EEQ » Topics » Increased regulation and regulatory scrutiny may reduce our revenues

These excerpts taken from the EEQ 10-K filed Feb 19, 2009.

Increased regulation and regulatory scrutiny may reduce our revenues

Our interstate pipelines and certain activities of our intrastate natural gas pipelines are subject to FERC regulation of terms and conditions of service. In the case of interstate natural gas pipelines, FERC also establishes requirements respecting the construction and abandonment of pipeline facilities. FERC has pending proposals to increase posting and other compliance requirements applicable to natural gas markets, and in 2008, has continued to step up its enforcement efforts. The new political administration is focused on energy policy and has the authority to name new FERC commissioners, including a Chairman, to reflect a Democratic majority. Such changes could prompt an increase in FERC regulatory oversight of our pipelines and additional legislation that could increase our FERC regulatory compliance costs and decrease the net income generated by our pipeline systems.

Increased regulation and regulatory scrutiny may reduce our revenues

Our interstate pipelines and certain activities of our intrastate natural gas pipelines are subject to FERC regulation of terms and conditions of service. In the case of interstate natural gas pipelines, FERC also establishes requirements respecting the construction and abandonment of pipeline facilities. FERC has pending proposals to increase posting and other compliance requirements applicable to natural gas markets, and in 2008, has continued to step up its enforcement efforts. The new political administration is focused on energy policy and has the authority to name new FERC commissioners, including a Chairman, to reflect a Democratic majority. Such changes could prompt an increase in FERC regulatory oversight of our pipelines and additional legislation that could increase our FERC regulatory compliance costs and decrease the net income generated by our pipeline systems.

EXCERPTS ON THIS PAGE:

10-K (2 sections)
Feb 19, 2009
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