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FERC Order 490 was a final rule by the Federal Energy Regulatory Commission to amend its regulations concerning the abandonment of certain sales and purchases of natural gas under Section 7(b) the Natural Gas Act (NGA) where the underlying contract has expired. It was enacted on April 12, 1988. [1]
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.
In 1927, the AGA merged with the National Gas Association to help the AGA's member companies which depended on manufactured gas to make a smooth transition to natural gas. In 1935, Congress passed the Public Utility Act and broke up the holding company that dominated much of the country's utility industry; this law continued to be enforced ...
The Natural Gas Policy Act of 1978 (NGPA) is federal legislation that had been enacted as a response to US natural gas shortages of 1976–77. It was enacted for the following motivations: To create a balance between natural gas supply and demand, Create a national gas market, and; Transition to market-based prices. The NGPA:
Speedway convenience stores and gas stations offer a Speedway Speedy Rewards program where you can earn significant deals — 10 points per gallon of gas purchased, and 20 points per dollar you ...
The Natural Gas Act of 1938 had an enormous impact on the future of not only the interstate natural gas market, but the U.S. energy policy and regulation. The natural gas industry has undergone tremendous change since 1938, and pipeline companies no longer function as resellers of gas to local distribution companies (LDCs), the ideas behind the ...
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