Title :
Natural gas transmission pricing and investment
fDate :
31 Jan-4 Feb 1999
Abstract :
The US natural gas industry has been restructuring for the past twenty years, since phased wellhead gas price decontrol eras prescribed in the Natural Gas Policy Act of 1978. Today, natural gas production is completely deregulated, interstate pipelines are regulated by the Federal Energy Regulatory Commission (FERC) and local gas distribution companies are regulated by state and local utility commissions. Regulation of gas pipelines and distribution companies is based on the belief that these companies are natural monopolies with increasing returns to scale. Since electric industry restructuring is proceeding along similar lines, the experience of the natural gas industry may suggest possible outcomes for the electric industry-and pitfalls to avoid
Keywords :
costing; electricity supply industry; investment; natural gas technology; power system economics; tariffs; Federal Energy Regulatory Commission; USA; distribution companies; electric industry restructuring; gas pipelines; investment; natural gas industry; natural gas transmission pricing; Convergence; Costs; Gas industry; Investments; Marketing and sales; Monopoly; Natural gas; Pipelines; Pricing; Transportation;
Conference_Titel :
Power Engineering Society 1999 Winter Meeting, IEEE
Conference_Location :
New York, NY
Print_ISBN :
0-7803-4893-1
DOI :
10.1109/PESW.1999.747484