Risk of the Interstate Natural Gas Pipeline Industry: Summary
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Our analysis of regulatory risk for gas pipelines began when the Interstate Natural Gas Association of America (INGAA) commissioned the authors1 to study the risk of the interstate natural gas pipeline industry (hereafter pipeline industry).2 INGAA was concerned that there might be fundamental problems with the current system of pipeline regulation. Most particularly for this study, INGAA was concerned that there seemed to be a difference between regulators’ perception of the industry’s risks and the risks perceived by the pipeline companies themselves.
KeywordsReturn Regulation Economic Principle Regulatory Risk Spot Market Federal Energy Regulatory Commission
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