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National Fuel gets FERC OK to stop facility transfer to affiliate

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National Fuel gets FERC OK to stop facility transfer to affiliate

The Federal Energy Regulatory Commission allowed National Fuel Gas Supply Corp. to stop the transfer of natural gas facilities and services to affiliate National Fuel Gas Supply LLC.

FERC issued the Sept. 5 order in response to a National Fuel Gas Supply Corp. request to vacate an authorization originally issued in 2015. National Fuel Gas Supply Corp. had received the permission to place its facilities under its affiliate's management to go along with a corporate structure change from a Pennsylvania corporation to a Delaware limited liability company. However, due to "changed circumstances" mentioned in the FERC order, the pipeline company no longer plans to change its structure. National Fuel asked FERC to rescind the authorization in a May 29 letter.

"In light of the changed circumstances, we will vacate the authorizations granted to [National Fuel and National Fuel Gas Supply LLC]," FERC said in the order.

National Fuel and its affiliate applied for the transfer in a February 2015 application. Under FERC's November 2015 authorizing certificate order, the pipeline company had until Nov. 19, 2016, to finish transferring all its interstate gas facilities. The companies later secured additional time for the transfer, pushing the deadline to 2018, in response to shifting "market conditions." (FERC docket CP15-100)