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.
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|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.
Areas considered outside of FERC's jurisdiction are:
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.