Federal Power Act
/ˈfɛdərəl ˈpaʊər ækt/
Definitions
- (n.) A United States federal statute enacted in 1920 that regulates the interstate transmission of electricity, natural gas, and oil, establishing the Federal Energy Regulatory Commission's authority.
The Federal Power Act empowers FERC to oversee electricity markets and ensure just and reasonable rates.
Forms
- federal power act
Related terms
See also
Commentary
Commonly abbreviated as FPA; crucial for regulating interstate energy transmission and coordinating federal and state authority.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.