AGA has made available for sale to the general public the AGA FERC Manual: A Guide for Local Distribution Companies. You can visit AGA’s web site to pick up a copy of the manual.
In the Energy Policy Act of 2005, Congress gave the Federal Energy Regulatory Commission (FERC) powerful enforcement authorities, including the ability to assess civil penalties of up to $1 million per day for violations of any FERC rule, regulation or order. Users of pipeline services, in general, and gas utilities, in particular, have been the subject of a large number of FERC enforcement settlements in which civil penalties have been assessed. These settlements have focused on the interstate transportation and sale of natural gas by LDCs, the relationship of an LDC to its affiliates, and LDCs as shippers on interstate pipelines.
In response to this increased scrutiny, AGA, with the support of over 30 sponsoring members, has published the AGA FERC Manual: A Guide for Local Distribution Companies. The Manual, written by lawyers at Dewey & LeBoeuf LLP, is a comprehensive guide to FERC’s regulation of the natural gas industry. It was intended to be one of the first places to which industry participants can turn for quick answers about FERC’s rules as well as for more detailed explanations and guides to additional research. It was also written with the front line employee involved in buying and selling wholesale natural gas and arranging transportation and storage transactions in mind. Its language is straightforward and not overly legalistic.
While the Manual was developed for AGA members with the needs of gas utilities in mind, anyone involved in the wholesale natural gas markets would find the Manual useful. It broadly discusses rules regarding buying and selling natural gas, obtaining and releasing pipeline and storage capacity, preparing compliance plans, and other topics of general interest to natural gas market participants. A set of DVDs accompanying the Manual contain lectures on each of the major topics of the Manual that are useful for training.
We hope that users of the Manual find it a valuable tool for building and maintaining a robust plan for compliance with FERC rules and regulations.