FEDERAL ENERGY REGULATORY COMMISSION

Federal Energy Regulatory Commission.An independent five-member commission in the U.S.

Department of Energy responsible for licensing hydroelectric-power projects and for setting

interstate rates on (1) transporting and selling natural gas for resale, (2) transporting and selling

electricity at wholesale, and (3) transporting oil by pipeline. • It was created by the Department of

Energy Organization Act of 1977. As enforcer of the Natural Gas Act, it succeeded the Federal

Power Commission. — Abbr. FERC. [Cases: Gas 1.][Blacks Law 8th]