Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 18 - Conservation of Power and Water Resources |
Chapter I - Federal Energy Regulatory Commission, Department of Energy |
SubChapter I - Other Regulations Under the Natural Gas Policy Act of 1978 and Related Authorities |
Part 284 - Certain Sales and Transportation of Natural Gas Under the Natural Gas Policy Act of 1978 and Related Authorities |
Subpart M - Applications for Market-Based Rates for Storage |
§ 284.505 - Market-based rates for storage providers without a market-power determination.
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§ 284.505 Market-based rates for storage providers without a market-power determination.
(a) Any storage service provider seeking market-based rates for storage capacity, pursuant to the authority of section 4(f) of the Natural Gas Act, related to a specific facility put into service after August 8, 2005, may apply for market-based rates by complying with the following requirements:
(1) The storage service provider must demonstrate that market-based rates are in the public interest and necessary to encourage the construction of the storage capacity in the area needing storage services; and
(2) The storage service provider must provide a means of protecting customers from the potential exercise of market power.
(b) Any storage service provider seeking market-based rates for storage capacity pursuant to this section will be presumed by the Commission to have market power.