S 291 · 98th Congress · Energy
A bill to amend the Natural Gas Policy Act of 1978 to prohibit take-or-pay clauses, and for other purposes.
Bill Progress
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Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Committee on Energy and Natural Resources. Provisions of measure incorporated into measure S. 1715 ordered to be reported.(1983-07-26)
Plain Language Summary
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Amends the Natural Gas Policy Act of 1978 to prohibit take-or-pay and indefinite price escalator clauses, subject to stated exceptions. Authorizes the Federal Energy Regulatory Commission to deny a pipeline's request for a cost passthrough if the Commission determines that the costs were imprudently incurred by the pipeline.…
Summarized by Claude AI · Non-partisan · For informational purposes only