Indefinite escalators; 1985: does FERC have a ''stairway'' down

Journal Article · Sat Jan 01 04:00:00 EST 1983 · Energy Law J.; (United States)

OSTI ID:6513346

Hughes, J D

The impact of ''indefinite escalator'' and ''most favored nation'' clauses on interstate natural gas scheduled for decontrol in 1985 in today's economic environment of excess gas deliverability could involve 87% of the gas subject to contracts containing deregulation clauses, of which 85% contain ''most favored nation'' clauses that would be triggered by oil parity contracts. The author reviews the history and analyzes the legal efficacy and power of the Federal Energy Regulatory Commission (FERC) to curtail or modify the operation of such clauses in contracts between producers and pipelines in the absence of legislation to amend the Natural Gas policy Act before 1985. Incentive options offer some promise, but it may be necessary to examine FERC's ability to involuntarily terminate the clauses in the event of market disorder and a different economy in 1985. 64 references.

• Research Organization: Federal Energy Regulatory Commission, Washington, DC
• OSTI ID: 6513346
• Journal Information: Energy Law J.; (United States), Journal Name: Energy Law J.; (United States) Vol. 4:2; ISSN ELJOE
• Country of Publication: United States
• Language: English

Related Subjects

03 NATURAL GAS
030600* -- Natural Gas-- Economic
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
290200 -- Energy Planning & Policy-- Economics & Sociology
294003 -- Energy Planning & Policy-- Natural Gas
CASE LAW
CONTRACTS
DEREGULATION
ECONOMIC IMPACT
ENERGY SOURCES
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
INDUSTRY
LAWS
LEGAL ASPECTS
MARKET
NATIONAL ENERGY ACT
NATIONAL ORGANIZATIONS
NATURAL GAS
NATURAL GAS INDUSTRY
NATURAL GAS POLICY ACT
US DOE
US FERC
US ORGANIZATIONS