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United States · Bill · S

S. 3088 (97th)

A bill to create competitive conditions in natural gas pricing by prohibiting certain anticompetitive clauses in natural gas contracts.

referredUnited States· United States Congress· EN

Introduced

8 December 1982

Last action

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Status

Read twice and referred to the Committee on Energy and Natural Resources.

Sponsors

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Subjects

Discovery layer

Source updated

24 March 2026

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Summary

Amends the Natural Gas Policy Act of 1978 to declare against public policy and unenforceable any provision of any contract for the first sale of natural gas which includes: (1) a take-or-pay clause which commits the purchaser to take delivery of a minimum volume of natural gas for a period of more than one year; or (2) an indefinite price escalator clause. Excludes from the above any contract with a take-or-pay clause for the first sale of natural gas committed or dedicated to interstate commerce on November 8, 1978, and for which a just and reasonable rate under the Natural Gas Act was in effect on such date.

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Documents

1 official file

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