Federal Energy Regulatory Commission (FERC) (Federal Agency Profiles)
PARENT ORGANIZATION: Department of Energy
ESTABLISHED: October 1, 1977
ADDRESS: 888 1st St. NE Washington, DC 20426
PHONE: (202) 208-0055
TDD (HEARING IMPAIRED): (202) 208-0345
FAX: (202) 208-2320
CHAIRMAN: James J. Hoecker
WHAT IS ITS MISSION?
According to its published mission statement, the Federal Energy Regulatory Commission (FERC) exists "to oversee America's electric utilities, natural gas industry, hydroelectric projects, and oil pipeline transportation system." Since FERC's creation in 1977, its role has evolved from that of a limited regulatory agency to that of a leader in the regulatory reform process needed to foster healthy competition in the energy industry and create more consumer choices.
HOW IS IT STRUCTURED?
FERC is an independent regulatory commission within the Department of Energy, which is a cabinet-level agency that reports directly to the president of the United States. The commission has five members, who serve staggered terms: one member is appointed by the president, with the advice and consent of...
(The entire section is 2185 words.)
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