Natural Gas Small Producer Exemption Act

Summary

Natural Gas Small Producer Exemption Act - Exempts sales of natural gas by small, independent producers from regulation by the Federal Power Commission. Requires that prices of such sales be at a level which adequately compensates the seller for current costs, including an adequate return on investment. Defines the term "small producer" to include independent producers: (1) not affiliated with natural gas pipeline companies or larger producers; (2) whose total sales do not exceed 10 million Mcf per year; and (3) whose average production per well does not exceed 100 Mcf per day on an annual basis.

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Timeline

1. 26 January 1977

   Introduced

   Introduced in House

   Source: IntroReferral

2. 26 January 1977

   Introduced

   Referred to House Committee on Interstate and Foreign Commerce.

   Source: IntroReferral

3. 26 January 1977

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 26 January 1977

  Open at official source

Sponsors

• Rep. Kemp, Jack [R-NY-38] · R · Sponsor
• Rep. Edwards, Mickey [R-OK-5] · R · Cosponsor
• Rep. Moorhead, Carlos J. [R-CA-22] · R · Cosponsor
• · hsif00 · Standing

Related records

• related to ← Natural Gas Small Producer Exemption Act