Natural Gas Consumer Relief Act

[AI summary unavailable — showing source text] Natural Gas Consumer Relief Act - Amends the Natural Gas Policy Act of 1978 to declare that contractual take-or-pay clauses which apply to natural gas sales to interstate or intrastate pipelines are against public policy and unenforceable. (A "take-or-pay clause" is any contract provision which requires payment for the minimum quantity of natural gas contracted for if the purchaser fails to take delivery.) Authorizes purchasers under existing contracts which contain such clauses to: (1) exercise make-up rights under such clauses; or (2) receive a refund for amounts paid if make-up rights have not been exercised. States that any contract for the sale of natural gas to any pipeline shall be deemed to include purchase adjustment clauses which: (1) allow a maximum fifty percent reduction by the purchaser of the contracted delivery volume; (2) require a purchaser to reduce previously contracted deliveries of higher-priced natural gas before such purchaser may reduce delivery volumes under the purchase adjustment clauses; and (3) require a purchaser to reduce previously contracted deliveries of the same or higher-priced natural gas from affiliated producers before such purchaser may redu…