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The Federal Energy Regulatory Commission, or FERC, is an independent agency that regulates the interstate transmission of natural gas, oil, and electricity. FERC also regulates natural gas and hydropower projects.
On July 28, 2023, the Federal Energy Regulatory Commission (FERC or Commission) issued a new rule to reform procedures and agreements that electric transmission providers use to integrate new generating facilities into the existing transmission system, sometimes referred to as the electric grid or grid.[1]
The Federal Energy Regulatory Commission, or FERC, is an independent agency that regulates the interstate transmission of electricity, natural gas, and oil.
The Federal Energy Regulatory Commission (FERC) regulates the rates these transmission owners charge for delivering electricity across state lines. FERC also can approve financial incentives for certain construction and operational activities.
FERC does not have the authority to regulate transmission line construction. This authority rests with the individual States or State Public Utility Commissions .
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The bilateral reciprocity condition is an attempt to bring these owners into the open access world. Any transmission owner who takes service under a FERC tariff must promise to reciprocate, that is, to make available to the utility from whom they are getting service comparable transmission service.

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