|Federal Energy Regulatory Commission|
|ENACTED||Created 1977; however, FERC’s predecessor began in1920.|
|SUMMARY||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.|
|INDUSTRY||Interstate transmission of natural gas, oil and electricity, natural gas and hydropower projects.|
Natural Gas Policy Act, EPAct 2005 made three major changes to the Commission's civil penalty authority.
In addition, Congress expanded the scope of the criminal provisions of the FPA, NGA, and NGPA by increasing the maximum fines and increasing the maximum imprisonment time that apply when the Commission refers the case to the Department of Justice for criminal prosecution.