What does FERC stand for?

The correct answer is the Federal Energy Regulatory Commission. This agency is responsible for regulating the interstate transmission of electricity, natural gas, and oil. FERC's mission includes overseeing wholesale energy markets and ensuring the reliability of the energy infrastructure in the United States. Understanding the role of FERC is essential for comprehending how energy regulation and market dynamics work at the federal level, especially in relation to utilities and large-scale energy producers.

In the context of this question, the other options contain inaccuracies in either the name or the function of what FERC represents. For example, the options that refer to "Energy Regulation and Control" or "Electric Regulatory Commission" misrepresent the full and correct title, while the mention of "Emergency Response Commission" pertains to a different focus entirely, which is not aligned with FERC's primary objectives.