Understanding the Federal Power Commission [FPC]: History and Impact

Definition & Meaning

The Federal Power Commission (FPC) was an independent agency of the U.S. government created in 1930. Its primary role was to oversee and regulate the interstate energy sector, including electric utilities and the natural gas industry. The commission consisted of members who were nominated by the President and confirmed by the Senate. In 1977, the FPC was dissolved and its responsibilities were transferred to the Federal Energy Regulatory Commission (FERC).

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Real-world examples

Here are a couple of examples of abatement:

One example of the FPC's work involved regulating the rates charged by electric utilities to ensure fair pricing for consumers. Another example is its role in overseeing the natural gas industry, where it established guidelines for interstate gas transportation (hypothetical example).

Comparison with related terms

Term Definition Key Differences
Federal Energy Regulatory Commission (FERC) The current agency that regulates interstate electricity, natural gas, and oil. FERC replaced the FPC in 1977 and expanded its regulatory scope.
Public Utility Commission (PUC) State-level agencies that regulate local utilities. PUCs operate at the state level, while the FPC/FERC operates federally.

What to do if this term applies to you

If you are dealing with issues related to energy regulation or utility management, consider exploring US Legal Forms for templates that can help you navigate these matters. If your situation is complex, seeking professional legal advice may be necessary.

Quick facts

Attribute Details
Established 1930
Dissolved 1977
Replaced by Federal Energy Regulatory Commission (FERC)

Key takeaways

Frequently asked questions

The main purpose was to regulate the interstate energy industry, including electric utilities and natural gas.