In fiscal 2015, the FERC had $304 million in budget outlays and 1,456 employees.4
- Meets with the other members to decide issues concerned with:
- The issuance and enforcement of licenses for hydro-electric power projects
- The establishment and enforcement of rates and charges for the wholesale sales and transmission of electric energy and for transmission interconnections
- The establishment and enforcement of rates and charges for the transportation of natural gas and certain wholesale sales of natural gas
- The issuance and enforcement of certificates of public convenience and necessity for construction of natural gas pipeline facilities and abandonment of services or facilities, etc.
- The regulation of mergers and certain securities acquisitions and issuances of securities under the Federal Power Act
- Oversight and enforcement of mandatory reliability standards for the electric transmission grid
- Other matters as required by law
- Considers all proposals by the secretary designated as energy actions by the Energy Policy and Conservation Act to increase crude oil price ceilings in excess of the statutory ceiling or to exempt petroleum products from price and/or allocation controls
- Has jurisdiction over matters that are required by statute or by determination of the secretary to be decided “on the record”” after an opportunity for an agency hearing
- Hears appeals from certain denials of requests for adjustments and from remedial orders issued by the secretary
- Chairman:
- Oversees the executive and administrative operation of FERC
- Serves as the chief administrator of FERC and as presiding officer for official meetings of the five member commission
- Oversees the appointment and employment of hearing examiners and the selection and appointment of personnel as he deems necessary, including an executive director and the procurement of services, experts and consultants5