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NGPL S.
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-.05

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4.19

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4.321

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4.432

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5.353

-.112

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5.577

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5.440

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NGI's Daily Gas Price Index

published : March 19, 2010

NAESB Revised Standards for Pipelines Clear Regulatory
Hurdle

FERC Thursday approved several revised standards for
business practices of interstate natural gas pipelines, which Commissioner
Phillip Moeller acknowledged that while "maybe not glamorous are still
essential to a safe and efficient pipeline operation."

The revised standards, which were developed by the North
American Energy Standards Board (NAESB) and approved by the Federal Energy
Regulatory Commission (FERC) in a final rule, would allow the use of price
indexes to price capacity-release transactions and to "afford greater
flexibility [at] receipt and delivery points for redirect of scheduled gas
quantities," FERC staff said.

The revised standards also reflect the Commission's
finding in recent orders for coordination of communications between
natural gas pipelines and electric utilities on standards of conduct,
capacity release and on damage reports, according to FERC [RM96-1].

In addition, the final rule issued Thursday ends a
multi-year effort to establish more flexible intraday natural gas
scheduling practices. It found that "none of the nationwide scheduling
solutions [that were examined] is superior to the balance between the
users of firm and interruptible services provided by the current
standards," FERC staff said.

"NAESB natural gas and electricity industry members
worked together for several years seeking a consensus [intraday
scheduling] standard. However, they failed to find a consensus method that
would add greater flexibility for some shippers without imposing greater
burdens on other shippers," the agency said.

The final rule also accepts the consensus business
practice standard on gas quality issues, finding that the existing
practices are "sufficient."

The Commission issued the final rule only four months
after adopting the notice of proposed rulemaking on the business practice
standards. The final rule requires interstate pipelines to file tariff
sheets reflecting these change standards by Sept. 1, with the revised
standards to take effect Nov. 1. Pipelines will be required to begin
implementing the revisions on Nov. 1.

©Copyright 2010 Intelligence Press Inc. All
rights reserved. The preceding news report may not be republished or
redistributed, in whole or in part, in any form, without prior written
consent of Intelligence Press, Inc.

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Copyright ©2010 Intelligence Press Inc. All rights
reserved.