For Citizens About FERC
Mission: Reliable, Efficient and Sustainable Energy for Customers
Assist consumers in obtaining reliable, efficient and sustainable energy services at a reasonable cost through appropriate regulatory and market means.
Fulfilling this mission involves pursuing two primary goals:
- Ensure that rates, terms and conditions are just, reasonable and not unduly discriminatory or preferential.
- Promote the development of safe, reliable and efficient energy infrastructure that serves the public interest.
To view the complete plan please download the Full Version
What FERC Does | What FERC Does NOT Do |
---|---|
FERC is an independent agency that regulates the interstate transmission of natural gas, oil, and electricity. FERC also regulates natural gas and hydropower projects. Economic Regulation
|
Areas considered outside of FERC's jurisdiction are: Economic Regulation
|
How the Commission is Appointed
The Federal Energy Regulatory Commission is composed of 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.
To avoid any undue political influence or pressure, no more
than three commissioners may belong to the same political party.
There is no review of FERC decisions by the President or Congress,
maintaining FERC's independence as a regulatory agency, and
providing for fair and unbiased decisions. The Commission is
funded through costs recovered by the fees and annual charges
from the industries it regulates.
One member of the Commission is designated by the President
to serve as Chair and FERC's administrative head.