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.]

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资深译员Connie，国际知名法学院金融专业，擅长翻译各类与证券监管执法相关的法律文件。