission may also work on a case-by-case basis from submissions from regulated companies or others. Objections to a proposal may come from the commission or intervenors, in which case the proposal must be presented to a hearing presided over by an administrative law judge. The judge's decision may be adopted, modified, or reversed by the utility commissioners, in which case those involved can petition for a rehearing and may appeal a decision through the courts system to the U.S. Supreme Court'.
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