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Federal Energy Regulatory
Commission (FERC)
The Federal Energy Regulatory
Commission, established in 1977, regulates wholesale electricity
markets, specifically the power and transmission sales and service
among utilities and between utilities and non-utility generators. An
independent agency of the Department of Energy, the FERC is composed
of five members appointed by the President of the United States and
confirmed by the Senate. Commissioners serve five-year staggered
terms, and each has an equal vote on all regulatory matters.
MAPP -
Mid-Continent Area Power Pool
A voluntary organization that was
formed by electric utilities serving customers in eight states and two
Canadian provinces to establish operational rules and ensure
reliability of the electric grid serving the area. In place for many
years, it is now being phased out because of the deregulation of
generation and transmission. In its place is a regional transmission
organization called the Midwest Independent System Operator (MISO)
that will serve a much larger area but will provide the same
operational and reliability rules previously provided by MAPP.
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