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Utility ratemaking is the formal regulatory process in the United States by which public utilities set the prices (more commonly known as "rates") they will charge consumers. [1] Ratemaking, typically carried out through "rate cases" before a public utilities commission , serves as one of the primary instruments of government regulation of ...
The federal agency was created to market electricity from the Bonneville and Grand Coulee dams based on the model of the Tennessee Valley Authority (TVA). It would provide a flat rate for customer utilities and use revenue from these sales to pay off the bonds used by the federal government to finance the construction of dams in the Pacific ...
FERC was created by the U.S. Congress in 1977 in the aftermath of the 1973 oil crisis. FERC is an independent agency, despite being part of the U.S. Department of Energy. It is headed by five commissioners who are nominated by the U.S. president and confirmed by the U.S. Senate. There may be no more than three commissioners of one political ...
The Interstate Commerce Commission and Federal Communications Commission perform similar functions in their respective fields in the United States. The first state utility regulator was the Public Service Commission of Wisconsin, founded in 1907 under Governor Robert M. La Follette to set minimum standards and regulate rates of monopoly ...
The law forced electric utilities to buy power from other more efficient producers, such as cogeneration plants, if that cost was less than the utility's own "avoided cost" rate to the consumer; the avoided cost rate was the additional costs that the electric utility would incur if it generated the required power itself, or if available, could ...
The fiscal largesse has juiced the economy enough to make the Fed’s higher rates less noticeable, a condition that could change in the days ahead if benchmark rates hold high, said Troy Ludtka ...
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It wasn't until 2005 that the authority changed, when the Energy Policy Act of 2005(Pub.L. 109-58) was enacted, and established the Secretary of the Interior to administer the federal water, within the federal regulatory agency of the Bureau of Ocean Energy Management (BOEM), previously known as the Minerals Management Service (MMS).