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Understanding the Federal Power Marketing Agency and Its Functions
Definition & Meaning
The term Federal Power Marketing Agency refers to any agency or instrumentality of the United States, excluding the Tennessee Valley Authority, that is authorized to sell electric energy. These agencies play a crucial role in the distribution and marketing of power generated from federal resources, ensuring that electricity is available to various regions across the country.
Table of content
Legal Use & context
Federal Power Marketing Agencies are primarily involved in the energy sector, specifically in the marketing and distribution of electricity. They operate under federal regulations and are essential for managing the sale of power generated from hydroelectric facilities and other federal resources. Legal practice in this area may involve energy law, regulatory compliance, and contracts related to the sale of electricity. Users can manage related forms, such as power purchase agreements, through legal templates available on platforms like US Legal Forms.
Key legal elements
Real-world examples
Here are a couple of examples of abatement:
For instance, the Western Area Power Administration is a Federal Power Marketing Agency that sells electricity generated from hydroelectric plants in the western United States. Another example is the Bonneville Power Administration, which markets power generated from federal dams in the Pacific Northwest. (hypothetical example)
Relevant laws & statutes
The primary legal reference for Federal Power Marketing Agencies is found in Title 16 of the United States Code, specifically under 16 USCS § 796 (19). This statute defines the term and outlines the operational framework for these agencies.
Comparison with related terms
Term
Definition
Key Differences
Federal Power Marketing Agency
An agency that sells electric energy generated from federal resources.
Excludes the Tennessee Valley Authority and focuses on federal power resources.
Tennessee Valley Authority
A federally owned corporation that provides electricity for business customers and local power companies.
It is not classified as a Federal Power Marketing Agency.
Common misunderstandings
What to do if this term applies to you
If you are involved with a Federal Power Marketing Agency, it is advisable to understand your rights and obligations under federal law. You can explore US Legal Forms for templates related to power agreements or compliance documents. If your situation is complex or involves disputes, seeking professional legal assistance may be necessary.
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