Natural’s Capacity Auction Procedures Get Nod at FERC

FERC yesterday approved, subject to modifications, a majorcontested settlement that outlines how Natural Gas Pipeline Co. ofAmerica (NGPL) will auction off long- and short-term transportationcapacity on its system. Although the Commission stressed theNatural auction shouldn’t be considered a blueprint for theproposed auction procedures that are now being considered forindustry-wide use, the decision does provide a sneak preview intoFERC’s thinking on the issue.

November 11, 1998
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