Fed'eral En'ergy Reg'ulatory Commis"sion
an independent agency of the U.S. federal government, created in 1978 and originally within the Department of Energy, charged with setting rates for transportation and sale of electricity, transportation of oil by pipeline, and the licensing of hydroelectric power projects. Abbr.: FERC
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.