Natural Gas Act Amendments

[AI summary unavailable — showing source text] Natural Gas Act Amendments - Title I: Emergency Natural Gas Authority - Exempts specified entities which deal in the transportation, sale and delivery of new natural gas from the provisions of the Natural Gas Act which require a certificate of public convenience and necessity issued by the Federal Power Commission. Authorizes the President to issue such regulations as he deems appropriate to provide for the establishment of priorities of use and for equitable allocation and distribution of propane when natural gas shortages exist or are imminent. Establishes penalties for violation of such regulations. Provides that the district courts of the United States shall have exclusive original jurisdiction of cases arising under this title with appellate jurisdiction resting with the Temporary Emergency Court of Appeals. Directs that this title shall expire on midnight April 4, 1976. Title II: Natural Gas Act Amendments - States that after the effective date of this Act the authority of the Commission to regulate the sale of natural gas to a company for resale in interstate commerce shall cease to exist with respect to new natural gas. States that the charge demanded by the natural gas com…