홈 > Term: certificate of public convenience and necessity
certificate of public convenience and necessity
A special permit (which supplements the franchise), commonly issued by a state commission, which authorizes a utility to engage in business, construct facilities, or perform some other service. Also, a permit issued by the Federal Energy Regulatory Commission to engage in the transportation or sale for resale of natural gas in interstate commerce or to construct or acquire and operate any facilities necessary therefore, to which certificate the Commission may attach such reasonable terms and conditions as the public convenience and necessity may require.
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