§ 3372. Assignment of contractual rights to receive surplus natural gas

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1. 1978

   Pub. L. 95–621 title III § 312 · 92 Stat. 3350

   Enacted · 15 U.S.C. § 3372

   Pub. L. 95–621, title III, § 312, Nov. 9, 1978, 92 Stat. 3392

   Source evidence

   Code source credit
   Pub. L. 95–621, title III, § 312, Nov. 9, 1978, 92 Stat. 3392

   Enacted provision · exact public law section
   SEC. 312. ASSIGNMENT OF CONTRACTUAL RIGHTS TO RECEIVE SURPLUS NATURAL GAS. (a) 15 USC 3372. 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 601 (relating 15 USC 717w. to the coordination of this Act with the Natural Gas Act). (c) Surplus Natural Gas.— For purposes of this section, the term “surplus natural gas” means any natural gas— (1) which is not committed or dedicated to interstate commerce on the day before the date of the enactment of this Act; (2) the first sale of which is subject to a maximum lawful price established under title I of this Act and (3) 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.

2. 1989

   Pub. L. 101–60 § 3(b)(2) · 103 Stat. 157

   Substituted · 15 U.S.C. § 3372(c)

   Pub. L. 101–60 substituted “any natural gas” for “any natural gas—

   Source evidence

   Code amendment note
   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)”.

   Enacted provision · exact public law section
   (2) Section 312(c) (15 U.S.C. 3372(c)) is amended by striking “any natural gas” and all that follows through “(3)” and inserting in lieu thereof “any natural gas”.

   Effective date note
   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.

2 of 2 references resolved to an enrolled provision