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

SECOND SESSION

COMMITTEE ON INTERSTATE AND FOREIGN COMMERCE

HARLEY O. STAGGERS, West Virginia, Chairman TORBERT H. MACDONALD, Massachusetts SAMUEL L. DEVINE, Ohio JOHN JARMAN, Oklahoma

ANCHER NELSEN, Minnesota JOHN E. MOSS, California

JAMES T. BROYHILL, North Carolina JOHN D. DINGELL, Michigan

TIM LEE CARTER, Kentucky PAUL G. ROGERS, Florida

CLARENCE J. BROWN, Ohio LIONEL VAN DEERLIN, California

DAN KUYKENDALL, Tennessee J. J. PICKLE, Texas

JOE SKUBITZ, Kansas FRED B. ROONEY, Pennsylvania

JAMES F. HASTINGS, New York JOHN M. MURPHY, New York

JAMES M. COLLINS, Texas DAVID E. SATTERFIELD III, Virginia LOUIS FREY, JR., Florida BROCK ADAMS, Washington

JOHN WARE, Pennsylvania W. S. (BILL) STUCKEY, JR., Grorgia

JOHN Y. McCOLLISTER, Nebraska PETER N. KYROS, Maine

DICK SHOUP, Montana BOB ECKHARDT, Texas

BARRY M. GOLDWATER, JR., California RICHARDSON PREYER, North Carolina NORMAN F. LENT, New York BERTRAM L. PODELL, New York

H. JOHN HEINZ III, Pennsylvania HENRY HELSTOSKI, New Jersey

WILLIAM H. HUDNUT III, Indiana JAMES W. SYMINGTON, Missouri

SAMUEL H. YOUNG, Illinois
CHARLES J. CARNEY, Ohio

EDWARD R. MADIGAN, Illinois
RALPH H. METCALFE, Illinois
GOODLOE E. BYRON, Maryland
WILLIAM R. ROY, Kansas
JOHN BRECKINRIDGE, Kentucky
THOMAS A. LUKEN, Ohio

W. E. WILLIAMSON, Clerk
KENNETH J. PAINTER, A88istant Clerk

Professional Stati

WILLIAM J. DIXON
ROBERT F. GUTHRIE

CHARLES 6. CURTIS
LEE S. HYDE

JOHN L. GAMBLE

ELIZABETH HARRISON
JEFFREY H. SCHWARTZ

SPECIAL SUBCOMMITTEE ON INVESTIGATIONS

HARLEY 0. STAGGERS, West Virginia, Chairman J. J. PICKLE, Texas

SAMUEL L. DEVINE, Ohio CHARLES J. CARNEY, Ohio

NORMAN F. LENT, New York

DANIEL J. MANELLI, Chief Counsel MICHAEL F. BARRETT, Jr., Attorney

ALBERT J. MCGRATH, Special Assistant RAY C. COLE, Jr., Staff Assistant

MICHAEL J. PARKER, Attorney JAMES R. CONNOR, Special Assistant

MARK J. RAABE, Attorney WILLIAM T. DRUHAN, Special Consultant BEN M. SMETHURST, Special Assistant LYNNE D. FINNEY, Attorney

CONTENTS

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Hearings held-

September 25, 1974...

October 10, 1974.--.

Testimony of—

Allen, Frank C., Chief, Bureau of Natural Gas, FPC.

Fike, Claudius L., Director, Office of Personnel Programs, FPC.

Lotkin, Ralph L., Office of General Counsel, GAO.-

Lowe, Victor L., Director, General Government Division, GAO.---

McHenry, George W., Solicitor, FPC..-.

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-

Federal Power Commission:

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 0. 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-----

Appendixes:

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

II. Prepared testimony of Joseph Zwerdling, Chief Administrative

Law Judge, FPC..

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III. GAO report entitled, “Need for Improving the Regulation of the

Natural Gas Industry and Management of Internal

Operations”.-----