HR 2734 · 99th Congress · Energy
Natural Gas Consumer Supply and Marketing Act
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Subcommittee Hearings Held.(1986-06-19)
Plain Language Summary
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Natural Gas Consumer Supply and Marketing Act - Title I: Wellhead Pricing Provisions - Amends the Natural Gas Policy Act of 1978 to eliminate price controls placed upon the first sale of natural gas. Exempts certain interstate and intrastate contracts from such price decontrol. Makes wellhead price controls inapplicable to the first sale of: (1) new enhancement natural gas; and (2) natural gas under a renegotiated contract. Permits the sale of natural gas from certain new production wells to any person at any price. Repeals: (1) the price controls for high-cost natural gas; and (2) congressional oversight functions regarding reimposition of natural gas price controls. Title II: Transportation and Access - Requires a pipeline, upon written request, to transport natural gas to the extent of its available capacity. Exempts from such transportation obligation local distribution companies and pipelines not under Federal Energy Regulatory Commission (FERC) jurisdiction. Requires FERC to prescribe regulations which allocate available capacity whenever a pipeline does not have sufficient total capacity to satisfy all of its obligations. Sets guidelines for: (1) contract carriage compensati…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (9)
3 Democrats6 Republicans