The natural gas industry should be prepared to face customer uproar and attempts to impose price caps, similar to those seen this summer in San Diego, if the upcoming winter is cold enough and prices continue to hit new highs. That was the warning sounded by government and industry representatives at the crisis “summit” sponsored by the Interstate Oil and Gas Compact Commission (IOGCC) last week in Columbus, OH.
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FERC Warned Against Underestimating Pipe Monopolies
A regulatory expert last week called on FERC to impose amoratorium on awarding market-based rates for primarytransportation capacity due to the expected continued “monopoly”nature of major interstate pipelines.
October 12, 1998
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