FERC is an independent regulatory agency among the United States Department of Energy. Neither the President nor Congress reviews FERC decisions. All FERC decisions are reviewable by the federal courts. FERC is also self funding. The Commission pays for itself by recovering costs directly from the industries it regulates through annual charges and fees.
FERC is freelance of the Department of Energy, however DOE might intervene just like several different party in FERC proceedings. FERC activities "shall not be subject to further read by the Secretary [of Energy] or any officer or employee of the Department."[5]
In recent times, the FERC has been promoting the voluntary formation of Regional Transmission Organizations (RTOs) and Independent Process Operators (ISOs) to eliminate the potential for undue discrimination in access to the electrical grid. However since the passage of recent energy legislation, it's aggressively developed laws to implement key provisions of the new law handling LNG terminals, electric reliability, Public Utility Holding Company Act of 1935 repeal and implementation of the Public Utility Holding Company Act of 2005, new merger rules and fresh anti-promote manipulation regulations.
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