Pipeline Group Calls FERC's Gas Sale Reporting Rule 'Unwise'

Law360, New York (February 13, 2013, 2:45 PM EST) -- The Texas Pipeline Association on Tuesday questioned the Federal Energy Regulatory Commission's authority to adopt a rule requiring natural gas sellers and purchasers to report their transactions quarterly, calling the provision unwise and potentially unlawful.

The TPA argued in a public comment that the regulator's authority over natural gas sales is limited under the federal Natural Gas Act. It added that the FERC must determine the scope of its power as well as determine what portion of the market would be subject to the proposed regulation,...
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