In The News

| October 26, 2009

Federal Energy Regulatory Commission – Continued Focus

Continuing with its focus on increasing transparency in natural gas transportation activities, on July 16, 2009, as supplemented on August 26, 2009, the Federal Energy Regulatory Commission (“FERC”) issued a Notice of Proposed Rulemaking (“NOPR”) seeking comments on proposed contract reporting requirements that would apply to intrastate pipelines providing interstate services pursuant to section 311 of the Natural Gas Policy Act (“NGPA”) and Hinshaw pipelines providing interstate services subject to FERC’s jurisdiction. In the NOPR, FERC proposed to require intrastate and Hinshaw pipelines, defined below, to file quarterly reports of all transportation and storage transactions. The reports would be submitted electronically and would be publicly available on the FERC Web site.

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