The National Association of Regulatory Utility Commissioners has ratified a resolution calling on the Federal Energy Regulatory Commission to reconsider its recent decision removing the five-year cap that limited the length of contract term that an existing shipper must match in order renew an expiring pipeline contract under the right-of-first-refusal (ROFR) process (see NGI, Nov. 4). The action came at the group’s annual meeting in Chicago last week.
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NARUC Resolution Urges Reinstatement of ROFR Cap
National Association of Regulatory Utility Commissioners is expected to vote Wednesday to ratify a resolution approved by its gas committee and board of directors earlier in the week, calling on the Federal Energy Regulatory Commission to reconsider its recent decision removing the five-year cap that limited the length of contract term that an existing shipper must match in order renew an expiring pipeline contract under the right-of-first-refusal (ROFR) process (see Daily GPI, Oct. 31).
November 13, 2002
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