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On March 22, APGA submitted comments in response to the Federal Energy Regulatory Commission’s (FERC) proposed revised policy statement on natural gas indices. Given the fact that APGA members across the country purchase nearly all of their gas under an index and often rely on what are illiquid price points, APGA has been focused and concerned about the accuracy of price indices for almost three decades.

Through its comments, APGA indicates its appreciation and support of FERC moving forward to strengthen its pricing indices policy. While price reporting entities have provided added transparency since the first pricing indices policy in 2003, FERC’s proposed changes to its policy statement will further ensure accuracy for purchasers who rely on an index.
APGA hopes that all industry participants, including APGA members, reevaluate participation in price reporting. APGA looks forward to continued participation in this process, including responding to the related notice of proposed rulemaking pertaining to FERC’s safe harbor policy for data providers to price index developers- for which comments are due on June 1.

A copy of the comments is available online here.

For questions on this article, please contact Renée Lani of APGA staff by phone at 202-464-0836 or by email at rlani@apga.org.