The Federal Energy Regulatory Commission approved a $700 million liquefied natural gas terminal on Thursday for Long Island Sound, however the project faces opposition on environmental grounds and the chance of a catastrophe should the terminal become the target of the organization. Open Meetings and different designated FERC conferences additionally are provided, for a fee, by audio phone bridge by The Capitol Connection. FERC conferences via phone.
FERC is an independent regulatory agency at intervals the United States Department of Energy. Neither the President nor Congress reviews FERC decisions. Each FERC choices are reviewable by the federal courts. FERC is additionally self funding. The Commission pays for itself by recovering costs directly from the industries it regulates through annual charges and fees.
FERC has conjointly been heavily concerned within the California electricity crisis and in investigating allegations of electricity plug manipulation by Enron and other energy companies. FERC has collected over $6.3 billion from California electric sell participants by facilitating settlements. FERC is additionally operating with Canadian energy officers to facilitate processing of a proposed Alaskan Natural Gas Pipeline, which would bring natural gas from Alaska's North Slope to the lower forty eight States.
FERC regulates nearly one,600 hydroelectric comes within the U.S. It is largely accountable for permitting the development of a large network of interstate natural gas pipelines. FERC also works accurately with the United States Coast Guard in reviewing the protection, security and environmental impacts of proposed LNG terminals and associated shipping.
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