FERC’s Proposed Natural Gas Price Index Changes Draw Mixed Reaction Market participants are largely in favor of proposed federal modifications to the natural gas price indices policy to enhance price transparency and encourage transaction reporting to developers such as Natural Gas Intelligence (NGI). However, some respondents to FERC’s call for comments said the amendment to codify the “safe harbor” provision could go further (No. PL20-3-000). As proposed, it would add a layer of clarity to “promote voluntary reporting of wholesale natural gas and electricity transactions” by “alleviating market participant concerns that the safe harbor policy is not binding on the Commission.”