GISB Approves Two Standards For Web Commerce
The Gas Industry Standards Board (GISB) executive committee (EC)
approved standards for World Wide Web-based electronic commerce and
title transfer tracking last week. The EC approved the first part
of a series of standards designed to provide a 13-month transition
for interstate gas pipelines from electronic bulletin boards to
interactive Web sites.
The standards approved relate to the overall structure of
Web-based commerce and the specific standards for nominations and
would be implemented by September. The plan calls for further
standards related to flowing gas, invoicing capacity, capacity
release and contracting to be approved at later EC meetings and
phased in over the following 13 months. All standards are to be
implemented by October 2000.
On title transfer tracking, the EC approved a set of standards
but delayed their implementation until the later of June 1, 2000 or
eight months after the standards are published. The timetable was
adopted to allay concerns that other changes called for by GISB
standards, such as intraday nominations and the use of the
Internet, as well as the Y2K transition, would make it impossible
to implement title transfer tracking any sooner.
"The EC's decisions resolve two of the most difficult issues
confronting the natural gas industry," said EC Chairman Mike Bray,
Duke Energy vice president for corporate and regulatory affairs.
"The Federal Energy Regulatory Commission has expressed particular
interest in the Internet transition and title transfer tracking, so
it was particularly gratifying that we were able to take final
action on these matters by the end of 1998."
Joe Fisher, Houston
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