MoU in Electricity The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the Central Electricity Regulatory Commission (CERC)'s proposal for a memorandum of understanding (MoU) between India's Central Electricity Regulatory Commission (CERC) and US' Federal Energy Regulatory Commission (FERC), for the exchange of information and experiences in areas of mutual interest to both countries in the electricity sector. The agreement will help in improving the regulatory and policy framework for developing an efficient wholesale power market and enhancing grid reliability.