What is the purpose of the Natural Gas Act of 1938?

The Natural Gas Act of 1938 is a law enacted by the federal government to regulate the sale and transportation of natural gas in interstate commerce. This law was created to promote the development of natural gas resources and ensure fair prices to customers. It established the Federal Power Commission (FPC) which is now the Federal Energy Regulatory Commission (FERC). The main purpose of the Natural Gas Act is to ensure reliable and safe service of natural gas to all customers in the state of Arkansas. It also ensures that the natural gas industry operates in a competitive environment, and natural gas prices are fair to both the consumer and the supplier. The Act also provides for the FERC to review proposals for new or expanded interstate natural gas pipelines. Another purpose of the Act is to create a framework for public utility regulation. It promotes the availability of affordable energy by providing incentives for utilities to invest in infrastructure and other initiatives that improve energy efficiency. The Act also provides the FERC the authority to require utilities to disclose financial information and to investigate any potential market manipulation. In addition, the Act allows the FERC to issue regulations that determine the sale and transportation of natural gas, and to investigate price regulation practices. This includes making sure that natural gas prices are fair to consumers, and that there is no price discrimination between different customers. The act also seeks to protect customers from unfair practices and to ensure that service providers are reliable and safe.

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What is the purpose of the Natural Gas Act of 1938?

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