| FERC Order No. 717 promulgated new Standards of Conduct regulations for Transmission Providers. New 18 CFR § 358.3(k)(3) of the FERC regulations specifies that a natural gas storage provider authorized to charge market-based rates is not considered a Transmission Provider for purposes of the Standards of Conduct. New 18 CFR § 358.7 requires certain posting requirements for Transmission Providers subject to the Standards of Conduct regulations. Steckman Ridge, LP is a natural gas storage provider authorized to charge market-based rates and, therefore, is not subject to the Standards of Conduct and the related posting requirements therein. |