The fact that FERC actually released an advance notice of proposed rulemaking in late June, on competitive markets of all subjects, has many in disbelief.
How Commodity Markets Drive Gas Pipeline Values
Has rate regulation become obsolete for natural gas pipelines?
does [FERC] rate design policy affect pipeline risk? (3) Are pipelines experiencing difficulty attracting capital necessary for investment in improved jurisdictional services for their customers?
3. U.S. Energy Information Administration, Natural Gas 1996: Issues and Trends, Washington D.C. 1996; and Interstate Natural Gas Association of America, Gas Transportation Through 1994, 1995; Gas Transportation Through 1995, 1996; and Gas Transportation Through 1996, 1997.
4. See, for example, Arthur De Vany and W. David Walls, "Pipeline Access and Market Integration in the Natural Gas Industry: Evidence from Cointegration Tests," The Energy Journal, 14(4), 1993; De Vany and Walls, "Open Access and the Emergence of a Competitive Natural Gas Market," Contemporary Economic Policy, XII(2), 1994; Emile J. Brinkmann and Ramon Rabinovich, "Regional Limitations on the Hedging Effectiveness of Natural Gas Futures," The Energy Journal, 16(3) 1995; Martin King and Milan Cuc, "Price Convergence in North American Natural Gas Spot Markets," The Energy Journal, 17(2) 1996.
5. Robert Mahan and Karen Morton, Natural Gas Pipelines: New Pipelines and Expansions, Canadian Energy Research Institute, Calgary, April 1997.
6. Interstate Natural Gas Association of America, Gas Transportation Through 1996 (1997).