What United States Natural Gas Act (Title 15 USC Chapter 15B): Public Interest Declaration, Import/Export Authorization, Just and Reasonable Rates, Construction and Abandonment Certificates, and Civil Penalties requires
The Natural Gas Act, codified at Title 15 of the United States Code, Chapter 15B, is the foundational federal statute governing the interstate transportation and wholesale sale of natural gas and is administered by the Federal Energy Regulatory Commission. Natural Gas Act, 15 U.S.C. 717 declares that the business of transporting and selling natural gas for ultimate distribution to the public is affected with a public interest, and that Federal regulation in matters relating to the transportation of natural gas and the sale thereof in interstate and foreign commerce is necessary in the public interest. Natural Gas Act, 15 U.S.C. 717a contains the definitions used in the chapter. Natural Gas Act, 15 U.S.C. 717b governs exportation or importation of natural gas and LNG terminals: no person shall export any natural gas from the United States to a foreign country or import any natural gas from a foreign country without first having secured an order of the Commission authorizing it to do so. Natural Gas Act, 15 U.S.C. 717c requires that all rates and charges made, demanded, or received by any natural-gas company for or in connection with the transportation or sale of natural gas subject to the jurisdiction of the Commission shall be just and reasonable. Natural Gas Act, 15 U.S.C. 717d authorises the Commission to investigate and determine the cost of production or transportation when it finds rates unjust or unreasonable after hearing. Natural Gas Act, 15 U.S.C. 717f requires that no natural-gas company shall abandon all or any portion of its facilities subject to the jurisdiction of the Commission without the permission and approval of the Commission first had and obtained, after due hearing, and governs certificates of public convenience and necessity for construction and extension of facilities. Natural Gas Act, 15 U.S.C. 717t-1 provides that any person that violates the chapter shall be subject to a civil penalty of not more than one million dollars per day per violation for as long as the violation continues. The Act, alongside the Natural Gas Policy Act and the Natural Gas Wellhead Decontrol Act, is the controlling federal instrument for interstate natural gas regulation.
Pillar: Energy & Utilities · Authority: United States Government - Office of the Law Revision Counsel · Version: 1.0.0 · Last updated:
Primary source: https://www.govinfo.gov/content/pkg/USCODE-2023-title15/html/USCODE-2023-title15-chap15B.htm
SHA-256 integrity: 8eaa589aaedaaa212acc912a69bf3f446e8738c626da5fd2d9d4c291f366ba86
Primary Citations — 8 traced to source
- Natural Gas Act, 15 U.S.C. 717 - public interest declaration and necessity of federal regulation of interstate and foreign commerce in natural gas.
- Natural Gas Act, 15 U.S.C. 717a - definitions.
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