Federal Power Act

The Federal Power Act, enacted in 1920, is a law that regulates the generation, transmission, and sale of electricity across state lines in the United States. It authorizes the Federal Energy Regulatory Commission (FERC) to oversee and approve rates, ensure fair competition, and maintain reliable interstate electricity markets. The act also grants FERC authority to license hydroelectric projects and oversee wholesale electricity transactions, balancing the interests of consumers, utility companies, and environmental concerns. Overall, it aims to promote a stable, efficient, and fair national electricity system.