| Webster's Online Dictionary |
| Expressions | Domain | Definition | |
| Federal energy regulatory commission | Energy | An independent regulatory commission within the U. S. Department of Energy that has jurisdiction over energy producers that sell or transport fuels for resale in interstate commerce; the authority to set oil and gas pipeline transportation rates and to set the value of oil and gas pipelines for ratemaking purposes; and regulates wholesale electric rates and hydroelectric plant licenses. (FERC). (references) | |
| Federal energy regulatory commission (FERC) | Energy | 1: Established in 1977 (replacing the Federal Power Commission) the primary responsibility of ensuring the Nation's consumers adequate energy supplies at just and reasonable rates and providing regulatory incentives for increased productivity, efficiency, and competition. Its primary functions are to establish and enforce rates and regulations regarding interstate aspects of the electric, natural gas, and oil industries. It also issues licenses for nonfederal hydroelectric plants and certifies small power production and cogeneration facilities. (references) | |
| 2: A quasi-independent regulatory agency within the Department of Energy having jurisdiction over inter-state electricity sales, wholesale electric rates, hydro-electric licensing, natural gas pricing, oil pipeline rates, and gas pipeline certification. (references) | |||
| 3: Independent commission that regulates the transmission of oil and natural gas, the transmission and wholesale sale of electricity, and the licensing of hydroelectric companies. (references) | |||
| 4: The Federal agency with jurisdiction over interstate electricity sales, wholesale electric rates, hydroelectric licensing, natural gas pricing, petroleum pipeline rates, and natural gas pipeline certification. FERC is an independent regulatory agency within the Department of Energy and is the successor to the Federal Power Commission. (references) | |||
| 5: This is an independent regulatory agency within the U.S. DOE that has jurisdiction over interstate electricity sales, wholesale electric rates, natural gas pricing, oil pipeline rates, and gas pipeline certification. It also licenses and inspects private, municipal, and state hydroelectric projects and oversees related environmental matters. (references) | |||
| Federal energy regulatory commission (FERC) | Physics | An quasi-independent regulatory commission within the U.S. Department of Energy that has jurisdiction over energy producers that sell or transport fuels for resale in interstate commerce; the authority to set oil and gas pipeline transportation rates and to set the value of oil and gas pipelines for ratemaking purposes; natural gas pricing, gas pipeline certification, and regulates wholesale electric rates and hydroelectric plant licenses. It is the chief energy regulatory body of the U.S. government. FERC was given new powers when Congress passed the Energy Policy Act of 1992. Under the Act, FERC is responsible for determining Exempt Wholesale Generator (EWG) status, and has the authority to order utilities to provide access to their power transmission systems to other electric generators. In addition, FERC certifies Qualifying Facilities (QFs: another term for IPP) as defined by the Public Utility Regulatory Policies Act; establishes and enforces rates for power sales and transmission services; issues licenses for hydroelectric projects; and regulates aspects of mergers and acquisitions of gas and electric utility companies. The commission also establishes and enforces rates related to the sale and transportation of oil and natural gas. (references) | |
| Federal energy regulatory commission (FERC) | Technology | Agency primarily responsible for ensuring adequate energy supplies at just and reasonable rates and providing regulatory incentives for increased productivity, efficiency, and competition. (references) | |
Source: compiled by the editor from various references; see credits. | Top | ||
