Effective August 29, 2006, the Federal Energy Regulatory Commission has amended its regulations concerning reporting requirements related to facility damage. This Final Rule is based upon experience following Hurricanes Katrina and Rita, where the Commission determined that it lacked vital information regarding the physical condition of facilities affecting operation of the pipeline grid even though it had been kept informed of serious service interruptions as the regulations required. In the past, FERC only required pipeline companies to report service interruptions and therefore did not require natural gas companies to report significant damage due to hurricanes, where service interruptions were avoided by rerouting gas supplies. In order to effectively monitor the nation’s natural gas infrastructure during crisis situations, including natural disasters and terrorist activity, the Commission has determined that additional reporting requirements are necessary. More information is available by clicking here.
To find out more about how these new reporting requirements will affect you, please contact Jessica Roger.