Natural Gas Policy Act Reform Amendments of 1983

[AI summary unavailable — showing source text] Natural Gas Policy Act Reform Amendments of 1983 - Title I: Findings and Purposes - Sets forth the findings and purposes of this Act. Title II: Amendments to the Natural Gas Policy Act of 1978 - Amends the Natural Gas Policy Act of 1978 to require the Federal Energy Regulatory Commission to prepare and submit to Congress a report regarding voluntary interstate natural gas transportation on behalf of intrastate pipelines and local distribution companies. Declares any indefinite price escalator clause applicable to the first sale of natural gas to be against public policy and unenforceable. Defines an indefinite price escalator clause as any provision of any contract: (1) which provides for the establishment or adjustment of the price for natural gas delivered under the contract by reference to prices for natural gas, crude oil, refined petroleum products, or any other commodity; or (2) which the Commission determines is comparable in form and result. Declares it to be against public policy to enforce any obligation to pay for gas volumes not taken, in the case of any first sale contract, to the extent that such obligation fails to adequately provide for: (1) makeup of all gas volume…