Definition of Regulation, procedures, and practices

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TeachMeFinance.com - explain Regulation, procedures, and practices



Regulation, procedures, and practices -- A utility commission carries out its regulatory functions through rulemaking and adjudication. Under rulemaking, the utility commission may propose a general rule of regulation change. By law, it must issue a notice of the proposed rule and a request for comments is also made; the Federal Energy Regulatory Commission publishes this in the Federal Register. The final decision must be published. A utility commission may also work on a case-by-case basis from submissions from regulated companies or others. Objections to a proposal may come from the commission or intervenors, in which case the proposal must be presented to a hearing presided over by an administrative law judge. The judge's decision may be adopted, modified, or reversed by the utility commissioners, in which case those involved can petition for a rehearing and may appeal a decision through the courts system to the U.S. Supreme Court.




About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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