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ARTICLE · 17 FEBRUARY 2009

FERC Provides Clarification To Order 704

McDermott Will & Emery
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The first report under FERC's new Form No. 552 is due on May 1, 2009.

United StatesEnergy and Natural Resources
Kenneth Irvin
Kenneth Irvin
Athena Velie
Athena Velie
Grace Wung
Grace Wung
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The first report under FERC's new Form No. 552 is due on May 1, 2009.

FERC Order 704 (which has been clarified in Order 704-A and 704-B) established annual reporting requirements for natural gas wholesale market participants to be provided in FERC Form No. 552. The Federal Energy and Regulatory Commission (FERC) now requires natural gas market participants that buy or sell 2,200,000 MMbtus or more (measured in the course of a year) of natural gas at wholesale to submit annually certain volume and other information regarding their wholesale, physical natural gas transactions for the previous calendar year. The first report under FERC's new Form No. 552 is due on May 1, 2009 (for transactions in 2008).

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