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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 regulates the prices of interstate transport of petroleum by pipeline.
SERC is a regional entity authorized to perform this important responsibility under a Federal Energy Regulatory Commission approved delegation agreement with North American Electric Reliability Corporation (NERC).
According to NARUC, the "Electricity Committee develops and advances policies that promote reliable, adequate, and affordable supply of electricity." The committee works closely with the Federal Energy Regulatory Commission (FERC) and other federal agencies. [7] The committee chairman is Edward S. Finley, Jr. of the North Carolina Utilities ...
This mission includes developing, monitoring, and enforcing compliance to FERC-approved reliability standards for all owners, operators, and users of the bulk power system; the development and dissemination of timely and instructive information (including assist visits, internal control evaluations, lessons learned, seminars, workshops, and ...
The FPC has since been replaced by the Federal Energy Regulatory Commission. The FPC also regulated interstate electric utilities and the natural gas industry. In June 1939, President Roosevelt appointed Leland Olds to the FPC, who served as chairman from January 1940 until 1949. Under Olds’ leadership, the FPC successfully pressured electric ...
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To help federal agencies manage their dockets, the Federal Docket Management System (FDMS) was launched in 2005 and is the agency side of regulations.gov. In April 2009, Citation Technologies created a free, searchable website for Federal Register articles dating from 1996 to the present. [7]
The Federal Energy Regulatory Commission (FERC)'s Energy Policy Act of 1992 was the first major step towards electric deregulation in North America, and was followed by a much more definitive action when FERC issued Orders 888 and 889 in 1996, which laid the groundwork for formalized deregulation of the industry and led to the creation of the network of Open Access Same-Time Information System ...