New Pipeline Reporting Requirements
The Federal Energy Regulatory Commission (FERC) recently issued a final rule revising the contract reporting requirements for natural gas pipeline companies falling under the Commission's jurisdiction under section 311 of the Natural Gas Policy Act (NGPA) and section 1(c) of the Natural Gas Act (NGA) (i.e., Hinshaw pipelines). Designed to increase market transparency, it increases the reporting frequency from annual to quarterly, requires certain additional information related to storage transactions, and makes the reports public and not to be filed with information redacted as privileged (among other things).
