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15 U.S.C. § 3374 — Effect of certain natural gas prices on indefinite price escalator clauses
Federal law — U.S. Code and appendices · legal_authorities
**(a) High-cost natural gas** No price paid in any first sale of high-cost natural gas (as defined in section 3317(c) 11 See References in Text note below. of this title, as such section was in effect on January 1, 1989) may be taken into account in applying any indefinite price escalator clause (as defined in section 3315(b)(3)(B) 1 of this title, as such section was in effect on January 1, 1989) with respect to any first sale of any natural gas other than high-cost natural gas (as defined in section 3317(c) 1 of this title, as such section was in effect on January 1, 1989).
**(b) Other transactions** No price paid—
(1) in any sale authorized under [section 3362(a) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section3362/a&num=0&edition=prelim), or
(2) pursuant to any order issued under section 3363(b), (c), (d), or (g) of this title,
may be taken into account in applying any indefinite price escalator clause (as defined in section 3315(b)(3)(B) 1 of this title, as such section was in effect on January 1, 1989).
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Source file: Laws/federal/codes/united-states-code/title-15/section-3374-effect-of-certain-natural-gas-prices-on-indefinite-price-escalator-claus--9970cec72f.md
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Source location: Title 15, Chapter 60, § 3374; chapter-060-natural-gas-policy.md
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**(a) High-cost natural gas** No price paid in any first sale of high-cost natural gas (as defined in section 3317(c) 11 See References in Text note below. of this title, as such section was in effect on January 1, 1989) may be taken into account in applying any indefinite price escalator clause (as defined in section 3315(b)(3)(B) 1 of this title, as such section was in effect on January 1, 1989) with respect to any first sale of any natural gas other than high-cost natural gas (as defined in section 3317(c) 1 of this title, as such section was in effect on January 1, 1989).
**(b) Other transactions** No price paid—
(1) in any sale authorized under [section 3362(a) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section3362/a&num=0&edition=prelim), or
(2) pursuant to any order issued under section 3363(b), (c), (d), or (g) of this title,
may be taken into account in applying any indefinite price escalator clause (as defined in section 3315(b)(3)(B) 1 of this title, as such section was in effect on January 1, 1989).
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Commission approval of transportation**
(1) **Interstate pipelines**
(A) *In general* — The Commission may, by rule or order, authorize any interstate pipeline to transport natural gas on behalf of—
(i) any intrastate pipeline; and
(ii) any local distribution company.
(B) *Just and reasonable rates* — The rates and charges of any interstate pipeline with respect to any transportation authorized under subparagraph (A) shall be just and reasonable (within the meaning of the Natural Gas Act [[15 U.S.C. 717](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section717&num=0&edition=prelim) et seq.]).
(2) **Intrastate pipelines**
(A) *In general* — The Commission may, by rule or order, authorize any intrastate pipeline to transport natural gas on behalf of—
(i) any interstate pipeline; and
(ii) any local distribution company served by any interstate pipeline.
(B) *Rates and charges*
(i) *Maximum fair and equitable price* — The rates and charges of any intrastate pipeline with respect to any transportation authorized under subparagraph (A), including any amount computed in accordance with the rule prescribed under clause (ii), shall be fair and equitable and may not exceed an amount which is reasonably comparable to the rates and charges which interstate pipelines would be permitted to charge for providing similar transportation service.
(ii) *Commission rule* — The Commission shall, by rule, establish the method for calculating an amount necessary to—
(I) reasonably compensate any intrastate pipeline for expenses incurred by the pipeline and associated with the providing of any gathering, treatment, processing, transportation, delivery, or similar service provided by such pipeline in connection with
Source: Supplied U.S. Code snapshot — release unconfirmed · 15 U.S.C. § 3372
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Federal law — U.S. Code and appendices · legal_authorities
Page 2010
TITLE 15—COMMERCE AND TRADE
§ 3374
Editorial Notes
REFERENCES IN TEXT
Sections 3315 and 3317 of this title, referred to in text,
were repealed effective Jan. 1, 1993, by Pub. L. 101–60,
§ 2(b), July 26, 1989, 103 Stat. 158.
AMENDMENTS
1989—Pub. L. 101–60 inserted ‘‘, as such section was in
effect on January 1, 1989’’ in four places.
Statutory Notes and Related Subsidiaries
EFFECTIVE DATE OF 1989 AMENDMENT
Amendment by Pub. L. 101–60 effective Jan. 1, 1993,
see section 3(b) of Pub. L. 101–60, set out as a note under
section 3372 of this title.
§ 3374. Clauses prohibiting certain sales, trans-
portation, and commingling
(a) General rule
Any provision of any contract for the first sale
of natural gas is hereby declared against public
policy and unenforceable with respect to any
natural gas covered by this chapter if such pro-
vision—
(1) prohibits the commingling of natural gas
subject to such contract with natural gas sub-
ject to the jurisdiction of the Commission
under the provisions of the Natural Gas Act
[15 U.S.C. 717 et seq.];
(2) prohibits the sale of any natural gas sub-
ject to such contract to, or transportation of
any such natural gas by, any person subject to
the jurisdiction of the Commission under the
Natural Gas Act [15 U.S.C. 717 et seq.], or oth-
erwise prohibits the sale or transportation in
interstate commerce (within the meaning of
the Natural Gas Act) of natural gas subject to
such contract; or
(3) terminates, or grants any party the op-
tion to terminate, any obligation under any
such contract as a result of such commingling,
sale, or transportation.
(b) Natural gas covered by this chapter
For purposes of subsection (a), the term ‘‘nat-
ural gas covered by this chapter’’ means—
(1) natural gas which is not co
Source: Supplied 2024 U.S. Code historical extraction · 15 U.S.C. § 3374
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