Regulatory Commission

A regulatory commission is an agency charged with writing rules, and settling disputes over certain areas of the economy. And example of a regulatory commission is the FERC or the Fedral Energy Regulatory Commission. Their mission is to ensure the public has sufficient energy sources at reasonable costs. The FERC recently settled dispute with Deutsche Bank on the manipulation of California power markets. The Nuclear Regulatory Commission is in charge of reactor safety and security, licenses, and radioactive material safety. The NRC recently had to deal with a reactor shutting down after losing offsite power in Massachusetts.