Federal Power Commission

The regulatory agency created by the Natural Gas Act was the Federal Power Commission (FPC). The original FPC was charged with a number of tasks:

  • Regulate natural gas in interstate commerce.
  • Promote the conservation of natural gas resources.
  • Set out a uniform standard of accounting for interstate pipelines.
  • Grant Certificates of Public Convenience and Necessity that would ensure that construction of pipeline facilities was always in the public interest.
  • Require pipelines to provide service to local distribution companies.
  • Authorize rates and tariffs and standardize contracts used for the sale and transportation of natural gas.

The FPC was replaced by the Federal Energy Regulatory Commission (FERC) in 1977.