FERC Penalizes Marketers For Violation Of Open Season Bidding Rules

摘要

FERC forced some major natural gas marketing companies to pay big penalties for violating the commission's apparent rules on open season bidding. But the settlements were clouded a bit by the dissent of the two Republican commissioners, who argued FERC's rules on the matter are unclear. The penalties were in conjunction with bidding for natural gas transportation capacity on the Cheyenne Plains Natural Gas Company pipeline owned by El Paso. Bidding for capacity on the Colorado Interstate Gas Co. and Northern Natural pipelines were somewhat of a side issue.