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Antitrust Implications of FERC Order 636

โœ Scribed by Gidley, J. Mark


Publisher
John Wiley and Sons
Year
2008
Weight
945 KB
Volume
10
Category
Article
ISSN
0743-5665

No coin nor oath required. For personal study only.

โœฆ Synopsis


1992, the Federal Energy Regulatory Commison (FERC) took. bold steps toward increased telephone companies against other providers of longdistance service, petition in the sale of natural gas in its landmark

The result of the telephone decree was to eliminate sr 636, For interstate gas pipelines, Order 636

iires sales unbundling (the separation of the sale .anspomtion services from the sale of natural and transportation unbundling (breaking transation into still Further component services). ding on past FERC initiatives, the Order has nt unprecedented changes in the industry holds the promise of greater competition and *plation.

From an antitrust lawyer's viewpoint, Order 636 zertain structural characteristics in common with modified final judgment in the AT&T antitrust ition. That lawsuit, brought by the Justice lament's Antitrust Division, essentially broke :T into two different classes of service (and Ipanies): local and long-distance telephone ser-. Smaller, regional Bell operating companies ., Southwestern Bell) were to provide local telephone service, wk Gldky is of counsd to while AT&Twas split Igw firm of Shaw Pittman. off as a company free 8 6 Trowbridge, Washing to provide long-'"' ' ' 'he distance telephone


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As a part of the gas world after Order 636, development of market hubs related to storage and major pipeline interconnections will prove essential for suppliers and consumers aggregating supply and balancing transportation volumes. Additionally, Order 636 comes after five years of significant oversu