The implementation of Federal Energy Regulatory Commission ("FERC") Order No. 636 will result in major changes in the operations of interstate natural gas pipelines and the way natural gas is bought, sold, and transported. Instead of a "bundled" service for which the customer pays one price for gas, transportation, storage and related services, interstate pipelines will offer a menu of services from which customers can choose.

This paper discusses the major changes brought about by Order No. 636 and focuses on the "unbundling" of interstate pipeline services and the resulting operational changes, the development of market centers, and the role of storage in this new environment.

You can access this article if you purchase or spend a download.