Federal Energy Regulatory Commission Approves Revised Negotiated Rate Agreement between El Paso Natural Gas Company and ConocoPhillips

Strategic Insights -

The Federal Energy Regulatory Commission (FERC) has approved a revised negotiated rate agreement between El Paso Natural Gas Company, L.L.C. (EPNG) and ConocoPhillips Company. The agreement, filed on August 24, 2022, was accepted by FERC on September 26, 2022, effective September 1, 2022, as requested by EPNG. This decision was made with a waiver of the Commission's 30-day notice requirement, granted due to the lack of protests or adverse comments.

Key Takeaways:

  • FERC has approved a revised negotiated rate agreement between EPNG and ConocoPhillips Company, effective September 1, 2022.
  • The agreement was filed by EPNG on August 24, 2022, and accepted by FERC on September 26, 2022.
  • The Commission granted a waiver of the 30-day notice requirement, as no protests or adverse comments were filed.
  • Notices of intervention, timely-filed motions to intervene, and unopposed motions to intervene out-of-time filed before the issuance date of this order were granted.
  • This action does not constitute a waiver of the requirements of section 7 of the Natural Gas Act, nor does it imply approval of the referenced filing or any rate, charge, classification, or rule contained in the applicant's tariff.

Statistics:

  • 30 days: The length of time allowed for protests or adverse comments to be filed.
  • 18 C.F.R. § 385.713 (2021): The regulation stating that requests for rehearing by the Commission may be filed within 30 days of the date of issuance of this order.
  • September 1, 2022: The effective date of the revised negotiated rate agreement between EPNG and ConocoPhillips Company.
  • September 12, 2022: The deadline for interventions and protests in response to the filing.
  • September 26, 2022: The date on which FERC accepted the revised negotiated rate agreement.

Sources:

  • [Letter Order Pursuant to SS 375.307 to El Paso Natural Gas Company, L.L.C., Docket No. RP22-1185-000, September 26, 2022]