FERC: No Withholding Pipeline Capacity in New England Markets
The Federal Energy Regulatory Commission (FERC) today released a statement announcing it found no evidence of anticompetitive withholding of natural gas pipeline capacity on Algonquin Gas Transmission by New England shippers, and will take no further action on the matter.
The inquiry arose out of allegations made by the Environmental Defense Fund (EDF) in an August 2017 white paper, which asserted that local gas distribution companies in New England had engaged in practices to withhold pipeline capacity on the Algonquin system in order to drive up gas and/or power prices in the region. In response, FERC staff conducted an extensive review of both publicly available and non-public data. On the basis of that review, staff determined that EDF’s study was flawed and led to incorrect conclusions about the alleged withholding.
FERC’s Office of Enforcement’s Division of Analytics and Surveillance routinely monitors wholesale natural gas and power markets to look for potential market manipulation and any other inappropriate behavior.
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