Commissioner James Danly Statement
June 17, 2022
Docket No. RP22-824-000
I agree with the Commission’s decision to approve Young Gas Storage Company, Ltd.’s Stipulation and Agreement (Settlement or S&A).[1] As I stated in my separate statement in Kinetica Deepwater Express, LLC, I suggest to anyone participating in the natural gas industry that it might be prudent to be clearer in your settlement agreements as to whether you are actually a party to that agreement.[2] Though I understand that the use of an attachment listing parties supporting or not opposing a settlement is common in the industry,[3] situations will almost certainly arise in which an entity’s status as party or non‑party to a settlement will be dispositive. This will be even more important should the issue be presented to a body less indifferent to fundamentals of contract law than this Commission.
For these reasons, I respectfully concur.
[1] Young Gas Storage Co., Ltd., 179 FERC ¶ 61,210 (2022).
[2] Kinetica Deepwater Express, LLC, 175 FERC ¶ 61,048 (2021) (Danly, Comm’r, concurring in part and dissenting in part at P 10 n.12).
[3] See Settlement at App. A (listing Settling Parties); id. at Article 6.2 (defining “Settling Party” as meaning “(a) any party identified in Appendix A; or (b) any party, as that term is defined in 18 C.F.R. § 385.102(c), and any shipper not identified in Appendix A that (i) expressly supports, or (ii) does not oppose the S&A as a whole and/or any of its underlying provisions.”).