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EMD-79-39 1 (1979-08-27)

handle is hein.gao/gaobaazpd0001 and id is 1 raw text is: UNITED STATES GENERAL ACCOUNTING OFFICE WASHINGTON, D.C. 20548 ENERGY AND MINERALS DIVISION AUGUST 27, 1979 B-178205 The Honorable Charles B. Curtis Chairman, Federal EnergyB Regulatory Commission 4 Q C o/L-2L 110216 Dear Mr. Curtis: Pursuant to our authority under title V of the Energy Policy and Conservation Act - (EPCA), 42 U.S.C. 6381, et seq., the U.S. General Accounting Office has conducted a verification examination of information submitted to the Federal Power Commission (now the Federal Energy Regulatory Commission (FERC) within the Department of Energy) in 1 fled natural gas proceedings by Trunkline LNG Company. The purpose of this letter is to advise you of our findings with respect to the accuracy, reliability and adequacy of the energy information which was the subject of our examina- tion. Our work was limited to data considered by the Commission in deciding that liquefied natural gas (LNG) would not be marketable if offered to customers under the incremental pricing plan outlined in Opinion 796. At the outset it should be noted that the question before the Commission in Opinion 796A--whether to require rolled-in or incremental pricing--has been decided by the Congress. The Natural Gas Policy Act of 1978, 15 U.S.C. 3301 et seq., requires that high-cost natural gas be in- crementally priced to certain users. The act specifically excepts from this requirement, however, LNG imported under projects certificated by the Commission before May 1, 1978. While the Trunk21ne LNG project clearly is grand- fathered by this legislation and while we do not challenge the correctness of the Commission decision to require rolled-in pricing in Opinion 796A, our examination led us to conclude that survey data submitted by Trunkline and relied on by the Commission in reaching its result was inadequate. Thus, we are reporting our conclusion as is required by EPCA, 42 U.S.C. 6382. BACKGROUND On June 30, 1977, the Commission issued Opinion 796A directing Trunkline to sell imported LNG at rates reflecting EMD-79-39

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