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The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress, and was published on Feb 2, 1977.
(Conference report filed in House) Emergency Natural Gas Act - Authorizes the President to declare natural gas emergencies where severe natural gas shortages threaten the supply of natural gas for high-priority uses in areas of the United States. Authorizes the President to order transfers of supplies of interstate natural gas from one pipeline to another, or order the construction and generation of additional facilities to alleviate natural gas shortages. Stipulates that no such delivery or transportation may continue after April 30, 1977. Stipulates that such transfers as ordered by the President shall not subject the pipeline to regulation under the Natural Gas Act or other provisions of State or Federal law. Establishes procedures for enforcement orders and subpenas issued under this Act. Establishes criteria for compensation of pipelines for compliance with such orders. Exempts activities pursuant to this Act from civil and criminal penalties under State and Federal antitrust laws. Authorizes the President to require contracts for purchases of emergency supplies of natural gas before August 1, 1977. Stipulates that such transactions shall be exempt from Federal Power Commission regulation under the Natural Gas Act. Imposes civil and criminal penalties for violations of orders issued under this Act.
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