Natural Gas Price Control Act of 1983

Summary

Natural Gas Price Control Act of 1983 - Provides that the maximum lawful price applicable to the first sale (a sale by a natural gas producer to a pipeline or other distributor) delivery of any natural gas produced in the United States shall be the December 31, 1982, price applicable to such natural gas. Provides that, notwithstanding the terms of the Natural Gas Policy Act of 1978 or any contract, any price increase subject to this Act shall not be effective following the expiration of the control period. Defines control period as the period beginning January 1, 1983, and ending June 30, 1983. Directs the Federal Energy Regulatory Commission to prescribe regulations which assure that the reductions in the costs which (but for this Act) would be borne by natural gas purchasers shall be passed through to such purchasers.

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1 official file

• Introduced in House

  summary · EN · 3 January 1983

  Open at official source

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