Natural Gas Consumer Regulatory Reform Amendments of 1983

[AI summary unavailable — showing source text] Natural Gas Consumer Regulatory Reform Amendments of 1983 - Title I: Purchased Gas Cost - Amends the Natural Gas Policy Act of 1978 to prohibit, until 1986, the guaranteed passthrough to natural gas customers of price increases resulting from an interstate pipeline paying more for its gas, unless the pipeline applies to the Federal Energy Regulatory Commission (FERC) for an increase and such application is approved. Directs the FERC to permit recovery if the costs sought to be recovered were just, reasonable, and prudently incurred. Title II: Removal of Wellhead Price Control and Repeal of Jurisdiction Over Certain First Sales - Provides for the removal of price controls on all first sales of natural gas by January 1, 1986. Repeals FERC jurisdiction over all interstate sales of committed or dedicated natural gas, as of January 1, 1985. Repeals provisions permitting the President or Congress to reimpose price controls. Title III: Transitional Price and Contract Provisions - Sets forth transitional pricing provisions establishing price limits which terminate upon the removal of all price controls. Grants purchasers subject to a take-or-pay contract the right to refuse volumes in exce…