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What is the FERC?

April 26, 2017ferc

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What is the FERC?

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The Federal Energy Regulatory Commission (FERC) is an independent federal agency that regulates the transmission of electric energy in interstate commerce and the sale of electric energy at wholesale in interstate commerce. The FERC does not regulate facilities used for the generation of electric energy or facilities used in local distribution. FERC must approve any PJM proposed changes to the wholesale electricity markets or to PJM’s transmission planning parameters, including cost allocations for such transmission. FERC claims the authority to approve the siting of a transmission line where a state denies transmission siting approval or where the state takes more than one year to site the transmission line.