Risk glossary

 

Abandonment

Permission given to US interstate pipelines by the Federal Energy Regulatory Commission (FERC) allowing for the discontinuation of sales, storage or transportation service along any portion of the pipeline system. The necessity for FERC permission derives from Section 7 of the Natural Gas Act of 1938. Permission is sought when utility companies want to replace, update or sell their facilities.

* see Federal Energy Regulatory Commission (FERC)

 

 

 

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