FERC affirms transparency rules, requires gas transaction reporting

摘要

FERC on Thursday largely affirmed its market transparency rules for wholesale buyers and sellers of gas, requiring reporting of physical gas transactions used in the formation of price indexes.rnAfter nearly a year of informal discussions with gas market participants, the agency unanimously approved the measure,rnsaying it is needed to improve the commission's understanding of how index prices are formed and how index pricing is used in gas markets.rnThe rule requires the reporting of data for transactions involving volumes that use next-day or next-month price indexes and volumes that are or could be reported to a price index publisher, even if the respondent has chosen not to report to a publisher. Bilateral, arms-length, fixed price, physical gas transactions between non-affiliated companies are all subject to the requirement.