New Natural Gas Deregulation Amendments

Summary

New Natural Gas Deregulation Amendments - Amends the Natural Gas Act to terminate Federal Power Commission authority to directly regulate sales prices of new natural gas except for new natural gas produced from offshore Federal lands. Stipulates that prices for onshore sales of new natural gas shall not exceed the lesser of: (1) the ceiling price for sales of new natural gas produced from offshore Federal lands; or (2) a ceiling rate established by any State for intrastate sale and consumption. Stipulates that prices paid for natural gas in transactions between a natural gas company and its affiliates shall not exceed prices paid in comparable sales by persons not affiliated with any natural gas company. Directs the Federal Power Commission to conduct studies and make an annual independent estimate of proved and potential natural gas reserves. Requires that the Commission keep current information available relating to the natural gas industry. Establishes procedures for the establishment of ceiling prices for new natural gas produced from offshore Federal lands. Authorizes the Commission to grant exemptions to price ceilings within certain high-cost production areas. Establishes procedures for adjustments to price ceilings established pursuant to this Act. Directs the Commission to prohibit the curtailment of adequate supplies of natural gas for essential agricultural purposes. Stipulates that the provisions of the Natural Gas Act shall extend to synthetic natural gas. Directs the Commission to prohibit the use of natural gas as boiler fuel where adequate alternatives are available. Authorizes exemptions from such prohibition where necessary to comply with pollution control or environmental protection and safety standards. Directs the Commission to impose a user charge on sales of natural gas for use as boiler fuel. Establishes procedures for the establishment and periodic revision of national ceiling prices for the sale of old natural gas in interstate commerce.

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Timeline

1. 13 May 1977

   Introduced

   Referred to House Committee on Interstate and Foreign Commerce.

   Source: IntroReferral

2. 13 May 1977

   Introduced

   Introduced in House

   Source: IntroReferral

3. 13 May 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 · 13 May 1977

  Open at official source

Sponsors

• Rep. Wirth, Timothy [D-CO-2] · D · Sponsor
• Rep. Baucus, Max [D-MT-1] · D · Cosponsor
• Rep. McCloskey, Paul N., Jr. [R-CA-12] · R · Cosponsor
• Rep. Pattison, Edward W. [D-NY-29] · D · Cosponsor
• Rep. Moorhead, Carlos J. [R-CA-22] · R · Cosponsor
• · hsif00 · Standing

Related records

• related to → New Natural Gas Deregulation Amendments