- 11 -11 authority (local authority) recommended that a field be designated as a tight formation.8 Second, FERC could affirm, reverse, remand, issue a preliminary finding, or take no action on the local authority's recommendation. If no action was taken by FERC, the local authority's recommendation became final 45 days after receipt of the recommendation by FERC. If FERC issued preliminary findings but failed to take further action, the local authority's recommendation became final 120 days after the date FERC's preliminary finding was issued. The third procedural step permitted an interested producer to petition the local authority for its recommendation that a particular well within the designated tight formation field should be classified as a tight formation well. Fourth, FERC could affirm, reverse, remand, issue a preliminary finding, or take no action on the local authority's recommendation with respect to a specific well. As in step 2, the local authority's individual tight formation well recommendation became final 45 days from the date FERC received the recommendation unless FERC issued a preliminary finding. In the event that FERC issued a preliminary finding, FERC had 120 days from the preliminary finding to take further action or the 8 NGPA sec. 503, 15 U.S.C. sec. 3413(c)(1), defines the local regulatory authority as the "Federal or State agency having regulatory jurisdiction with respect to the production of natural gas."Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011