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Federal Energy Regulatory Commission, U.S.

Initial federal legal authority to regulate oil pipelines was given to the Interstate Commerce Commission in 1906 (Pub. L. 59–337). Following seven decades of governmental regulatory policymaking development and evolution, the Federal Energy Regulatory Commission (FERC) was established in 1977 within the newly created Department of Energy (DOE) (Pub. L. 95–91). FERC is an independent agency within DOE consisting of five presidentially appointed members subject to Senate confirmation. Its primary responsibilities include regulating the prices and interstate transmission of electricity, natural gas, and oil. Additional responsibilities include reviewing proposals to build and locate liquefied natural gas terminals and interstate natural gas pipelines as well as licensing hydropower projects along with regulating mergers and securities acquisitions under the 1938 Natural Gas Act (Pub. L. 75–688) and ...

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