Summary: S.2892 — 97th Congress (1981-1982)All Information (Except Text)

There is one summary for S.2892. Bill summaries are authored by CRS.

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Introduced in Senate (09/10/1982)

Amends the Natural Gas Policy Act to define the term "abuse" to include not only misrepresentation but: (1) imprudence on the part of the company; and (2) any pipeline company-producer contract which materially prevents the pipeline from responding to changes in customer demand or other market forces. Sets forth contract clauses which if found in a producer-pipeline contract will give rise to a rebuttable presumption that a contract materially prevents a pipeline from responding to changes in customer demand or other market forces.