What commission was established by the Department of Energy Organization Act on October 1, 1977?

The Federal Energy Regulatory Commission (FERC) was established by the Department of Energy Organization Act on October 1, 1977. FERC plays a crucial role in regulating the transmission and wholesale sale of electricity and natural gas in interstate commerce, as well as the transportation of oil by pipeline in interstate commerce. Its formation was part of a broader effort to reorganize and improve the effectiveness of the Department of Energy, allowing for better oversight of energy markets and ensuring fair pricing and reliable energy supply for consumers.

Understanding the functions of FERC is essential for those working in the electrical utility industry, as it impacts how energy is generated, transmitted, and sold, influencing not only industry practices but also regulatory compliance. The other options represent different organizations or authorities that serve distinct purposes: the Environmental Protection Agency focuses on environmental protection, the National Energy Authority does not pertain to U.S. regulation in this context, and the Energy Information Administration provides statistical data and analysis, but it was not established by the same act. FERC's establishment marked a significant shift in energy regulation that continues to influence the energy landscape today.