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).