A bill to amend the Natural Gas Act.

[AI summary unavailable — showing source text] Provides that within 15 days after the passage of this Act, the Federal Power Commission shall by regulation exempt natural gas companies from regulation under the Natural Gas Act from any activities or operation relating to the transportation or sale of natural gas to an interstate natural gas to fulfill the firm contractual requirements of its customers, and which is curtailing deliveries pursuant to a curtailment plan on file with the Commission. Provides that no exemption granted under this Act shall exceed 180 days in duration, but the Commission may, for good cause shown, extend any exemption granted for an additional 180 days. States that the Commission shall not deny, in whole or in part, the purchase price paid by an interstate natural gas pipeline company for gas exempted under this Act and regulations issued hereunder.…