A bill to eliminate artificial distortions in the natural gas marketplace, to promote competition in the natural gas industry, and for other purposes.
Natural Gas Regulatory Reform Act of 1989 - Title I: Decontrol of Natural Gas - Amends the Natural Gas Policy Act of 1978 to repeal wellhead price controls on natural gas sales. Exempts the first sales of natural gas from the provisions of the Natural Gas Act. Makes such deregulation effective January 1, 1993.
Title II: Transitional Provisions - Eliminates price controls for certain natural gas sales contracts that: (1) are executed after this Act's enactment; (2) are renegotiated after this Act's enactment; or (3) will end or have ended after this Act's enactment.
Introduced in Senate
Read twice and referred to the Committee on Energy and Natural Resources.
Committee on Energy and Natural Resources requested executive comment from Federal Energy Regulatory Commisson, Department of Energy, and Office of Management and Budget.
Committee on Energy and Natural Resources. Hearings held. Hearings printed: S.Hrg. 101-134.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line