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Federal Energy Regulatory Commission, Department of Energy, Executive (31 - 40 of 157 items)
National Energy Policy: Inventory of Major Federal Energy Programs and Status of Policy Recommendations
GAO-05-379: Published: Jun 10, 2005. Publicly Released: Jun 14, 2005.
The lives of most Americans are affected by energy. Increased energy demand and higher energy prices has led to concerns about dependable, affordable, and environmentally sound energy. The federal government has adopted energy policies and implemented programs over the years that have focused on the appropriate role of the federal government in energy, attempting to achieve balance between supply...
Electricity Markets: Consumers Could Benefit from Demand Programs, but Challenges Remain
GAO-04-844: Published: Aug 13, 2004. Publicly Released: Sep 13, 2004.
The efficient and reliable functioning of the more than $200 billion electric industry is vital to the lives of all Americans. As demonstrated in the 2003 black- out in the Northeast and the 2001 energy crisis in the West, changes in the cost and availability of electricity can have significant impacts on consumers and the national economy. The Federal Energy Regulatory Commission (FERC) supports...
Posthearing Questions from the September 17, 2003, Hearing on Implications of Power Blackouts for the Nation's Cybersecurity and Critical Infrastructure Protection: The Electric Grid, Critical Interdependencies, Vulnerabilities, and Readiness"
GAO-04-300R: Published: Dec 8, 2003. Publicly Released: Dec 8, 2003.
As requested in a letter of November 5, 2003, this letter provides our responses for the record to the questions posed to GAO. At the subject hearing, we discussed the challenges that the Department of Homeland Security (DHS) faces in integrating its information gathering and sharing functions, particularly as they relate to fulfilling the department's responsibilities for critical infrastructure...
Electricity Restructuring: 2003 Blackout Identifies Crisis and Opportunity for the Electricity Sector
GAO-04-204: Published: Nov 18, 2003. Publicly Released: Nov 18, 2003.
The August 14, 2003, electricity blackout--the largest in the nation's history--affected millions of people across eight northeastern and midwestern states as well as areas in Canada. The blackout intensified concerns about the overall status and security of the electricity industry at a time when the industry is undergoing major changes and Americans have a heightened awareness of threats to secu...
Energy Markets: Additional Actions Would Help Ensure That FERC's Oversight and Enforcement Capability Is Comprehensive and Systematic
GAO-03-845: Published: Aug 15, 2003. Publicly Released: Aug 27, 2003.
In June 2002, GAO reported that the Federal Energy Regulatory Commission (FERC) had not yet adequately revised its regulatory and oversight approach for the natural gas and electricity industries' transition from regulated monopolies to competitive markets. GAO also concluded that FERC faced significant human capital challenges to transform its workforce to meet such changes. In responding to the...
Electricity Restructuring: Action Needed to Address Emerging Gaps in Federal Information Collection
GAO-03-586: Published: Jun 30, 2003. Publicly Released: Jul 30, 2003.
The ongoing transition (or restructuring) of electricity markets from regulated monopolies to competitive markets is one of the largest single industrial reorganizations in the history of the world. While information is becoming more critical for understanding how well restructuring is working, there are troubling indications that some market participants deliberately misreported information to ma...
Electricity Markets: FERC's Role in Protecting Consumers
GAO-03-726R: Published: Jun 6, 2003. Publicly Released: Jun 27, 2003.
The electricity industry is currently undergoing a restructuring, evolving from an industry characterized by monopoly utilities that provide consumers with electricity at regulated rates to a competitive industry in which prices are largely determined by supply and demand. The Federal Energy Regulatory Commission (FERC) has been engaged in this restructuring effort and is currently working, among...
Federal Energy Regulatory Commission: Charges for Hydropower Projects' Use of Federal Lands Need to Be Reassessed
GAO-03-383: Published: May 20, 2003. Publicly Released: May 20, 2003.
Hydropower projects generate power valued at billions of dollars. For projects located on federal lands, FERC is required to assess "reasonable annual charges" to use these lands. FERC agrees that fair market value is the most reasonable basis for assessing these charges. This report examines FERC's annual charge system and the extent to which it reflects the federal lands' contributions to hydrop...
Natural Gas: Analysis of Changes in Market Price
GAO-03-46: Published: Dec 18, 2002. Publicly Released: Dec 18, 2002.
During the winter of 2000-2001, the wholesale price of natural gas peaked at a level four times greater than its usual level. Responding to the congressional interest and concern caused by these high prices, GAO undertook a study to address the (1) factors that influence natural gas price volatility and the high prices of 2000-2001; (2) federal government's role in ensuring that natural gas prices...
Restructured Electricity Markets: California Market Design Enabled Exercise of Market Power
GAO-02-828: Published: Jun 21, 2002. Publicly Released: Jul 17, 2002.
Historically, utility monopolies have generated electricity and sold it to customers at prices set by state regulators. Today, private companies in 24 states compete to sell electricity at market prices determined by supply and demand. California is part of a broader western market in which electricity is routinely bought and sold across state and national boundaries. GAO found evidence that whole...