What FERC does not regulate
Brief History of Electricity Regulation
The Commission acts under the legal authority of three different Federal Laws passed by Congress. They are:
FERC and Open Energy Markets
FERC issued a series of orders to create greater accessibility of electric generation resources. This restructured the electric utility market, moving the industry from the traditional franchised utility service to an open market where customers are not held to one service provider for power.
Additionally, new regional transmission organizations (RTO's) allow customers to purchase power from sellers outside their traditional electric utility service territory.
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