Key Federal Decisions/Regulation of the Gas Industry

• Natural Gas Act of 1938: regulation of interstate pipelines

• Supreme Court Decisions (Phillips, 1954): Interstate Gas

• Natural Gas Policy Act of 1978: Response to curtailments in mid 1970’s

  • Led to market dislocations, gas “bubble”

• Orders 436, 500, 636 (1985 - 1993)

  • restructured interstate market

• Natural Gas Decontrol Act

  • decontrol of wellhead prices

• Others: PUHCA repeal, Energy Policy Act

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