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II. Problems with the NGPA - The Need to Modify the Natural Gas Policy Act

Catherine Good Abbott

Year: 1982
Volume: Volume 3
Number: Number 4
DOI: 10.5547/ISSN0195-6574-EJ-Vol3-No4-2
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Abstract:
The current debate over the Natural Gas Policy Act of 1978 (NGPA) has three components: 1. Is the NGPA likely to achieve the goals Congress established for it in 1978? 2. Is the NGPA likely to lead to an extension of controls beyond 1985? If so, what are the consequences of such an extension? 3. What are the costs and benefits of alternatives to the NGPA?



Natural Gas Policy: The Unresolved Issues

Thomas P. Lyon

Year: 1990
Volume: Volume 11
Number: Number 2
DOI: 10.5547/ISSN0195-6574-EJ-Vol11-No2-2
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Abstract:
This paper analyzes the restructuring of the natural gas industry which has been going on for several years. It gives the background to the current attempts at restructuring and describes Stanford University's 9th study by the Energy Modeling Forum on North American gas markets which is the analytical basis for this paper. It then describes the tension between the two regulatory objectives, economic efficiency and satisfyingpublic policy concerns regarding the distribution of economic surplus, which must be considered in any analysis of regulatory policy and market structure in the natural gas industry. Ten key natural gas policy issues that remain unresolved are analyzed and a more general discussion of how the gas industry may evolve under several alternative sets of market conditions are presented. Finally, it considers howpoliticalpressures may affect gas policies in future.





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