The Energy Independence and Security Act of 2007 was an omnibus bill that contained multiple provisions to reduce U.S. dependence on oil and increase energy efficiency. A few of the largest provisions include:
Changing the Corporate...energy/utilities
environmental law
Environmental law refers to a variety of protections which share the goal of protecting the environment.
Federal LawThe National Environmental Policy Act (NEPA) was passed in 1970 along with the Environmental Quality...
liquefied natural gas rates
Liquefied natural gas rates are prices that natural gas companies charge for transportation or sale of liquefied natural gas (LNG). LNG is natural gas that is cooled to its liquid state for safer and easier transportation or storage. Rates...
public utilities
See public utility.
[Last updated in March of 2024 by the Wex Definitions Team]
public utility
A public utility is an entity that provides goods or services to the general public. Public utilities may include common carriers as well as corporations that provide electric, gas, water, heat, and television cable systems. In some contexts, the...
renewable electricity standard
A renewable electricity standard (RES) is a regulatory policy requiring that a certain percentage of a state’s or nation’s electricity be generated from renewable energy sources such as wind, solar, biomass, and geothermal.
[Last...
smart grid
A smart grid refers to a range of energy policies designed to reduce peak energy load.
See: smartgrid.gov
[Last updated in June of 2024 by the Wex Definitions Team]
Standard Oil Co. of New Jersey v. United States (1911)
Standard Oil Co. of New Jersey v. United States (1911) is a U.S. Supreme Court case holding that Standard Oil Company, a major oil conglomerate in the early 20th century, violated the Sherman Antitrust Act through anticompetitive actions, i.e...