NGI The Weekly Gas Market Report / NGI All News Access

Update of GISB Regs Gets Nod at FERC

Update of GISB Regs Gets Nod at FERC

FERC last week proposed a rulemaking that would update the existing consensus standards of the Gas Industry Standards Board (GISB) with respect to confirmation practices, standardization of information on pipeline Internet web sites and electronic datasets [RM96-1-011].

In a contemporaneous action, it also issued a order that sets April 1, 1999 as the deadline for pipelines to show they have complied with FERC regulations requiring them to enter into operational balancing agreements (OBAs) with interconnecting interstate and intrastate pipelines on their systems. Pipes must file a statement on that date confirming their compliance with the regulations [RM96-1-012].

Further, FERC said that if the standards-setting board completes its work on the standards for imbalance trading by the end of the year, as is expected, it plans to implement them prior to the 1999 heating season.

The "principal change" in the notice of proposed rulemaking (NOPR) was designed to bring about greater standardization in posting information on pipe web sites, a FERC staff member said. The other proposed changes are "very technical" and "not particularly controversial," he noted. FERC has proposed that the revisions be implemented "on the first of the month occurring 90 days after publication of the final rule in the Federal Register."

Susan Parker

©Copyright 1998 Intelligence Press, Inc. All rights reserved. The preceding news report may not be republished or redistributed in whole or in part without prior written consent of Intelligence Press, Inc.

Comments powered by Disqus