15-U.S.C.-3372
§3372 – Assignment of Contractual Rights to Receive Surplus Natural Gas
Pathway
Title 15 > Chapter 60 > Subchapter III > Part B > Section 3372
Details
- Reference: Section 3372
- Legend: §3372 – Assignment of Contractual Rights to Receive Surplus Natural Gas
- USCode Year: 2013
Provision Content
(a) Authorization of assignments
The Commission may, by rule or order, authorize any intrastate pipeline to assign, without compensation, to any interstate pipeline or local distribution company all or any portion of such intrastate pipelines right to receive surplus natural gas at any first sale, upon such terms and conditions as the Commission determines appropriate.
(b) Effect of authorization under subsection (a)
For the effect of an authorization under subsection (a) of this section, see section 3431 of this title (relating to the coordination of this chapter with the Natural Gas Act [15 U.S.C. 717 et seq.]).
(c) Surplus natural gas
For purposes of this section, the term surplus natural gas means any natural gas which is determined, by the State agency having regulatory jurisdiction over the intrastate pipeline which would be entitled to receive such natural gas in the absence of any assignment to exceed the then current demands on such pipeline for natural gas.
(Pub. L. 95–621, title III, §312, Nov. 9, 1978, 92 Stat. 3392; Pub. L. 101–60, §3(b)(2), July 26, 1989, 103 Stat. 158.)
References in Text
The Natural Gas Act, referred to in subsec. (b), is act June 21, 1938, ch. 556, 52 Stat. 821, as amended, which is classified generally to chapter 15B (§717 et seq.) of this title. For complete classification of this act to the Code, see section 717w of this title and Tables.
Amendments
1989—Subsec. (c). Pub. L. 101–60 substituted any natural gas for any natural gas—
(1) which is not committed or dedicated to interstate commerce on November 8, 1978;
(2) the first sale of which is subject to a maximum lawful price established under subchapter I of this chapter; and
(3).
Effective Date of 1989 Amendment
Section 3(b) of Pub. L. 101–60 provided in part that the amendment by section 3(b)(2) of Pub. L. 101–60 is effective Jan. 1, 1993.
U.S. Encyclopedia of Law Coverage
Subchapter VII – Standard Baskets and Containers in the Legal Encyclopedia: Trade Law
In this entry about Subchapter VII – Standard Baskets and Containers, find legal reference material, bibliographies and premiere content related to trade law in the American Encyclopedia of Law, presenting a comprehensive view of the United States trade law-specific issues, written by authorities in the field.
Title 15 – Commerce And Trade in the Legal Encyclopedia: Natural Gas
In this entry about Title 15 – Commerce And Trade, find legal reference material, bibliographies and premiere content related to natural gas in the American Encyclopedia of Law, presenting a comprehensive view of the United States natural gas-specific issues, written by authorities in the field.
15-U.S.C.-2806 in the Legal Encyclopedia: Energy
In this entry about 15-U.S.C.-2806, find legal reference material, bibliographies and premiere content related to energy in the American Encyclopedia of Law, presenting a comprehensive view of the United States energy-specific issues, written by authorities in the field.
Leave a Reply