High Quality Content by WIKIPEDIA articles! High Quality Content by WIKIPEDIA articles! The Federal Energy Regulatory Commission (FERC) is the United States federal agency with jurisdiction over interstate electricity sales, wholesale electric rates, hydroelectric licensing, natural gas pricing, and oil pipeline rates. FERC also reviews and authorizes liquefied natural gas (LNG) terminals, interstate natural gas pipelines and non-federal hydropower projects.A predecessor agency, the Federal Power Commission, was founded in 1920 to allow cabinet members to coordinate federal hydropower development.In 1935, the FPC was transformed into an independent regulatory agency with five members nominated by the President and confirmed by the Senate. At that time the FPC regulated both hydropower and interstate electricity.

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