FERC Order No. 451: freedom (almost) for old gas
Order No. 451 represents the final step in the Federal Energy Regulatory Commission's (FERC) continuing effort to loosen its regulatory reins over the gas industry and make it more competitive. Significant changes have been made in the Commission's regulations governing transportation, pricing, and abandonment, all of which were the subject of the Notices of Inquiry (NOIs) issued by the Commission in late 1984 and early 1985. Order Nos. 436 and 451, however, must survive judicial review. There are also numerous remnants of the old regulatory structure that need to be adjusted, and the new structure will certainly need fine tuning. Only after this is accomplished and the Commission's orders are approved by the courts, will the new gas market be able to function as envisioned by the Commission.
- Research Organization:
- Bracewell and Patterson, Washington, DC
- OSTI ID:
- 6565644
- Journal Information:
- Energy Law J.; (United States), Vol. 7:2
- Country of Publication:
- United States
- Language:
- English
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29 ENERGY PLANNING
POLICY AND ECONOMY
NATURAL GAS
MARKET
NATURAL GAS INDUSTRY
COMPETITION
DEREGULATION
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030600* - Natural Gas- Economic
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031000 - Natural Gas- Legislation & Regulations
294003 - Energy Planning & Policy- Natural Gas