Question 1
How many industries does FERC regulate?
Answer:
Four
Question 2
Where are the Commission's Headquarters?
Answer:
Washington, D.C.
Question 3
How many years do Commissioners serve for?
Answer:
Five
Question 4
Does taxpayer money support the Commission?
Answer:
No, the Commission recoups its costs from fees.
Question 5
What was the original name of FERC when it was founded in 1920?
Answer:
Federal Power Commission.
Question 6
When was the Federal Power Act passed?
Answer:
1920
Question 7
Who regulates retail energy prices?
Answer:
The individual states.
Question 8
How many different ways are there for rates for oil pipelines
to be established? Bonus question: Name them.
Answer:
Four. They are: Indexing, Cost-of -Service, Settlement and Market-based.
Question 9
Does the FERC regulate electricity poles?
Answer:
No, but the FERC regulates the transmission of the power across interstate lines.
Question 10
How many feet of ground is a pipeline usually buried under?
Answer:
Three
