The Prince Edward Island Regulatory and Appeals Commission, informally shortened to the Island Regulatory and Appeals Commission or IRAC, is the independent tribunal and regulating arm of the Government of Prince Edward Island.
IRAC was established in 1991 following the amalgamation of the former Public Utilities Commission, the Land Use Commission and the Office of the Director of Residential Rental Property. It is governed under the Island Regulatory and Appeals Commission Act. IRAC reports directly to the Legislative Assembly of Prince Edward Island, currently through the Minister of Education and Early Childhood Development.
IRAC's responsibilities are quite broad and cover the following issues:
Prince Edward Island is one of the thirteen provinces and territories of Canada. While it is the smallest province in terms of land area and population, it is the most densely populated. The island has several nicknames: "Garden of the Gulf", "Birthplace of Confederation" and "Cradle of Confederation". Its capital and largest city is Charlottetown. It is one of the three Maritime provinces and one of the four Atlantic provinces.
The Federal Energy Regulatory Commission (FERC) is an independent agency of the United States government that regulates the interstate transmission and wholesale sale of electricity and natural gas and regulates the prices of interstate transport of petroleum by pipeline. FERC also reviews proposals to build interstate natural gas pipelines, natural gas storage projects, and liquefied natural gas (LNG) terminals, in addition to licensing non-federal hydropower projects.
A public utility company is an organization that maintains the infrastructure for a public service. Public utilities are subject to forms of public control and regulation ranging from local community-based groups to statewide government monopolies.
The Energy Policy Act of 1992, effective October 24, 1992, is a United States government act. It was passed by Congress and set goals, created mandates, and amended utility laws to increase clean energy use and improve overall energy efficiency in the United States. The Act consists of twenty-seven titles detailing various measures designed to lessen the nation's dependence on imported energy, provide incentives for clean and renewable energy, and promote energy conservation in buildings.
Petroleum pricing in Prince Edward Island is regulated by the Prince Edward Island Regulatory and Appeals Commission, the regulatory arm of the Government of Prince Edward Island. The commission is commonly shortened to the "Island Regulatory and Appeals Commission and is usually referred to by its acronym "IRAC".
The Oklahoma Corporation Commission is the public utilities commission of the U.S state of Oklahoma run by three statewide elected commissioners. Authorized to employ more than 400 employees, it regulates oil and gas drilling, utilities and telephone companies.
IRAC stands for Issue, Rule, Application, and Conclusion, a methodology for legal analysis.
Maritime Electric is the supplier of electricity in Prince Edward Island, Canada. Maritime Electric is a public utility, and is regulated by the Island Regulatory and Appeals Commission (IRAC) under the Electric Power Act and the Renewable Energy Act. The utility operates two generating stations on the island: the Charlottetown Thermal Generating Station and the Borden Generating Station.
In Pacific Gas & Electric Co. v. State Energy Resources Conservation & Development Commission, 461 U.S. 190 (1983), the United States Supreme Court held that a state statute regulating economic aspects of nuclear generating plants was not preempted by the federal Atomic Energy Act of 1954. The case provides a framework that has guided other cases involving preemption of federal authority.
The United States has the second largest electricity sector in the world, with 4,178 Terawatt-hours of generation in 2023. In 2023 the industry earned $491b in revenue at an average price of $0.127/kWh.
The Georgia Public Service Commission (PSC) is a statutory organ of the state government of Georgia; elected among five commission districts, the board consists of a Chairman, a Vice-chairman, and three Commissioners. PSC regulates telecommunications, transportation, electric and natural gas services in the U.S. state of Georgia. Commissioners are elected in partisan elections statewide, though they must reside in a district.
The New York Public Service Commission is the public utilities commission of the New York state government that regulates and oversees the electric, gas, water, and telecommunication industries in New York as part of the Department of Public Service. The department's regulations are compiled in title 16 of the New York Codes, Rules and Regulations. The current chairman of the Commission and chief executive of the Department is Rory M. Christian. His term began on June 10, 2021 and runs through February 1, 2027.
The Nova Scotia Utility and Review Board (NSUARB) is the independent tribunal and regulating arm of the Government of Nova Scotia responsible for public utilities in the province.
Phillips Petroleum Co. v. Wisconsin, 347 U.S. 672 (1954), was a case decided by the Supreme Court of the United States holding that sale of natural gas at the wellhead was subject to regulation under the Natural Gas Act. Prior to this case, independent producers sold natural gas to interstate pipelines at unregulated prices with any subsequent sales for resale being regulated. The State of Wisconsin sought to close this regulatory loophole in order to keep consumer prices low. Natural gas producers argued that wellhead sales were exempt from federal regulation as "production and gathering." Below, the Federal Power Commission compiled an evidentiary record 10,000 pages long before deciding not to regulate wellhead sales. However, the courts reversed, and the case resulted in federal price controls on wellhead gas prices for the next 40 years.
Utility ratemaking is the formal regulatory process in the United States by which public utilities set the prices they will charge consumers. Ratemaking, typically carried out through "rate cases" before a public utilities commission, serves as one of the primary instruments of government regulation of public utilities.
Public utilities in Colombia are operated by private companies and regulated by the government.
Energy in the U.S. state of Hawaii is produced from a mixture of fossil fuel and renewable resources. Producing energy is complicated by the state's isolated location and lack of fossil fuel resources. The state relies heavily on imports of petroleum; Hawaii has the highest share of petroleum use in the United States, with 67% of electricity generation in the state coming from petroleum in 2023, compared to less than 1% nationally.
The United States state of Arkansas is a significant producer of natural gas and a minor producer of petroleum.