We use cookies to deliver our online services. Details of the cookies we use and instructions on how to disable them are set out in our Cookies Policy. By using this website you agree to our use of cookies. To close this message click close.

FERC adopts rule restricting multiple affiliate bidding in pipeline open seasons

21 November 2011

Energy Alert

On 17 November 2011, the Federal Energy Regulatory Commission (FERC or "Commission") adopted a final rule that prohibits natural gas pipeline customers from using multiple affiliates to submit bids in a pipeline open season for the purpose of obtaining a larger pro rata share of capacity. Under this rule, multiple affiliates are prohibited from bidding in a pipeline open season in which capacity may be allocated on a pro rata basis, unless each affiliate has an independent business reason for submitting a bid. The adoption of this final rule is the latest chapter in a series of FERC actions relating to multiple affiliate bidding in open seasons, which began in 2009 when the agency approved enforcement settlements with several shippers for alleged energy market manipulation in connection with their bidding on an oversubscribed open season on Cheyenne Plains Natural Gas Company, LLC.

Read "FERC adopts rule restricting multiple affiliate bidding in pipeline open seasons"

Loading data