{"abstract":"The Commission's price index policy is set forth in its Policy Statement on Natural Gas and Electric Price Indices. The Commission proposes several revisions to that policy to encourage more market participants to report their transactions to price index developers and to provide greater transparency into the natural gas price formation process to increase confidence in the accuracy and reliability of wholesale natural gas prices. First, the Commission proposes to allow data providers (market participants that report transaction data to price index developers) to report either their non-index based next-day natural gas transactions, their non-index based next-month natural gas transactions, or both, to price index developers. In addition, the Commission proposes to encourage data providers to report to all available Commission approved price index developers and also allow data providers to self-audit on a biennial basis. The Commission also proposes to modify the Commission's standards to remain an approved natural gas price index developer such that price index developers should: Indicate whether a published index price is assessed in their published indices and obtain recertification in order for their indices to continue to be included in FERC-jurisdictional tariffs. Finally, the Commission proposes to clarify the review period for assessing the liquidity of price indices submitted for reference in FERC- jurisdictional tariffs.","action":"Proposed revised policy statement on natural gas and electric indices.","agencies":[{"raw_name":"DEPARTMENT OF ENERGY","name":"Energy Department","id":136,"url":"https://www.federalregister.gov/agencies/energy-department","json_url":"https://www.federalregister.gov/api/v1/agencies/136","parent_id":null,"slug":"energy-department"},{"raw_name":"Federal Energy Regulatory Commission","name":"Federal Energy Regulatory Commission","id":167,"url":"https://www.federalregister.gov/agencies/federal-energy-regulatory-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/167","parent_id":136,"slug":"federal-energy-regulatory-commission"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2020/12/23/2020-28387.html","cfr_references":[],"citation":"85 FR 83940","comment_url":null,"comments_close_on":"2021-03-23","correction_of":null,"corrections":[],"dates":"Initial Comments are due March 23, 2021.","disposition_notes":null,"docket_ids":["Docket No. PL20-3-000"],"dockets":[],"document_number":"2020-28387","effective_on":null,"end_page":83947,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2020/12/23/2020-28387.xml","html_url":"https://www.federalregister.gov/documents/2020/12/23/2020-28387/actions-regarding-the-commissions-policy-on-price-index-formation-and-transparency-and-indices","images":{"EN23DE20.004":{"large":"https://img.federalregister.gov/EN23DE20.004/EN23DE20.004_large.png","original_size":"https://img.federalregister.gov/EN23DE20.004/EN23DE20.004_original_size.png"}},"images_metadata":{"EN23DE20.004":{"large":{"identifier":"EN23DE20.004","content_type":"image/png","size":19218,"width":675,"sha":"dce12450857ee108890ae0332a667c67","url":"https://img.federalregister.gov/EN23DE20.004/EN23DE20.004_large.png","height":490},"original_size":{"identifier":"EN23DE20.004","content_type":"image/png","size":10224,"width":1198,"sha":"aaa08de94ebb1ba8cf37eb75450e2ee1","url":"https://img.federalregister.gov/EN23DE20.004/EN23DE20.004_original_size.png","height":870}}},"json_url":"https://www.federalregister.gov/api/v1/documents/2020-28387?publication_date=2020-12-23","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2020-12-23/2020-28387/mods.xml","not_received_for_publication":null,"page_length":8,"page_views":{"count":413,"last_updated":"2026-09-22 08:15:09 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2020-12-23/pdf/2020-28387.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2020-28387.pdf?1608644747","publication_date":"2020-12-23","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2020/12/23/2020-28387.txt","regulation_id_number_info":{},"regulation_id_numbers":[],"regulations_dot_gov_info":{"comments_count":0,"agency_id":"FERC","document_id":"FERC-2020-1637-0001","checked_regulationsdotgov_at":"2023-02-28T18:13:03Z"},"regulations_dot_gov_url":null,"significant":null,"signing_date":null,"start_page":83940,"subtype":null,"title":"Actions Regarding the Commission's Policy on Price Index Formation and Transparency, and Indices Referenced in Natural Gas and Electric Tariffs","toc_doc":"Actions Regarding the Commission's Policy on Price Index Formation and Transparency, and Indices Referenced in Natural Gas and Electric Tariffs","toc_subject":"Proposed Revised Policy Statement:\n","topics":[],"type":"Notice","volume":85}