Consumer Energy Act

[AI summary unavailable — showing source text] Consumer Energy Act - Title I: Natural Gas Short Title - Natural Gas Production and Conservation Act - Defines the terms used in this Act. States that new natural gas may be sold or transferred in commerce by a producer only if its total price at the time deliveries are first commenced does not exceed the base price, applicable adjustment, or additional amount, if any authorized by this Act. Directs the Federal Power Commission to establish an initial national base price for natural gas within 180 days of enactment, and to make such price retroactive to January 1, 1975. States that the initial national base price shall not be less than $.40 nor more than $.75 per thousand cubic feet of natural gas. Provides for an annual adjustment of the base price to account for any inflation. States that the Commission may authorize charges for natural gas in excess of the base price in any high-cost production areas designated by the Commission according to specified criteria set forth in this Act. Permits the pass through, on a dollar-for-dollar basis, of the cost of all new natural gas unless the costs exceed the applicable price ceiling. Limits the applicability of the provisions of this Act…