The Federal Energy Regulatory Commission (FERC) has updated its regulations to include the latest version (Version 4.0) of business practice standards for interstate natural gas pipelines, created by the North American Energy Standards Board (NAESB). This update aims to improve efficiency and reliability in the natural gas industry and enhance cybersecurity protections. The new rules go into effect on February 7, 2025, with compliance required by August 1, 2025. FERC continues to exclude certain standards, like optional model contracts, from being incorporated by reference.
Simple Explanation
FERC has made new rules to help gas pipelines work better and stay safe from hackers; these rules will start in February 2025, but some smaller companies worry about the cost and the tricky rules they might not understand.