
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 15USC3362]

 
                      TITLE 15--COMMERCE AND TRADE
 
                     CHAPTER 60--NATURAL GAS POLICY
 
         SUBCHAPTER III--ADDITIONAL AUTHORITIES AND REQUIREMENTS
 
                       Part A--Emergency Authority
 
Sec. 3362. Emergency purchase authority


(a) Presidential authorization

    During any natural gas supply emergency declared under section 3361 
of this title, the President may, by rule or order, authorize any 
interstate pipeline or local distribution company served by any 
interstate pipeline to contract, upon such terms and conditions as the 
President determines to be appropriate (including provisions respecting 
fair and equitable prices), for the purchase of emergency supplies of 
natural gas--
        (1) from any producer of natural gas (other than a producer who 
    is affiliated with the purchaser, as determined by the President) 
    if--
            (A) such natural gas is not produced from the Outer 
        Continental Shelf; and
            (B) the sale or transportation of such natural gas was not 
        pursuant to a certificate issued under the Natural Gas Act [15 
        U.S.C. 717 et seq.] immediately before the date on which such 
        contract was entered into; or

        (2) from any intrastate pipeline, local distribution company, or 
    other person (other than an interstate pipeline or a producer of 
    natural gas).

(b) Contract duration

    The duration of any contract authorized under subsection (a) of this 
section may not exceed 4 months. The preceding sentence shall not 
prohibit the President from authorizing under subsection (a) of this 
section a renewal of any contract, previously authorized under such 
subsection, following the expiration of such contract.

(c) Related transportation and facilities

    The President may, by order, require any pipeline to transport 
natural gas, and to construct and operate such facilities for the 
transportation of natural gas, as he determines necessary to carry out 
any contract authorized under subsection (a) of this section. The costs 
of any construction or transportation ordered under this subsection 
shall be paid by the purchaser of natural gas under the contract with 
respect to which such order is issued. No order to transport natural gas 
under this subsection shall require any pipeline to transport natural 
gas in excess of such pipeline's available capacity.

(d) Maintenance of adequate records

    The Commission shall require any interstate pipeline or local 
distribution company contracting under the authority of this section for 
natural gas to maintain and make available full and adequate records 
concerning transactions under this section, including records of the 
volumes of natural gas purchased under the authority of this section and 
the rates and charges for purchase and receipt of such natural gas.

(e) Special limitation

    No sale under any emergency purchase contract under this section for 
emergency supplies of natural gas for sale and delivery from any 
intrastate pipeline which is operating under court supervision as of 
January 1, 1977, may take effect unless the court approves.

(Pub. L. 95-621, title III, Sec. 302, Nov. 9, 1978, 92 Stat. 3382.)

                       References in Text

    The Natural Gas Act, referred to in subsec. (a)(1)(B), is act June 
21, 1938, ch. 556, 52 Stat. 821, as amended, which is classified 
generally to chapter 15B (Sec. 717 et seq.) of this title. For complete 
classification of this act to the Code, see section 717w of this title 
and Tables.

                  Section Referred to in Other Sections

    This section is referred to in sections 3361, 3363, 3364, 3373, 
3374, 3412, 3414, 3416, 3417, 3431, 3432 of this title.
