The Commissions approves rates for wholesale interstate electric power and transmission, overseeing issuance of certain stock and debt securities, assumption of obligations and liabilities, and mergers, reviewing rates set by the Bonneville Power Administration and federal power marketing administrations, and certifying qualified small power production and cogenerators which uses energy for both production of electricity and industrial process.
The Commission grants market-based rate authorization for wholesale sales of electric energy, capacity and ancillary services by sellers that can demonstrate that they and their affiliates lack or have adequately mitigated horizontal and vertical market power.
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The Commission is responsible for determining whether merger and corporate applications are consistent with the public interest.
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Office of Electric Reliability (OER) will help protect and improve the reliability and security of the nation's bulk power system through effective regulatory oversight as established by Congress and the President in the Energy Policy Act of 2005.
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Certifying qualified small power production and cogenerators which uses energy for both production of electricity and industrial process.
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The EQR is the reporting mechanism FERC uses for public utilities to fulfill their responsibility under section 205(c) of the Federal Power Act (FPA) to have their rates and charges on file in a convenient form and place.
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Traditional wholesale electricity markets exist primarily in the Southeast, Southwest and Northwest where utilities are responsible for system operations and management, and, typically, for providing power to retail consumers.
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