A bill to provide authority to institute emergency measures to minimize the adverse effects of natural gas shortages, to provide authority to allocate propane, to regulate commerce to assure increased supplies of natural gas at reasonable prices for consumers.

[AI summary unavailable — showing source text] Title I: Emergency Natural Gas Authority - Natural Gas Emergency Standby Act - Amends the Natural Gas Act to direct the Federal Power Commission to exempt from regulation sales and related activities involving transfers of natural gas to high-priority consumers where supplies are insufficient. Stipulates that such exemptions shall be granted for no more than 180 consecutive days and that such exempted transactions shall be pursuant to curtailment plans on file with the Commission. Amends the Energy Supply and Environmental Coordination Act of 1974 to extend the authority of the Federal Energy Administrator to issue coal conversion orders to June 30, 1978. Authorizes the Administrator to prohibit powerplants or major fuel burning installations from burning natural gas where adequate alternatives exist. Stipulates that such orders shall not take effect until the Administrator of the Environmental Protection Agency has certified that clean air standards will be met. Authorizes the President to establish standby procedures for the allocation of propane, in a manner consistent with the Emergency Petroleum Allocation Act of 1973. Imposes civil and criminal penalties for violations of suc…