[Code of Federal Regulations]
[Title 18, Volume 1]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 18CFR284.270]

[Page 753-754]
 
           TITLE 18--CONSERVATION OF POWER AND WATER RESOURCES
 
  CHAPTER I--FEDERAL ENERGY REGULATORY COMMISSION, DEPARTMENT OF ENERGY
 
PART 284_CERTAIN SALES AND TRANSPORTATION OF NATURAL GAS UNDER THE 
NATURAL GAS POLICY ACT OF 1978 AND RELATED AUTHORITIES--Table of Contents
 
   Subpart I_Emergency Natural Gas Sale, Transportation, and Exchange 
                              Transactions
 
Sec. 284.270  Reporting requirements.

    (a) Forty-eight hour report for sales transactions. Within 48 hours 
after deliveries of emergency natural gas commence, the purchasing 
participant must notify the Commission by telegraph or other written 
report of the sale, stating, in the following sequences:
    (1) That the report is submitted pursuant to Sec. 284.270 for an 
emergency natural gas transaction;
    (2) The date deliveries commenced;
    (3) The specific nature of the situation, explained in sufficient 
detail to demonstrate how the situation qualifies as an emergency under 
Sec. 284.262 and under the conditions of Sec. 284.264, and anticipated 
duration of the emergency;
    (4) The estimated total amount and average daily amount of emergency 
natural gas to be purchased during the term of the transaction;
    (5) The purchase price of the emergency natural gas;
    (6) The transportation rate; and
    (7) The identity of all participants involved in the transaction, 
including any customers to whom the emergency natural gas is to be 
assigned.
    (b) Forty-eight hour report for transportation (excluding 
exchanges). Within 48 hours after deliveries commence in an emergency 
natural gas transaction

[[Page 754]]

which does not involve the sale of emergency natural gas, the recipient 
of emergency natural gas shall notify the Commission by telegram or 
other written report of the transportation, stating, in the following 
sequence:
    (1) That the report is submitted pursuant to Sec. 284.270 for an 
emergency transaction;
    (2) The date deliveries commenced;
    (3) The specific nature of the situation, explained in sufficient 
detail to demonstrate how the situation qualifies as an emergency under 
Sec. 284.262 and under the conditions of Sec. 284.264, and anticipated 
duration of the emergency;
    (4) The estimated total amount and average daily amount of emergency 
natural gas to be transported during the term of the transaction;
    (5) The transportation rate; and
    (6) The identity of all the participants involved in the 
transaction.
    (c) Forty-eight hour report for exchanges. Within 48 hours after an 
exchange transaction for emergency natural gas commences, the initial 
recipient of the exchange volumes must notify the Commission by telegram 
or other written report of the exchange, stating, in the following 
sequence:
    (1) That the report is for and submitted pursuant to Sec. 284.270 
for an emergency transaction;
    (2) The date the exchange commenced;
    (3) The specific nature of the situation, explained in sufficient 
detail to clearly demonstrate how the situation qualifies as an 
emergency under Sec. 284.262 and under the conditions of Sec. 284.264, 
and anticipated duration of the emergency;
    (4) The estimated total amount and average daily amount of emergency 
natural gas to be exchanged during the term of the transaction;
    (5) The identity of all participants involved in the transaction;
    (6) Whether the exchange is simultaneous or deferred, or any 
imbalances in the volumes;
    (7) Whether the exchange is on a thermal or volumetric basis; and
    (8) The rates or charges, if any, for the exchange service.
    (d) Termination report. Within thirty days after the emergency 
natural gas transaction ends, the participant that received the 
emergency natural gas shall file with the Commission a sworn statement 
and two conformed copies thereof, which must include the following 
information in the following sequence:
    (1) A description of the emergency natural gas transaction, 
including sufficient information to clearly demonstrate how the 
situation qualifies as an emergency under Sec. 284.262 and under the 
conditions of Sec. 284.264; the commencement and termination dates; the 
date of the 48-hour report, and the method of resolving the emergency;
    (2) Any corrections to the 48-hour report information supplied to 
the Commission under paragraphs (a) through (c) of this section or a 
statement that the information was correct;
    (3) The volumes of the emergency natural gas delivered during the 
transaction;
    (4) The total compensation received by the seller for the emergency 
sale;
    (5) The total compensation paid for the emergency natural gas 
transportation or exchange service, if any;
    (6) The methods by which such compensation was derived;
    (7) The total volumes of natural gas whose cost was assigned to 
specific customers, and the total volumes whose cost was included in 
system supply;
    (8) The information supplied to any other participant pursuant to 
Sec. 284.264(a)(2); and
    (9) A statement that the emergency natural gas transaction was 
carried out in accordance with this subpart, and that identifies the 
circumstances demonstrating an emergency existed or was imminent so as 
to require an emergency natural gas transaction.