HOUSE ENERGY PANEL TO CHECK RULE 636 FOR EFFECT ON U.S. GAS MARKET

Rep. Phil Sharp (D-Ind.), House energy and power subcommittee chairman, plans hearings on how Federal Energy Regulatory Commission Order 636 will affect the U.S. gas market. He said FERC's rule will shift more costs of the national pipeline system to firm customers, mainly gas utilities and their home heating and small business customers that use about 40% of the nation's gas. He noted the Bush administration says the action will dramatically lower gas bills by possibly $3-6

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