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

The Natural Gas Act of 1938 is a federal law that regulates the sale and transportation of natural gas in interstate commerce in the United States. The purpose of the Act is to encourage the development of an efficient, economical, and safe natural gas industry that provides a universal service to the public, while also protecting the environment. The Act authorizes the Federal Energy Regulatory Commission to regulate the rates that gas companies are allowed to charge customers. It also permits the Commission to issue permits and certificates of public convenience and necessity, which allow a gas company to build new facilities or acquire existing facilities in order to improve service to the public. Additionally, the Act requires the Commission to set safety standards for pipeline operations and for the storage of natural gas. The Act also gives the states’ responsibility to regulate the safety and quality of the gas within their borders, as well as its delivery to customers within the state. In Florida, this is handled by the Florida Public Service Commission, which is in charge of rules and regulations related to gas utilities and pipelines. The Natural Gas Act of 1938 is an important part of the legal framework that ensures that natural gas consumers in the United States are protected, and that the natural gas industry continues to provide reliable and affordable service to its customers.

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

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