January 19, 2012 - Item G-1: FERC Eliminates Duplicative Reporting Requirements for Gas Storage Providers News Release | Order No. 757

General Information	Storage Fields and Projects
Order No. 757 Order No. 678-A Order No. 678 News Release - June 15, 2006 Summer 2006 Storage Overview Background Underground Storage Facility Storage Fields Underground Natural Gas Storage Report	Jurisdictional Storage Fields By Owner (updated 02/01/2012) By Location (updated 02/01/2012) Sortable (updated 02/01/2012) Storage Projects Pending (updated 06/21/2012) On the Horizon (updated 06/21/2012) Currently in Pre-filing (updated 06/21/2012) Certificated Storage Projects Since 2000 For an Expansion of or New Capacity (updated 06/21/2012)

The underground storage of natural gas has historically been critical in assuring that overall demands and use specific requirements of natural gas customers are met.

The Energy Policy Act of 2005 added a new § 4(f) to the Natural Gas Act, stating that the Commission may authorize natural gas companies to provide storage and storage-related services at market-based rates for new storage capacity (placed into service after the date of enactment of the Act), even though the company can't demonstrate it lacks market power.

To make this authorization, the Commission must determine that market-based rates are in the public interest and needed to encourage the construction of the capacity and that customers are adequately protected. The Commission shall ensure that reasonable terms and conditions are in place to protect consumers and must periodically review the market-based rates authorized to ensure they remain just, reasonable and not unduly discriminatory or preferential.