Federal Energy Regulatory Commission (FERC): www.ferc.gov
The Federal Energy Regulatory Commission, or FERC, is an independent agency that regulates the interstate transmission of natural gas, oil, and electricity. FERC also regulates natural gas and hydropower projects. The FERC will monitor and regulate Delhi Gas Storage’s development, construction and operations. The Energy Policy Act of 2005 gave FERC additional responsibilities as outlined on the official FERC website. As it applies to gas facilities, FERC:
- Regulates the transmission and sale of natural gas for resale in interstate commerce;
- Approves the siting of and abandonment of interstate natural gas facilities, including pipelines, storage and liquefied natural gas;
- Monitors and investigates energy markets;
- Uses civil penalties and other means against energy organizations and individuals who violate FERC rules in the energy markets;
- Oversees environmental matters related to natural gas and hydroelectricity projects and major electricity policy initiatives; and
- Administers accounting and financial reporting regulations and conduct of regulated companies.