FERC (Federal Energy Regulatory Commission)

The Federal Energy Regulatory Commission (FERC) is an independent U.S. government agency responsible for regulating the interstate transmission of electricity, natural gas, and oil. It oversees the energy markets, ensuring fair competition and protecting the interests of consumers. FERC also approves rates for energy services, grants licenses for energy projects like hydroelectric dams, and enforces regulations that promote reliable energy supply while encouraging investment in infrastructure. Its mission balances the need for reliable energy with environmental and economic considerations.