Definition
The federal statute, as amended, codified at 16 U.S.C. §§ 791a et seq., that grants FERC jurisdiction over wholesale electricity markets and the interstate transmission and sale of electric energy. The Federal Power Act is the legal foundation for FERC's authority to require open-access transmission under the OATT, regulate generator interconnection under the LGIP, and oversee wholesale electricity markets.
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Topic Deck
OATT Core Concepts
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Source
FERC Pro Forma OATT / LGIP
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