FERC & NERC Alert.
What they mean to you.
What is FERC? 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.
What is NERC? The North American Electric Reliability Corporation (NERC), a nonprofit corporation based in Princeton, NJ, was formed on March 28, 2006 as the successor to the North American Electric Reliability Council (also known as NERC). The original NERC was formed on June 1, 1968 by the electric utility industry to promote the reliability and adequacy of bulk power transmission in the electric utility systems of North America. NERC's mission states that it is to "ensure that the bulk power system in North America is reliable.“
NERC oversees eight regional reliability entities and encompasses all of the interconnected power systems of the contiguous United States, Canada and a portion ofBaja California in Mexico.
NERC Authority Entities in the U.S. found to be in violation of a standard can be subject to fines of up to $1 million per day per violation.
FERC/NERC STRUCTURE FERC
NERC
Reliability Standards FAC 003
FAC 008
FAC 009
(Vegetation)
(Facility Rating Method)
(Establish Facility Rating)
To improve the reliability of the electric transmission systems by preventing outages from vegetation located on transmission rights-of-way (ROW) and minimizing outages from vegetation.
To ensure that Facility Ratings used in the reliable planning and operation of the Bulk Electric System (BES) are determined based on an established methodology or methodologies.
To ensure that Facility Ratings used in the reliable planning and operation of the Bulk Electric System (BES) are determined based on an established methodology or methodologies.