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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 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]
As of 2022, the Office of Pipeline Safety regulated an expansive network of about 3.4 million miles of natural gas pipeline system in the United States and its hazardous liquid pipelines. [ 7 ] [ 8 ] This includes 229,000 miles of hazardous liquid pipelines, 302,000 miles of gas transmission pipelines, 2,284,000 miles of gas distribution mains ...
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:
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 ...
Public Utility Regulatory Policies Act; Energy Tax Act; Natural Gas Policy Act; Encouraged conservation efforts in homes, schools, and other public buildings. Restricted new power plants using oil or natural gas (repealed in 1987). Opened electric markets to alternative power producers. Taxed "gas guzzlers", gave income tax credits for ...
Great Lakes Transmission is a natural gas pipeline that brings gas from western Canada through Minnesota, Wisconsin and Michigan before re-entering Canada. Along the way it provides gas to ANR Pipeline. Its FERC code is 51. [1] The pipeline was opened in 1967, running 2,115 miles (3,404 km) between Emerson, Manitoba and St. Clair, Michigan. The ...
The Natural Gas Wellhead Decontrol Act of 1989 (NGWDA) is an act that amends the Natural Gas Policy Act of 1978 to declare that the price guidelines for the first sale of natural gas do not apply to: Expired, terminated, or post-enactment contracts executed after the date of enactment of this Act; and; Certain renegotiated contracts.