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

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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Timeline

1. 8 December 1982

   Introduced

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

   Source: IntroReferral

2. 8 December 1982

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 8 December 1982

  Open at official source

Sponsors

• Sen. Chafee, John H. [R-RI] · R · Sponsor
• Sen. Pell, Claiborne [D-RI] · D · Sponsor
• · sseg00 · Standing

Related records

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