Ten years ago, “transparency” within the natural gas markets was largely an ignored concept. The general public gave little thought to whether natural gas markets were transparent and federal regulators assumed that there was no issue to address.
In the wake of Enron’s demise, however, questions surrounding the transparency of natural gas markets were thrust into the headlines of major media outlets and to the forefront of the Federal Energy Regulatory Commission’s attention.
Consequently, since the turn of the century, a paradigm shift has evolved as FERC has undertaken a conscious effort to mandate additional transparency in the natural gas markets.
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