Federal Natural Gas Regulation: 2008 In Review

Law360, New York (January 13, 2009, 12:00 AM EST) -- Significant changes occurred in the Federal Energy Regulatory Commission’s regulation of wholesale natural gas markets in 2008. FERC’s new policies promote market participants’ dealmaking flexibility while also enhancing the agency’s market oversight and monitoring capabilities. Additionally, the agency has sharpened its focus on enforcement in the natural gas market.

Improved Dealmaking Flexibility

In May 2008, FERC issued a number of policies designed to clarify and liberalize the agency’s rules related to the capacity release market, in which pipeline customers can transfer to one another their rights...
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