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Wednesday, April 29, 2020 | History

3 edition of Federal Power Commission control of natural gas producer prices found in the catalog.

Federal Power Commission control of natural gas producer prices

Keith Cates Brown

Federal Power Commission control of natural gas producer prices

  • 214 Want to read
  • 24 Currently reading

Published by Institute for Research in the Behavioral, Economic, and Management Sciences, Krannert Graduate School of Industrial Administration, Purdue University in West Lafayette, Ind .
Written in English

    Places:
  • United States
    • Subjects:
    • Natural gas -- United States -- Rates

    • Edition Notes

      Includes bibliographical references.

      Statementby Keith C. Brown.
      SeriesPaper - Institute for Research in the Behavioral, Economic, and Management Sciences, Purdue University ; no. 494
      Classifications
      LC ClassificationsHD6483 .P8 no.494, HD9581.U5 .P8 no.494
      The Physical Object
      Pagination65, 9 p. ;
      Number of Pages65
      ID Numbers
      Open LibraryOL4856875M
      LC Control Number75621909


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Federal Power Commission control of natural gas producer prices by Keith Cates Brown Download PDF EPUB FB2

Federal Power Commission control of natural gas producer prices. West Lafayette, Ind.: Institute for Research in the Behavioral, Economic, and Management Sciences, Krannert Graduate School of Industrial Administration, Purdue University,   Graph and download economic data for Producer Price Index by Commodity for Fuels and Related Products and Power: Natural Gas to Electric Power (WPU) from Dec to Mar about electricity, fuels, gas, commodities, PPI, inflation, price index, price, indexes, and USA.

Classes A and B, as defined for accounting and reporting purposes in the Federal Energy Regulatory Commission's (FERC) Uniform System of Accounts, include interstate natural gas pipeline companies with annual gas operating revenues of $1, or more. The Online Books Page. Online Books by. United States.

Federal Power Commission. Books from the extended shelves: United States. Federal Power Commission: Federal Power Commission control of natural gas producer prices book and regulations as amended by order no.

11 of June 6,governing the administration of the Federal water power act: with copies of the act, of amendment thereto, and of orders nos. inclusive. A recent study by the Natural Gas Technology Task Force of the Federal Power Commission estimated that, in the deeply buried basins of the Rocky Mountain area, there is an estimated × 10 12 ft 3 of natural gas.

For comparison, it is estimated [1] that about × 10 12 ft 3 of gas has been produced from all Rocky Mountain gas is held in very tight.

PRODUCER RATE REGULATION IN NATURAL GAS CER-TIFICATION PROCEEDINGS: CATCO IN CONTEXT NICHOLAS JOHNSON* The United States Supreme Court declared, in its Catco opinion,' that the Federal Power Commission should give more consideration to pro-posed prices when it awards certificates authorizing sale of natural gas by producers.

"Christopher Castaneda's study of the construction of the pipelines that transported southwestern gas to the Northeast traces the ways in which the federal regulatory process fostered competitive growth in the natural gas industry." "Inthe Natural Gas Act granted the Federal Power Commission jurisdiction over the interstate transmission and sale of natural gas.

Congress has in the Natural Gas Act specifically cast upon courts the duty to review orders of the Federal Power Commission fixing 'just and reasonable' rates.

The constitutional scope of judicial review of rate orders where Congress has denied. 2 Federal Power Commission, General Rules and Regulations, including Rules of Practice and Pro-cedure, I8 CODE FED.

REGS.?I (). 3 Id.?(d). 4 No new sale or transportation of natural gas in interstate commerce may be commenced, nor may facilities be constructed therefor, unless the Company has first obtained from the Commission a Cer.

In the U.S. Supreme Court ruled that the Federal Power Commission had jurisdiction over the prices that producers charged to affiliated pipelines in Interstate Federal Power Commission control of natural gas producer prices book Gas Co. FPC. Federal jurisdiction over nonaffiliated producer prices was extended in in the case of Phillips Petroleum v.

It also allowed about $1, for natural gas production, and about $, for exploration and development. It is suggested, however, that the Commission, in ascertaining the cost of Hope's natural gas production plant, proceeded contrary to § 1(b), which provides that the Act shall not apply to "the production or gathering of natural gas.".

The primary issue in these cases concerns the validity under the Natural Gas Act of52 Stat.15 U.S.C. et Federal Power Commission control of natural gas producer prices book, 15 U.S.C.A. § et seq., of a rate order issued by the Federal Power Commission reducing the rates chargeable by Hope Natural Gas Co., 44 P.U.R.,N.S., Federal Power Commission control of natural gas producer prices book.

On a petition for review of the order made pursuant to § 19(b. Price reform. Tight control of natural gas prices in China has been a major hindrance to the development of available resources, competitiveness with other fuels and overall market efficiency (Fang and Ma, ).

In recent years, the Chinese government has attempted to remedy the situation by introducing a number of natural-gas pricing Cited by: 2. Federal Power Commission control of natural gas producer prices book Gas Price Controls An Alternative View William A. Niskanen SINCE THE U.S. Supreme Court deci- sion in Phillips Petroleum Co.

Wiscon- sin, the wellhead prices of natural gas. Inhowever, this all changed with the Supreme Court’s decision in Phillips Petroleum Co. Wisconsin ( U.S. ()). In this decision, the Supreme Court ruled that natural gas producers that sold natural gas into interstate pipelines fell under the classification of ‘natural gas companies’ in the NGA, and were subject to regulatory oversight by the FPC.

Get this from a library. Natural gas. [United States. Interagency Task Force on Natural Gas.; United States. Federal Power Commission.; United States. Federal Energy Administration.] -- This report contains the final technical analysis of the Project Independence Interagency Natural Gas Task Force chaired by the Federal Power Commission.

The task force was formed in. Part I--passed inestablished Federal Power Commission (FPC) and gave it authority to establish hydroelectric projects on navigable waters. Part II--passed ingave the FPC authority to regulate wholesale electric utility rates.

cussion. It regulates the field price of natural gas, that is, the price gas producers can charge interstate pipeline companies. The gas industry contends that the FPC has unwisely enforced low prices for natural gas penalty of forfeiture thereof, between points in the United States.

The State of Wisconsin sought to close this regulatory loophole in order to keep consumer prices low. Natural gas producers argued that wellhead sales were exempt from federal regulation as "production and gathering." Below, the Federal Power Commission compiled an evidentiary rec pages long before deciding not to regulate wellhead sales.

Through its recent authorization of higher new gas prices, the Federal Power Commission has attempted to make the increase as easy as possible for the consumer to absorb.

This was done by limiting the first year's increases to between $ billion and $ billion. These may seem like gigantic amounts. The Natural Gas Act of instituted pipeline regulation by the Federal Power Commission (FPC, reconstituted in as FERC) as a consequence of concern about monopoly.

At the time, pipelines functioned only as resellers to LDCs of gas purchased from producers, and the FPC had jurisdiction over their resale rates. federal power commission. regulates reate and sales of natural gas producers, thereby affection the supply and price of gas available to consumers; also regulates wholesale rates for electricity and gas, pipeline construction and U.S.

imports and exports of natural gas and electricity. TRENDS IN NATURAL GAS PRICES From tothe price of natural gas transported through the interstate pipeline sys tem was regulated by the Federal Power Commission. Under this system, price-setting was based on pro-B eginning in earlyprices of crude oil and natural gas began to trend upward.

By Septemberas the. In the Supreme Court set the tone by giving the Federal Power Commission control over natural gas prices in interstate commerce. These controls at first did not hamper production because they did not deviate by much from prices established by the Author: Hans F.

Sennholz. 4/5/Introduced. Natural Gas Act Amendments - Amends the Natural Gas Act to revise procedures governing regulation of prices of new natural gas by the Federal Power Commission. Prescribes criteria to be applied by the Commission in establishing base prices for new natural gas.

The history of producer regulation under the Natural Gas Act has often been recounted in judicial opinions, necessitating here only a brief statement of the historical background of this national rate proceeding.2 From when Congress passed the Natural Gas Act, 15 U.S.C.A.

§ et seq., untilthe Federal Power Commission eschewed regulation of the price paid to the producer. increased U.S. production of natural gas and crude oil from shales and other unconventional formations.

As a result, companies have invested in new pipeline infrastructure to transport these Section 7 of the NGA refers to the now defunct Federal Power Commission.

Congress Pipeline Transportation of Natural Gas and Crude Oil,File Size: KB. Depreciation practices of natural gas companies, (Washington, U.

Govt. Print. Off., [?]), by United States. Federal Power Commission (page images at HathiTrust) Louisville gas light pamphlets from the Durrett collection, arranged chronologically. But the utility checked with the Federal Power Commission and was told that producers’ prices of natural gas were frozen at the level of Aug.

14, the day before President Nixon ordered the freeze. Inthe United States Congress passed the Natural Gas Act in order to take control of interstate natural gas transmission. This was the first time the federal government became involved in regulating rates of interstate transmission.

The act gave the Federal Power Commission (FPC), a government agency, jurisdiction over regulation. It was the job of the Enacted by: the 75th United States Congress.

(b) there are posted field prices for oil but not for gas, (c) the Federal Power Commission exerts much more control over gas than oil, (d) pipeline interconnections are much less common for gas than for oil, and (e) every oil producer has a market while gas producers.

of the price of natural gas at the completion of production and gathering,"° but before it has started to move in interstate commerce; (2) control of local rates; and (3) authority to direct natural gas into the most socially desirable uses, the problem of end use. I State regulation of production and gathering prior to the Act was limited to.

Paul MacAvoy’s Natural Gas Market is a thin volume of just pages. Despite its brevity, it is the book of record for more than a half century of regulation of the natural-gas industry. The economics discipline is fortunate that so talented an analyst as MacAvoy has devoted his attention for so many years to the study of the natural-gas industry and its regulation.

In the recent case of Federal Power Commission et al. Hope Natural Gas Co.,' the Federal Power Commission, acting under the Natural Gas Act ofafter a full hear-ing upon complaint of several wholesale customers, ordered the Hope Natural Gas Company to cut its rates for natural gas sold in interstate commerce so as to reduce its operat.

Phillips Petroleum Co. Wisconsin, U.S. (), was a case decided by the Supreme Court of the United States holding that sale of natural gas at the wellhead was subject to regulation under the Natural Gas Act.

Prior to this case, independent producers sold natural gas to interstate pipelines at unregulated prices with any subsequent sales for resale being Concurrence: Frankfurter. Natural Gas Act (). New Deal-era law to regulate interstate gas pipelines through controls on sales prices and industry entry.

InUS Supreme Court in Phillips case allowed the Federal Power Commission to regulate wellhead prices at which producers sold natural gas to interstate pipelines. @article{osti_, title = {Regulation of natural gas: policy and politics, }, author = {Sanders, M.E.}, abstractNote = {The history of the political process surrounding regulations is traced from the s, when the natural gas industry and the Federal Power Commission were in their infancy.

The author traces the changing mandate that Congress has provided the. Federal Power Commission. Argued January 9, Decided * U.S. Syllabus. Under § 5(a) of the Natural Gas Act, the Federal Power Commission conducted a general investigation of the lawfulness of the rates charged by the Phillips Petroleum Co., an independent producer, in its sales of natural gas in interstate.

Natural GasThe War Production Board and the Federal Power Commission, on Septemreduced to writing the procedures which had been followed by the two agencies for more than a year in the administration of the wartime natural gas program. "Transportation and sale do not include production or gathering." Colorado Interstate Co.

Federal Power Commission, U.S. text65 S., 89 L. Congress refused in the Act to confer upon the Federal Power Commission the right to regulate the production, or the power to regulate the gathering, of natural gas. Natural Pdf, made in by the staff of the Federal Power Commission to the Commission, at page 84 declares that "a gathering system would usually be regarded as Author: Robert E.

Hardwicke.Stephen Breyer, Energy Regulation by the Federal Power Commission () that examined the regulatory causation of those shortages. Although The Natural Gas Market is a brief book, it is the capstone of. a career-long studious investigation into U.S. natural gas industry economics.

Almost nine years have passed ebook this Court's decision in Phillips Petroleum Co. v. Wisconsin, U.S.7498holding that the Federal Power Commission has jurisdiction over the rates charged by an independent producer of natural present case, involving the same independent producer, Phillips Petroleum .