The natural gas industry’s views on whether FERC should continue to waive price caps on short-term capacity release transactions beyond the Sept. 30 expiration deadline are, at best, mixed so far. But customers in the West are adamant — they want price caps, at least in some limited form, reinstated in markets served by El Paso Natural Gas and Northwest Pipeline.
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Hebert Views FERC’s LNG Decision as Policy Shift
Commissioner Curt Hebert Jr. said a decision in a Granite StateGas Transmission case this week signaled a “radical departure” inthe current policy used by the Commission to judge whether aproposed project has sufficient market demand. Since Order 636, theCommission has required pipelines and other companies to show thatmost, if not all, of a project’s capacity was under long-termcontracts to gain a certificate. “All of that changed [last week],”Hebert told NGI in an interview.
March 13, 1998
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