Emergency Natural Gas Purchases: Actions Needed to Correct Program Abuses and Consumer Inequities
EMD-78-10
Published: Jan 06, 1978. Publicly Released: Jan 06, 1978.
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Highlights
Under the Natural Gas Act of 1938, as amended, the Federal Power Commission (FPC) is responsible for regulating the interstate commerce of natural gas, including the price producers receive for natural gas and the price that pipeline companies can charge for transporting it. FPC issued regulations for emergency natural gas purchases to help alleviate temporary shortages in the interstate market, and Congress provided the President with special powers to ensure adequate supplies for high-priority uses during the adverse 1976 through 1977 winter season.
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Consumer protectionEnergy shortagesExecutive powersFederal regulationsFuel gas industryNatural gasNatural gas pricesPrioritizingProcurementProgram abuses