Federal Energy Regulatory Commission
FERC is an independent agency that regulates the interstate transmission of natural gas, oil and electricity. FERC also reviews proposals to build LNG terminals and interstate natural gas pipelines as well as licensing hydropower projects.
FERC’s responsibilities include:
- Regulate the transmission and wholesale sales of electricity in interstate commerce.
- Reviews certain mergers and acquisitions and corporate transactions by electricity companies.
- Regulates the transmission and sale of natural gas for resale in interstate commerce.
- Regulates the transportation of oil by pipeline in interstate commerce.
- Approves the siting and abandonment of interstate natural gas pipelines and storage facilities.
- Reviews the siting application for electric transmission projects under certain circumstances.
- Ensures the safe operation and reliability of proposed and operating LNG terminals.
- Licenses and inspects private, municipal, and state hydroelectric projects.
- Protects the reliability of the high voltage interstate transmission system through mandatory reliability standards.
- Monitors and investigates energy markets.
- Enforces FERC regulatory requirements through imposition of civil penalties and other means.
- Oversees environmental matters related to natural gas and hydroelectricity projects and other matters.
- Administers accounting and financial reporting regulations and conduct of regulated companies.