FERC’s Wood questions natural gas price reporting

Federal Energy Regulatory Commission Chairman Patrick Wood III lists formation of a market oversight office among accomplishments during his approximately 4-year tenure.But Wood, who plans to leave office on June 30, said developing more effective natural gas price reporting should be among his successor’s top priorities.“Is daily informal polling really good enough to cultivate confidence in the price of a commodity that has tripled in the last 2 years?” he asked during remarks to the American Gas Association’s Natural Gas Roundtable in Washington, DC.“Are we reporting the total picture? It can’t stay opaque,” he maintained.Wood said he would lik...

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