Abstract
Abstract:
The article discusses the functions of the U.S. Federal Energy Regulatory Commission (FERC). It expresses that FERC aims to develop energy infrastructure and competitive markets to restrict abuse, discriminations and rule violations. FERC monitors the market, checks prices and anomalies as well as ensure company compliance on specific programs. It offers guidelines on how companies could limit their risk for civil penalties through self-reporting and internal compliance. Furthermore, FERC assesses whether the violation causes death, injury and damage of property or environment.
