See also
- Oil & Gas Journal – a leading petroleum industry weekly publication
- Platts –provides energy and metals information and benchmark price assessments in the physical energy markets
| Type | Weekly publication |
|---|---|
| Founder(s) | J. Rhoades Foster |
| Publisher | Foster Associates, Inc. |
| Editor-in-chief | Edgar D. Boshart |
| Founded | March 23, 1956 |
| Language | English |
| Headquarters | Bethesda, Maryland (Washington, D.C. Metropolitan Area) |
| ISSN | 0095-1587 |
| OCLC number | 60623206 |
| Website | www |
The Foster Natural Gas/Oil Report, formerly known as the Foster Natural Gas Report and Foster Associates Report, is a U.S.-based weekly newsletter published by Foster Associates, Inc. [1] [2] [3] It was founded in Washington, D.C., on March 23, 1956, by J. Rhoades Foster and a group of economists. Its editor-in-chief is Edgar D. Boshart.
The report publishes news about issues and events relevant to the regulated natural gas and oil market in North America. Topics of interest include production, marketing, transportation, distribution and end use. It reviews activities at the Federal Energy Regulatory Commission (FERC) and the National Energy Board (NEB) of Canada and well as the public hearings and rulings of state regulatory agencies. The report also covers leaders in politics, industry and regulatory entities related to the natural gas industry and public utility companies. [4]
The Federal Energy Regulatory Commission (FERC) is an independent agency of the United States government that regulates the interstate transmission and wholesale sale of electricity and natural gas and regulates the prices of interstate transport of petroleum by pipeline. FERC also reviews proposals to build interstate natural gas pipelines, natural gas storage projects, and liquefied natural gas (LNG) terminals, in addition to licensing non-federal hydropower projects.
A public utility company is an organization that maintains the infrastructure for a public service. Public utilities are subject to forms of public control and regulation ranging from local community-based groups to statewide government monopolies.
The Federal Power Act is a law appearing in Chapter 12 of Title 16 of the United States Code, entitled "Federal Regulation and Development of Power". Enacted as the Federal Water Power Act on June 10, 1920, and amended many times since, its original purpose was to more effectively coordinate the development of hydroelectric projects in the United States. Representative John J. Esch (R-Wisconsin) was the sponsor.
The Public Utility Regulatory Policies Act is a United States Act passed as part of the National Energy Act. It was meant to promote energy conservation and promote greater use of domestic energy and renewable energy. The law was created in response to the 1973 energy crisis, and one year in advance of a second energy crisis.
The Public Utility Holding Company Act of 1935 (PUHCA), also known as the Wheeler-Rayburn Act, was a US federal law giving the Securities and Exchange Commission authority to regulate, license, and break up electric utility holding companies. It limited holding company operations to a single state, thus subjecting them to effective state regulation. It also broke up any holding companies with more than two tiers, forcing divestitures so that each became a single integrated system serving a limited geographic area. Another purpose of the PUHCA was to keep utility holding companies engaged in regulated businesses from also engaging in unregulated businesses. The act was based on the conclusions and recommendations of the 1928-35 Federal Trade Commission investigation of the electric industry. On March 12, 1935, President Franklin D. Roosevelt released a report he commissioned by the National Power Policy Committee. This report became the template for the PUHCA. The political battle over its passage was one of the bitterest of the New Deal, and was followed by eleven years of legal appeals by holding companies led by the Electric Bond and Share Company, which finally completed its breakup in 1961.
A regional transmission organization (RTO) in the United States is an electric power transmission system operator (TSO) that coordinates, controls, and monitors a multi-state electric grid. The transfer of electricity between states is considered interstate commerce, and electric grids spanning multiple states are therefore regulated by the Federal Energy Regulatory Commission (FERC). The voluntary creation of RTOs was initiated by FERC Order No. 2000, issued on December 20, 1999. The purpose of the RTO is to promote economic efficiency, reliability, and non-discriminatory practices while reducing government oversight.
The Minnesota Public Utilities Commission (MPUC) is an independent regulatory agency within the U.S. state of Minnesota responsible for the oversight and regulation of public utilities, including electric, natural gas, and telecommunications services. Created by the Minnesota Legislature, the commission's primary mission is to ensure that residents of Minnesota have access to safe, adequate, and efficient utility services at fair, reasonable rates. It plays a significant role in balancing the needs of consumers, the environment, and utility companies.
The Oklahoma Corporation Commission is the public utilities commission of the U.S state of Oklahoma run by three statewide elected commissioners. Authorized to employ more than 400 employees, it regulates oil and gas drilling, utilities and telephone companies.
Jon B. Wellinghoff is an American attorney who served as the chairman of the Federal Energy Regulatory Commission (FERC) from 2009 to 2013. The FERC is a U.S. government agency that regulates the interstate transmission of electricity, natural gas, and oil. The FERC also reviews proposals to build liquefied natural gas (LNG) terminals and interstate natural gas pipelines and licenses hydropower projects.
The American Gas Association (AGA) is an American trade organization founded in 1918 representing and advocating on behalf of local energy companies which deliver natural gas throughout the United States.
The Energy Resources Conservation Board (ERCB) was an independent, quasi-judicial agency of the Government of Alberta. It regulated the safe, responsible, and efficient development of Alberta's energy resources: oil, natural gas, oil sands, coal, and pipelines. Led by eight Board members, the ERCB's team of engineers, geologists, technicians, economists, and other professionals served Albertans from thirteen locations across the province.
The National Association of Regulatory Utility Commissioners (NARUC) is the national association representing the U.S. state public service commissioners who regulate essential utility services, including energy, telecommunications, and water. Founded in 1889, the Association is a resource for its members and the regulatory community, providing a venue to set and influence public policy, share best practices, and foster solutions to improve regulation.
The Iowa Utilities Board (IUB) is a three-member public utilities commission, with beginnings in 1878. It is a quasi-judicial tribunal, which regulates services and rates of electric, natural gas, water and telecommunication providers, as well as all pipelines and transmission lines in the U.S. state of Iowa and has existed with its present name since 1986.
Joseph Timothy Kelliher is an American energy executive and former chairman of the Federal Energy Regulatory Commission (FERC).
The Natural Gas Act of 1938 was the first occurrence of the United States federal government regulating the natural gas industry. It was focused on regulating the rates charged by interstate natural gas transmission companies. In the years prior to the passage of the Act, concern arose about the monopolistic tendencies of the transmission companies and the fact that they were charging higher than competitive prices. The passage of the Act gave the Federal Power Commission (FPC) control over the regulation of interstate natural gas sales. Later on, the FPC was dissolved and became the Federal Energy Regulatory Commission (FERC) pursuant to a different act. FERC continues to regulate the natural gas industry to this day.
The Alberta Energy Regulator (AER) is a Canadian crown corporation responsible for regulating the development of energy resources in Alberta. Headquartered in Calgary, Alberta, the AER's mandate under the Responsible Energy Development Act (REDA), passed on 10 December 2012 and proclaimed on 17 June 2013, is to provide safe, efficient, orderly, and environmentally responsible development of energy resources in the province.
United States energy law is a function of the federal government, states, and local governments. At the federal level, it is regulated extensively through the United States Department of Energy. Every state, the federal government, and the District of Columbia collect some motor vehicle excise taxes. Specifically, these are excise taxes on gasoline, diesel fuel, and gasohol. While many western states rely a great deal on severance taxes on oil, gas, and mineral production for revenue, most states get a relatively small amount of their revenue from such sources.
The Natural Gas Pipeline Permitting Reform Act is a bill that would place a 12-month deadline on the Federal Energy Regulatory Commission to approve or reject any proposal for a natural gas pipeline. It was first introduced into the United States House of Representatives during the 113th United States Congress, and passed the House. It was again introduced during the 114th United States CongressH.R. 161 in January 2015 by Rep. Mike Pompeo, passed the House on January 21.
Robert F. Powelson is an American nonprofit executive and former government official who currently serves as president and CEO of the National Association of Water Companies. He was a member of the Federal Energy Regulatory Commission from 2017 until 2018. Powelson previously served as a commissioner on the Pennsylvania Public Utility Commission from 2008 until 2017, and he is a past president of the National Association of Regulatory Utility Commissioners.
The Foster Natural Gas/Oil Report reviews all news and issues that impact regulated natural gas and oil activities in North America. FERC and other agency rulemaking proceedings, policy statement proceedings, orders, administrative or audit proceedings and accounting releases are a focus of each week's Report.
