FERC Gas Tariff: A Comprehensive Guide to Its Legal Definition
Definition & meaning
The FERC Gas Tariff refers to a comprehensive electronic document that contains all effective rate schedules of a specific natural gas company. It also includes copies of every type of service agreement that the company offers. This tariff is essential for ensuring transparency and standardization in the pricing and services related to the transportation and sale of natural gas.
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The FERC Gas Tariff is primarily used in the context of natural gas regulation. It is governed by the Federal Energy Regulatory Commission (FERC) and is relevant in legal practices involving energy law, regulatory compliance, and utility management. Users may encounter this term when dealing with contracts, service agreements, or disputes related to natural gas transportation and pricing.
Individuals and businesses can manage related forms and agreements using templates available through services like US Legal Forms, which provide resources drafted by qualified attorneys.
Key Legal Elements
Real-World Examples
Here are a couple of examples of abatement:
Example 1: A natural gas company files its FERC Gas Tariff with the Federal Energy Regulatory Commission to establish its pricing structure for transportation services. This tariff must be updated regularly to reflect changes in rates or services.
Example 2: A business seeking to import natural gas reviews the FERC Gas Tariff of the supplier to understand the applicable rates and terms of service before entering into a contract. (hypothetical example)
Relevant Laws & Statutes
Key regulations governing the FERC Gas Tariff include:
Natural Gas Act (15 U.S.C. § 717 et seq.)
18 CFR Part 153 - Applications for Authorization to Construct, Operate, or Modify Facilities Used for the Export or Import of Natural Gas
Comparison with Related Terms
Term
Definition
Key Differences
FERC Gas Tariff
A document containing rate schedules and service agreements for natural gas.
Specific to natural gas companies and regulated by FERC.
Rate Schedule
A detailed listing of prices for services provided by a utility.
Part of the FERC Gas Tariff; does not include service agreements.
Service Agreement
A contract outlining the terms of service between a gas company and its customers.
Included in the FERC Gas Tariff but can exist independently.
Common Misunderstandings
What to Do If This Term Applies to You
If you are involved in natural gas transportation or sales, review the FERC Gas Tariff relevant to your service provider. Ensure you understand the rates and terms before entering into any agreements. For assistance, consider using US Legal Forms to access templates that can help you draft or review necessary documents. If your situation is complex, consulting a legal professional may be advisable.
Quick Facts
Typical Fees: Varies by company and service.
Jurisdiction: Regulated by the Federal Energy Regulatory Commission.
Possible Penalties: Non-compliance can result in fines or sanctions.
Key Takeaways
FAQs
Its purpose is to provide a clear and standardized document outlining the rates and services offered by natural gas companies.
The tariff must be updated regularly to reflect changes in rates and services as required by FERC regulations.
Yes, FERC maintains a public database where you can access the tariffs of various natural gas companies.