The Federal Energy Regulatory Commission (FERC) has issued two final rules that seek to reduce the filing burden on the natural gas industry. One simplifies the Uniform System of Accounts and the FERC's reporting requirements (Docket No. RM95-4-000). The other simplifies the filing requirements for making rate and tariff changes under Part 154 of the regulations (Docket No. RM95-3-000).
The rules recognize that most interstate pipelines now serve as transporters rather than as merchants. The simplifications instituted in RM95-4-000 will
reduce the reporting burden by almost 13 percent, or 61,824 hours. Several forms are also eliminated, such as Form 8, the monthly storage report, and Form 14, the annual report for importers or exporters.