How the end user can cope after restructuring
β Scribed by Grenier, Edward J.
- Publisher
- John Wiley and Sons
- Year
- 2008
- Weight
- 361 KB
- Volume
- 9
- Category
- Article
- ISSN
- 0743-5665
No coin nor oath required. For personal study only.
β¦ Synopsis
Now that Orders 636 and 636-A are a reality, end users must leam to cope.
For several years, at least the more sophisticated end users have learned to cope with the Order 436/5OO regime of nominations, bid week, and other new parts of the industry's administration. To this must be added the 636 restructuring changes, especially the capacity release program and the new landscape for pipeline transportation rates. As the new program is implemented, part of the shakeout will involve a new look at gas supply contracts and agency agreements (a subject too large and complex to be covered in this column).
Options Open to End Users
A sophisticated end user with multiple uses of gas (e.g., process uses, boiler fuel uses, general heating uses) would do well to review its gas needs in light of the options available under Order 636. A first step would be to consider those options, which
π SIMILAR VOLUMES
The Restructured (Bumpy) Road for the End User \_ \_ and the pipeline (again elec'onically) that this end desires the entire billion cubic feet a day for the entire period and is willing to pay the maximum rate. In the ideal post-636 world the releasor and the releasee will each get what it wants, a
In June I commented on the tremendous procedural difficulties likely to be faced by end users a s they confront the pipeline restructuring process under Order 636. That likelihood has now become a reality. Between May 28 and June 9 we know of five restructuring (RS) conferences in Washington, D.C.,
EdwardJ. Gnniery Jr., is aportner in the Washington, D.C., h w fvrn of Suthcrlancl, Asbill & Brennan. His spccialky is natural gas law, in which he has twenty-one years' experience. He is a graduate of H a d Law SchooL NATURAL G ~J U N E 1992 Copyight 0 1992 by Executive Enterprises
## Abstract Audit committee members at publicly traded firms now have to put their personal seal of approval on annual report financial statements. And this disclosure will appear over the printed name of each committee member. So don't expect your committee to βrubber stampβ top management's figur