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The Federal Energy Regulatory Commission (FERC) is an independent agency of the [[United States]] government that regulates energy industries, supposedly in the interest of the American public.<ref>http://www.ferc.gov/</ref> It emphasizes economic and environmental concerns in its regulations.  Critics complain that FERC, like all large agencies, are subject to [[agency capture]] such that they actually advance the interests of the industries they regulate.

The '''Federal Energy Regulatory Commission (FERC)''' is an independent agency of the [[United States]] government that regulates energy industries, supposedly in the interest of the American public.<ref>http://www.ferc.gov/</ref> It emphasizes economic and environmental concerns in its regulations.  Critics complain that FERC, like all large agencies, are subject to [[agency capture]] such that they actually advance the interests of the industries they regulate.

Specifically, FERC regulates the interstate transmission of natural gas, oil, and electricity, including hydropower and natural gas projects.  Its regulations fall under several categories explained below.

Specifically, FERC regulates the interstate transmission of natural gas, oil, and electricity, including hydropower and natural gas projects.  Its regulations fall under several categories explained below.