FERC grants market-based rates for gas storage for first time under criteria developed pursuant to EPAct
16th Nov 2006, 19:41 GMT
FERC today for the first time granted an interstate natural gas storage operator market-based rates under a new approach adopted in a final rule issued June 16. Separately, FERC affirmed, and denied requests for rehearing of, the final rule, which established more flexible criteria for evaluating proposals for market-based sales of gas released from storage. FERC adopted the rule to reduce natural gas price volatility and encourage development of natural gas storage capacity in the United States.
Latest news from FERC: What's New:
- Decision: FERC grants market-based rates for gas storage for first to Northern Natural in RP06-437.
- Order on Clarification: FERC affirmed, and denied requests for rehearing of, the final rule, which established more flexible criteria for evaluating proposals for market-based sales of gas released from storage.
- FERC Chairman Joseph T. Kelliher talks about the significatn volatility in the natural gas prices this past year
- FERC Chairman Joseph T. Kelliher comments on implementing the final rules on transmission siting.
- FERC adopts final rule on transmission siting