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Title: Contract Compliance How Todays Contracts Meet Customer And Government Requirements
Author: Cindy Suarez
Source: 1997 Gulf Coast Measurement Short Course (Now called ASGMT)
Year Published: 1997
Abstract: As a result of changes in governmental regulations and customer needs, contracts are continually changing. There are many different government agencies and types of customers as well as many types of contracts. For example, some of the types of gas related contracts include sales, purchases, transportation, storage, gathering, processing, and interconnect agreements. Each of these different types of contracts may have specific governmental regulation requirements. The primary government agencies that regulate gas related transactions are the Federal Energy Regulatory Committee (FERC) and the various state commissions such as the Arkansas Public Service Commission (APSC) or the Texas Railroad Commission (RRC). The interstate transactions are governed by FERC while the intrastate transactions are governed by the respective state commission. These governing bodies impact gas contracts by developing policies and guidelines by which the regulated company must follow. The company complies with these guidelines by filing an operating plan describing the process they will use to implement the policies. Specifically, interstate pipelines must file a FERC gas tariff explaining how they will operate their pipeline. FERC has a policy of not allowing undue discrimination. So, pipelines must explain the procedure they will follow to allocate capacity among shippers in their tariffs so as to show that they will not undully discriminate amongst shippers. The contracts that are written with the customers refer back to the filed tariff in order to incorporate the FERC regulations and requirements.

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