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What Can We Expect from Restructuring in Natural Gas Distribution?
| Content Provider | Semantic Scholar |
|---|---|
| Author | Strove, Steve |
| Abstract | In the 1980s, the Federal Energy Regulatory Commission (FERC) restructured the interstate natural gas pipeline business. Various services were deregulated. Open access transmission and some service unbundling was required, and pipelines were taken out of the wholesale merchant function. Perhaps most importantly, billions of dollars in existing commitments to buy natural gas were reformed with pipelines and producers splitting the bill to fund a substantial rate reduction for consumers. Today, deregulation and unbundling of services provided by electric utilities is well underway. While the final shape and scope of this effort is still to be determined, substantial progress has been made, both in efforts by the FERC to introduce competition at the wholesale level (primarily through ensuring access to interstate transmission) and in various state regulatory commissions. Electric markets have seen a host of new institutional mechanisms--e.g., power exchanges (PXs) and independent system operators (1SOs)-supporting both wholesale and retail competition. The next target for deregulation efforts likely will be natural gas distribution,' the retail end of the gas business. The manner of deregulation and restructuring that occurs here is of interest for several reasons. First, natural gas distribution is a large industry that reaches one way or another into most households. Over 50% of the households in this country use natural gas directly. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://www.eba-net.org/assets/1/6/4-Vol21_No1_2000_Art_Restructuring_Natural.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
