FERC Order No. 717 promulgated new Standards of Conduct regulations for Transmission Providers. New 18 CFR § 358.3(k)(3) of the FERC regulations specifies that a natural gas storage provider authorized to charge market-based rates is not considered a Transmission Provider for purposes of the Standards of Conduct. New 18 CFR 358.7 requires certain posting requirements for Transmission Providers subject to the Standards of Conduct regulations. Steckman Ridge, LP is a natural gas storage provider authorized to charge market-based rates and, therefore, is not subject to the Standards of Conduct and the related posting requirements therein.

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