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CONFLICT OF INTEREST, EMERGENCY GAS SALES, AND

OTHER INTERNAL PROCEDURES OF THE
FEDERAL POWER COMMISSION

HEARINGS

BEFORE THE

SPECIAL SUBCOMMITTEE ON INVESTIGATIONS

OF THE

COMMITTEE ON

INTERSTATE AND FOREIGN COMMERCE

HOUSE OF REPRESENTATIVES

NINETY-THIRD CONGRESS

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COMMITTEE ON INTERSTATE AND FOREIGN COMMERCE

HARLEY O. STAGGERS, West Virginia, Chairman

TORBERT H. MACDONALD, Massachusetts

JOHN JARMAN, Oklahoma
JOHN E. MOSS, California
JOHN D. DINGELL, Michigan

PAUL G. ROGERS, Florida

LIONEL VAN DEERLIN, California

J. J. PICKLE, Texas

FRED B. ROONEY, Pennsylvania
JOHN M. MURPHY, New York

DAVID E. SATTERFIELD III, Virginia
BROCK ADAMS, Washington

W. S. (BILL) STUCKEY, JR., Georgia
PETER N. KYROS, Maine

BOB ECKHARDT, Texas
RICHARDSON PREYER, North Carolina
BERTRAM L. PODELL, New York
HENRY HELSTOSKI, New Jersey
JAMES W. SYMINGTON, Missouri
CHARLES J. CARNEY, Ohio
RALPH H. METCALFE, Illinois
GOODLOE E. BYRON, Maryland
WILLIAM R. ROY, Kansas

JOHN BRECKINRIDGE, Kentucky
THOMAS A. LUKEN, Ohio

SAMUEL L. DEVINE, Ohio
ANCHER NELSEN, Minnesota

JAMES T. BROYHILL, North Carolina
TIM LEE CARTER, Kentucky
CLARENCE J. BROWN, Ohio
DAN KUYKENDALL, Tennessee
JOE SKUBITZ, Kansas

JAMES F. HASTINGS, New York
JAMES M. COLLINS, Texas
LOUIS FREY, JR., Florida
JOHN WARE, Pennsylvania

JOHN Y. MCCOLLISTER, Nebraska
DICK SHOUP, Montana

BARRY M. GOLDWATER, JR., California
NORMAN F. LENT, New York

H. JOHN HEINZ III, Pennsylvania
WILLIAM H. HUDNUT III, Indiana
SAMUEL H. YOUNG, Illinois

EDWARD R. MADIGAN, Illinois

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CONTENTS

65

Moss, Hon. John E., a Representative in Congress from the State of
California__

Nassikas, Hon. John N., Chairman, FPC.

Peterson, Robert A., Assistant Director, General Government Divi-
sion, GAO..

Plumb, Kenneth F., Secretary, FPC.

Zwerdling, Joseph, Chief Administrative Law Judge, FPC..

Additional material submitted for the record by-

Figures on weighted average price of all natural gas sales com-

mitted to interstate market__

Letter dated October 4, 1974, from SEC Chairman Ray Garrett,

Jr., to FPC Chairman John N. Nassikas, advising of SEC

investigation into securities trading activities of certain FPC

officials.

Letter dated October 22, 1974, addressed to Chairman Staggers
from FPC Chairman Nassikas transmitting 10 enclosures re-
sponding to questions raised at subcommittee hearing-

Memorandum dated October 8, 1974, from FPC Solicitor to

FPC Chairman Nassikas responding to comments made by

Congressman John E. Moss at subcommittee hearing Septem-

ber 25, 1974..

Natural gas curtailment figures, 1973-75-

Subcommittee on Investigations:

Letter dated September 30, 1974, from the Hon. Harley O.

Staggers to SEC Chairman Ray Garrett, Jr., requesting an

investigation into securities trading activities of certain FPC

officials.

Letter dated October 4, 1974, from SEC Chairman Ray Garrett,

Jr., to the Hon. Harley O. Staggers, Chairman, Special Sub-

committee on Investigations, advising an investigation will be

conducted into securities trading activities of certain FPC

officials...

Letter dated October 2, 1974, from FPC Chairman John N.

Nassikas to the Hon. Harley O. Staggers, Chairman, Special

Subcommittee on Investigations, re SEC investigation of

securities holdings of certain FPC officials--

Letter dated October 2, 1974, from FPC Chairman John N.

Nassikas to SEC Chairman Ray Garrett, Jr., re request for

SEC investigation of prohibited securities holdings by certain

FPC officials...

Relevant portions of Rule XI and House Resolution 182.

Title XVIII, section 208, United States Code___

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I. Prepared testimony of Hon. John N. Nassikas, Chairman, FPC..

II. Prepared testimony of Joseph Zwerdling, Chief Administrative

Law Judge, FPC.

Appendixes:

410

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