The Federal Energy Regulatory Commission (FERC) is an independent agency of the United States government. It regulates the transmission and wholesale sale of electricity and natural gas in interstate commerce. FERC also oversees the licensing of hydroelectric projects and ensures that energy markets operate fairly and efficiently. FERC's primary mission is to protect the interests of consumers while promoting a reliable and sustainable energy supply. The commission works to ensure that energy prices are just and reasonable, and it plays a crucial role in the development of energy infrastructure across the country.