FERC updates gas transportation rules

02/21/2000
The US Federal Energy Regulatory Commission has adjusted its regulatory framework governing the interstate gas market and transportation grid.FERC says the rule, under consideration for 2 years, will improve the efficiency of the gas transportation market place. It will take effect in about 30 days.The rapid development of competitive markets following the agency's Order 636, which unbundled gas pricing, has dated its regulations, says FERC.Chairman James Hoecker said the new rule "points the commission's regulatory approach in a new direction, recognizing that ensuring fairness and efficiency in these changing gas markets will be a continuing task."If the structural concept of `u...
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