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Federal Energy Regulatory Commission - Wikipedia, the free encyclopedia (390 words) |
 | FERC has also been heavily involved in the California electricity crisis and in investigating allegations of electricity market manipulation by Enron and other energy companies. |
| FERC is also working with Canadian energy officials to facilitate processing of the Alaskan Natural Gas Pipeline, which would bring natural gas from Alaska's North Slope to the lower 48 States. |
| FERC regulates approximately 1,600 hydroelectric projects in the U.S. It is largely responsible for permitting the construction of a large network of interstate natural gas pipelines. |
| FERC and Wall Street (1181 words) |
| FERC Commissioner Nora Brownell indicated during the public meeting hours earlier that she would likely not support California's argument that the contracts be voided because it would scare away investors or discourage companies from signing similar deals in the future. |
| But, in what appears to be a violation of FERC's own federal rules, Brownell told the Wall Street analysts on the conference call after the meeting exactly how she and Wood would vote on the issue when it comes up for a vote at a FERC meeting in mid-April. |
| On the other hand, FERC doesn't want to scare away more investment from the electricity industry, which is still in desperate need of new electric transmission lines and will need more power plants soon in some regions of the country. |
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