NERC’s reliability oversight is bogged down on two fronts—standard-setting and compliance oversight. Progress depends on improving unwieldy process.
Growing gas storage depends on fair regulatory treatment.
125 FERC ¶ 61,189, PP 20-25, 33.
27. 117 FERC ¶ 61,191, PP 19-22; 119 FERC ¶ 61,072, PP 18-29.
28. On July 9, 2010 (Docket No. RP10-841-000) FERC suspended until Dec. 12, 2010, Northern Natural tariff sheets filed to govern re-sales of any market-based rate storage capacity. FERC issued that suspension order subject to a technical conference on whether to rely on the Southern Star, Columbia Gas, and Texas Gas NGA §4(f) precedents to include cost-based rates to set reserve prices, among other issues. Northern Natural Gas Co. , 132 FERC ¶ 61,021, PP 10-11 (2010). Six days later, a FERC Commissioner discussed the filing as an “interesting question of first impression,” stating that the technical conference “will … provide further guidance to the industry in terms of the very important issue of natural gas and natural gas storage.” Marc Spitzer, Comm’r, Remarks at FERC Open Meeting, Wash., D.C. (July 15, 2010).
29. Marcoux, “The Gas Storage Conundrum ,” 143 Public Utilities Fortnightly , No. 11, November 2005, pp. 42-46.