If you guessed the taxpayers, as I did, nope.
FERC’s own About FERC web page:
The Commission is funded through costs recovered by the fees and
annual charges from the industries it regulates.
To make it even richer, the sentence before that reads:
There is no review of FERC decisions by the President or Congress,
maintaining FERC’s independence as a regulatory agency, and
providing for fair and unbiased decisions.
But FERC’s web page says nothing about FERC’s independence from
the industries it regulates.
definition of regulatory capture:
Regulatory capture happens when a regulatory agency, formed to act
in the public’s interest, eventually acts in ways that benefit the
industry it is supposed to be regulating, rather than the public.
Maybe that’s why Continue reading Who funds FERC?
Received Sunday on
Stranded fossil fuel assets. -jsq
Governmental eminent domain powers have been growing for more than
115 years, to the point where courts have upheld the taking of
property from one private owner for the purpose of transferring it
to another, as long as it benefits the public. The
Natural Gas Act
eminent domain powers
to the pipeline companies,
subject to court approval.
However there’s no mechanism in place to dispute
the taking. Things to consider:
How does this benefit the public by taking land from the public?
Is there an irrefutable study that
shows this act of taking of private land is justifiable by needs
other than capitalistic greed?
Also, what about the mineral rights of the property?
How many “pipes” or infrastructures can
the Pipeline Company sell or lease access to other entities without
any future benefits paid to the original land owners?
Are all Continue reading How does this pipeline benefit the public by taking land from the public?