345-10 FERC Standards of Conduct (1 CEH)

Learning objectives
- Identify the overall functions of the Federal Energy Regulatory Commission, or FERC
- Recall the expectations of the FERC Standards of Conduct
- List the four general principles upon which the FERC Standards of Conduct are based
- In a given scenario, select the independent functioning rule to decide the correct course of action
- In a given scenario, recall the no conduit rule to decide the correct course of action
- Identify the transparency rule to decide the correct course of action in a given scenario
Course overview
A Transmission Provider's employees must function independently from not only the company's marketing affiliates, but also its energy affiliates. Transmission Providers may not treat either their energy affiliates or their marketing affiliates on a preferential basis. The Standards are applicable to both the electric and gas industries. The FERC Standards of Conduct (SOC) was created to ensure this practice is followed. The FERC Standards of Conduct training course provides the background and guiding principles of the FERC SOC. It discusses how employees in the transmission and marketing areas of a public utility or interstate natural gas pipeline should apply them in day-to-day activities. This online course is part of the Introduction to NERC training series.
The individuals involved in the development and promotion of this course do not receive any compensation or financial benefits outside of their regular employment for their work on this course.