By-Lined Article
FERC Requiring More Price Transparency for Pipelines
By David M. DeSalle and Lou Crocco
June 23,2010
Duane Morris LLP
Seeking to improve price transparency, the Federal Energy Regulatory Commission (FERC) has issued a new rule, taking effect on April 1, 2011, increasing the reporting requirements for natural-gas pipelines that are located within a single state's borders but which are involved in interstate services.
Both intrastate pipelines providing transportation services under section 311 of the Natural Gas Policy Act of 1978 and Hinshaw pipelines operating under section 1(c) of the Natural Gas Act currently report on an annual or semi-annual basis. Compliance with the new rule requires more details of transportation and storage transaction information and also that the pipelines file these reports quarterly.
FERC's May 20, 2010 press release is available at ferc.gov/media/news-releases/2010/2010-2/05-20-10-G-1.pdf
David M. DeSalle is a partner of Duane Morris LLP, practicing in the area of energy law. Mr. DeSalle advises clients on a variety of transactional and regulatory issues and also represents clients before state and federal courts and regulatory agencies.
Lou Crocco is a managing director of Duane Morris Government Affairs LLC. He is a former legislative leadership staffer in the Pennsylvania House of Representatives. He works as a lobbyist-consultant at DMGA, representing clients both in Pennsylvania and Washington, D.C.
