FERC policy on escalator clauses under the Natural Gas Policy Act

Journal Article · Thu Mar 15 04:00:00 EST 1979 · Public Util. Fortn.; (United States)

OSTI ID:6306098

Lambert, J D; Jensen, R N

The Natural Gas Policy Act of 1978 limited the Federal Energy Regulatory Commission's jurisdiction by mandating ceiling prices and eliminating jurisdiction over certain categories of gas. The act does not by its terms, however, supersede or nullify the effectiveness of any price established by existing contract. By interpreting and shaping the use of price-escalator clauses in existing contracts, therefore, the FERC may still exercise an historic kind of jurisdiction over the prices of flowing gas. The commission has taken several recent policy actions to limit the use of escalator clauses for obtaining higher ceiling prices for flowing gas pursuant to the Natural Gas Policy Act. This article summarizes the circumstances and legal implications of the commission's actions.

• Research Organization: Peabody, Rivlin, Lambert and Meyers, Washington, DC
• OSTI ID: 6306098
• Journal Information: Public Util. Fortn.; (United States), Journal Name: Public Util. Fortn.; (United States) Vol. 103:6; ISSN PUFNA
• Country of Publication: United States
• Language: English

Related Subjects

03 NATURAL GAS
031000 -- Natural Gas-- Legislation & Regulations
29 ENERGY PLANNING, POLICY, AND ECONOMY
294003* -- Energy Planning & Policy-- Natural Gas
CHARGES
CONTRACTS
ENERGY POLICY
ENERGY SOURCES
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
GOVERNMENT POLICIES
INDUSTRY
LAWS
NATIONAL ENERGY ACT
NATIONAL ORGANIZATIONS
NATURAL GAS
NATURAL GAS INDUSTRY
REGULATIONS
US DOE
US FERC
US ORGANIZATIONS