Post 1 in a 3 Part Series
Latitude Technologies, An ESG Company
As you may already be aware, FERC has proposed to adopt Version 3.1 of the NAESB Standards. Today we will provide an overview of the upcoming North American Energy Standards Board (NAESB) Version 3.1 Standards which have been proposed for adoption by the Federal Energy Regulatory Commission (FERC). Our organization has been involved with NAESB since its inception in 2002, and with the Gas Industry Standards Board (GISB), the precursor to NAESB, before that. This is the first in a three part blog post on NAESB Version 3.1 Standards. In this first post, we will cover the timing of the FERC order.
The changes in Version 3.1 are not nearly as dramatic as those in Version 3.0 which is the current standard. There are no new nomination cycles and no new or expanded gas-electric coordination measures. Many of the changes are data-centric – that is, they incorporate changes or additions to current NAESB data that appears on Customer Activities web sites and in EDI transactions. And many of these changes are “Business Conditional”, which means that they only are applicable if you, or your trading partners, decide to employ them. But before we dig into the technology and data changes, let’s look at the timing of NAESB Version 3.1.
FERC’s NAESB Version 3.1 Notice of Proposed Rule-Making (NOPR) was published September 1, 2018. This starts a 30-day public comment period, which ended on September 30, 2018. After the comment period has expired, the FERC will review any comments and subsequently issue an Order. Based on history, we can expect that the review period will last about five (5) months and the order will likely be issued around March 1, 2019. Implementation of Version 3.1 for all jurisdictional entities will be required four months after issuance of the Order, or about July 1, 2019. Additionally, compliance tariff filings will be due 90 days after the Order, or about June 1, 2019. If you are a FERC-regulated entity, it is best to start your planning now.
In the next blog post, we will cover the technology changes in Version 3.1.
If you have any questions on the new requirements or how they impact your business, don’t hesitate to contact me at email@example.com.
Latitude Technologies, an ESG Company, provides cloud-based, NAESB-compliant Pipeline and Storage Management services, eTariff services, and Pipeline Automation EDI services with 24×7 support based in the US.