Before Commissioners: James J. Hoecker, Chairman; William L. Massey, Linda Breathitt, and Curt Hebert, Jr.
On February 9, 2000, The Federal Energy Regulatory Commission (Commission) issued a final rule that amended the Commission's open access regulations to grant a waiver for a limited period of the price ceiling for released capacity transactions of less than one year. The waiver takes effect on March 26, 2000. On March 15, 2000, Indicated Shippers and the Independent Petroleum Association of America filed a motion to stay the effective date of the waiver pending the Commission's consideration of the order and rehearing and any subsequent judicial review.
Regulation of Short-Term Natural Gas Transportation Services and Regulation of Interstate Natural Gas Transportation Services, 63 FR 10156 (Feb. 25, 2000), III FERC Stats. & Regs. Regulations Preambles ¶ 31,091 (Feb. 9, 2000).
The Administrative Procedure Act provides that an agency may stay an action “when justice so requires.” The Commission finds that justice does not require the issuance of a stay, and denies the motion.
5 U.S.C. 705 (1994).
The Commission orders: The motion for stay is denied.
By the Commission.
Linwood A. Watson, Jr.,
Acting Secretary.
[FR Doc. 00-7799 Filed 3-29-00; 8:45 am]
BILLING CODE 6717-01-M