Commissioners
| Name | Title | Took office |
|---|
| Neil Chatterjee | Commissioner | August 8, 2017 |
| James Danly | Commissioner | March 31, 2020 |
| Allison Clements | Commissioner | December 8, 2020 |
| Mark C. Christie | Commissioner | January 4, 2021 |
The Federal Energy Regulatory Commission (FERC) is an independent agency within the Department of Energy which regulates the interstate transmission of electricity, natural gas, and oil.
When FERC was established in 1977 as a replacement for the Federal Power Commission, its mandate was to determine whether wholesale electricity prices were unjust and unreasonable and, if so, to regulate pricing and order refunds for overcharges to ratepayers.
NERC is the Electric Reliability Organization (ERO) for North America, subject to oversight by the Federal Energy Regulatory Commission (FERC) and governmental authorities in Canada. NERC's jurisdiction includes users, owners, and operators of the bulk power system, which serves nearly 400 million people.
• In the United States of America the Federal Energy Regulatory Commission (FERC) requires public utilities and licensees to maintain their books and records in accordance with the Commission's Uniform System of Accounts (USOA).
Interstate pipelines are managed by the Federal Energy Regulatory Commission (FERC) and the U.S. Department of Transportation (DOT). The Federal Energy Regulatory Commission regulates pipelines, storage, natural gas transportation in interstate commerce, and liquefied natural gas facility construction.
ERCOT is largely independent of FERC and federal regulation because it does not engage in significant interstate trading — it operates under its own system islanded off from the eastern and western interconnections.
Overview. The Federal Energy Regulatory Commission (FERC) is composed of up to five commissioners who are appointed by the President of the United States with the advice and consent of the Senate. Commissioners serve five-year terms, and have an equal vote on regulatory matters.
Public Utility Regulatory Policies Act of 1978
FERC has no jurisdiction over construction or maintenance of production wells, oil pipelines, refineries, or storage facilities. The Environmental Protection Agency has jurisdiction over oil spills.
The Electric Reliability Council of Texas (ERCOT) is regulated by the Texas Public Utilities Commission, not by FERC. But it seems like "common sense" that grid operators "in a bind," as ERCOT was this week, may want to reassess their models, he added.
TVA's rates are not subject to state or FERC regulation but are set by the TVA's board of directors. Fossil fuel plants produce about 60% of TVA's power, nuclear another 30%, and hydropower dams about 10%.
