Natural Gas Production and Market Adjustment Act of 1982

[AI summary unavailable — showing source text] Natural Gas Production and Market Adjustment Act of 1982 - Title I: Elimination of Certain Artificial Restrictions on Natural Gas Consumption - Repeals the Powerplant and Industrial Fuel Use Act of 1978. Exempts from the repeal powerplants or installations for which proposed or final prohibition orders have been issued under such Act. Amends the Natural Gas Policy Act of 1978 to terminate the incremental pricing requirements under such Act. Amends the Public Utility Regulatory Policies Act of 1978 to repeal provisions relating to retail policies for natural gas. Title II: Elimination of Certain Restrictions on Natural Gas Sales and Transmission - Authorizes the Federal Energy Regulatory Commission (FERC), under the Natural Gas Policy Act of 1978, to authorize any pipeline to sell natural gas to: (1) other pipelines; and (2) local distribution companies. Requires the rates for sales by interstate pipelines to be just and reasonable. Prohibits amounts paid for transportation services from being taken into account in setting the rates of the transporting pipeline. Amends the Natural Gas Act to provide that if such Act does not apply to a pipeline then such Act shall not apply to any p…