What is the purpose of the Federal Energy Regulatory Commission?
The purpose of the Federal Energy Regulatory Commission (FERC) is to ensure reliable and affordable energy in Washington and throughout the United States. The FERC is responsible for regulating interstate electricity sales, wholesale electricity rates, natural gas transportation rates, oil pipeline rates, and hydropower licensing. FERC ensures that electricity is supplied for the public’s best interests by monitoring and overseeing the electric power grid in the United States. FERC also works to ensure that Washington’s consumers receive reliable and quality service from electric providers. The FERC establishes rates for wholesale electricity, which is the amount that utilities are charged for the electricity they purchase for their customers. Additionally, FERC works to ensure that natural gas is transported within the state in a safe and reliable manner. They set standards for the transportation and inspection of natural gas pipelines and require that they be maintained according to these standards. Finally, FERC ensures that Washington’s hydropower projects are licensed in accordance with applicable laws and regulations. They also authorize and approve various projects, such as fish passage, environmental studies, and instream flow. Overall, the Federal Energy Regulatory Commission has several important duties and responsibilities when it comes to energy in Washington. Through their work, they help to ensure that the state’s energy is produced and delivered reliably, safely, and affordably.
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