2018 US Code
Title 15 - Commerce and Trade
Chapter 60 - Natural Gas Policy
Subchapter III - Additional Authorities and Requirements
Part B - Other Authorities and Requirements
Sec. 3372 - Assignment of contractual rights to receive surplus natural gas
| 15 U.S.C. § 3372 (2018) |
| §3372. Assignment of contractual rights to receive surplus natural gas |
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(a) Authorization of assignments
The Commission may, by rule or order, authorize any intrastate pipeline to assign, without compensation, to any interstate pipeline or local distribution company all or any portion of such intrastate pipeline's right to receive surplus natural gas at any first sale, upon such terms and conditions as the Commission determines appropriate. (b) Effect of authorization under subsection (a)For the effect of an authorization under subsection (a), see section 3431 of this title (relating to the coordination of this chapter with the Natural Gas Act [15 U.S.C. 717 et seq.]). (c) Surplus natural gasFor purposes of this section, the term "surplus natural gas" means any natural gas which is determined, by the State agency having regulatory jurisdiction over the intrastate pipeline which would be entitled to receive such natural gas in the absence of any assignment to exceed the then current demands on such pipeline for natural gas. |
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(Pub. L. 95–621, title III, §312, Nov. 9, 1978, 92 Stat. 3392; Pub. L. 101–60, §3(b)(2), July 26, 1989, 103 Stat. 158.) |
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REFERENCES IN TEXT
The Natural Gas Act, referred to in subsec. (b), is act June 21, 1938, ch. 556, 52 Stat. 821, as amended, which is classified generally to chapter 15B (§717 et seq.) of this title. For complete classification of this act to the Code, see section 717w of this title and Tables. AMENDMENTS1989—Subsec. (c). Pub. L. 101–60 substituted "any natural gas" for "any natural gas— "(1) which is not committed or dedicated to interstate commerce on November 8, 1978; "(2) the first sale of which is subject to a maximum lawful price established under subchapter I of this chapter; and "(3)". Section 3(b) of Pub. L. 101–60 provided in part that the amendment by section 3(b)(2) of Pub. L. 101–60 is effective Jan. 1, 1993. |
| United States Code, 2018 Edition, Title 15 - COMMERCE AND TRADE |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 15 - COMMERCE AND TRADE CHAPTER 60 - NATURAL GAS POLICY SUBCHAPTER III - ADDITIONAL AUTHORITIES AND REQUIREMENTS Part B - Other Authorities and Requirements Sec. 3372 - Assignment of contractual rights to receive surplus natural gas |
| section 3372 |
| 2018 |
| January 14, 2019 |
| No |
| standard |
| 52 Stat. 821 92 Stat. 3392 103 Stat. 158 |
| Public Law 95-621, Public Law 101-60 |
