Tag Archives: regulatory capture

Ask GAO to investigate why FERC Doesn’t Work

You can support hundreds of organizations and thousands of individuals who have already asked Congress to:

Help secure an independent investigation by the Government Accountability Office into the abuses of power, process and law by the Federal Energy Regulatory Commission (FERC) when it comes to interstate natural gas pipelines and LNG export facilities. Write your congressional representative now to urge their help in securing this necessary independent review.

Here’s a handy web form by Delaware Riverkeeper Network.

If you want something local to say, try reading Continue reading Ask GAO to investigate why FERC Doesn’t Work

PHMSA abnormal vs. accident

Apparently an actual fire or explosion may (or may not) count as an accident according to PHMSA, but there’s a huge gap in PHMSA’s definitions: they don’t seem to say they apply to methane. And guess whose Public Awareness Program PHMSA requires pipeline operators to follow?

According to PHMSA’s Glossary and Definitions,

Accident

A release of the hazardous liquid or carbon dioxide transported that results in any of the following:
  1. explosion or fire not intentionally set by the operator.
  2. release of Continue reading PHMSA abnormal vs. accident

Who funds FERC?

If you guessed the taxpayers, as I did, nope. On 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.

Here’s Investopedia’s 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?