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Exploring the Legal Definition of a Natural-Gas Company
Definition & Meaning
A natural-gas company is defined as an entity engaged in the transportation of natural gas across state lines or in the sale of natural gas for resale in interstate commerce. This definition encompasses various businesses involved in the natural gas industry, including pipeline operators and wholesalers.
Table of content
Legal Use & context
The term "natural-gas company" is commonly used in legal contexts related to energy regulation, commerce, and trade. Legal practices involving natural-gas companies may include regulatory compliance, contract negotiation, and dispute resolution. Users may find it beneficial to utilize legal templates from US Legal Forms for drafting contracts or agreements related to the natural gas industry.
Key legal elements
Real-world examples
Here are a couple of examples of abatement:
Example 1: A company that operates a pipeline transporting natural gas from Texas to California qualifies as a natural-gas company due to its interstate transportation activities.
Example 2: A business that purchases natural gas in bulk from producers and resells it to local utilities is also classified as a natural-gas company. (hypothetical example)
Relevant laws & statutes
Key statutes relevant to natural-gas companies include:
15 U.S.C. § 717 - Natural Gas Act: This act regulates the interstate transportation and sale of natural gas.
15 U.S.C. § 717c - Rates and Charges: This section governs the rates charged by natural-gas companies.
State-by-state differences
Examples of state differences (not exhaustive):
State
Regulatory Body
Key Regulations
California
California Public Utilities Commission
Strict regulations on emissions and safety standards.
Texas
Railroad Commission of Texas
Less stringent regulations, promoting industry growth.
New York
New York State Department of Public Service
Regulations focused on consumer protection and environmental impact.
This is not a complete list. State laws vary and users should consult local rules for specific guidance.
Comparison with related terms
Term
Definition
Differences
Natural-gas company
An entity involved in the transportation or sale of natural gas.
Focuses specifically on natural gas operations.
Utility company
A company providing essential services such as electricity, water, or gas.
May include multiple types of services, not limited to natural gas.
Energy company
A broad term for companies involved in energy production and distribution.
Can encompass various energy sources, including renewable energy.
Common misunderstandings
What to do if this term applies to you
If you are involved with a natural-gas company, ensure compliance with relevant federal and state regulations. Consider using US Legal Forms to access legal templates for contracts, agreements, or compliance documents. If your situation is complex, seeking professional legal assistance is advisable.
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