95-2266. Williams Natural Gas Co.; Notice of Refund Report

[Federal Register Volume 60, Number 20 (Tuesday, January 31, 1995)]
[Notices]
[Pages 5916-5917]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-2266]



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DEPARTMENT OF ENERGY
Federal Energy Regulatory Commission

[Docket No. RP95-132-000]


Williams Natural Gas Co.; Notice of Refund Report

January 25, 1995.
    Take notice that on January 20, 1995, Williams Natural Gas Company 
(WNG), tendered for filing, pursuant to Article 9.7(d) of the General 
Terms and Conditions of its FERC Gas Tariff, its report of net revenue 
received from [[Page 5917]] cash-outs. WNG proposes to make the refund 
upon Commission approval of its calculation method as set out in this 
report.
    WNG states that on October 1, 1993, in Docket No. RS92-12, it 
implemented a new methodology for handling transportation imbalances. 
Included in this methodology was a cash-out mechanism. Pursuant to 
Article 9.7(a)(iv), Shippers were given the option of resolving their 
imbalances by the end of the calendar month following the month in 
which the imbalance occurred by cashing-out such imbalances at 100% of 
the spot market price applicable to WNG as published in the first issue 
of Inside FERC's Gas Market Report for the month in which the imbalance 
occurred.
    Net monthly imbalances which were not resolved by the end of the 
second month following the month in which the imbalance occurred and 
which exceeded the tolerance specified in Article 9.7(b) were cashed-
out at a premium or discount from the spot price according to the 
schedules set forth in Article 9.7(c). Article 9.7(d) provides that 
during each twelve month period beginning on the effective date of 
Article 9, WNG shall refund any net revenue (sales less purchase cost) 
received from the operation of paragraphs (a)(iv) and (c) to all 
Shippers on a pro-rata basis based on quantity delivered under rate 
schedules applicable to Article 9.7 to each Shipper during such twelve 
month period. It further provides that carrying costs shall be 
calculated on the net balance each month (either net revenue or net 
cost).
    WNG states that a copy of its filing was served on all 
jurisdictional customers and interested state commissions.
    Any person desiring to be heard or to protest said filing should 
file a motion to intervene or a protest with the Federal Energy 
Regulatory Commission, 825 North Capitol Street, NE., Washington, D.C. 
20426, in accordance with sections 385.214 and 385.211 of the 
Commission's Rules and Regulations. All such motions or protests should 
be filed on or before February 1, 1995. Protests will be considered by 
the Commission in determining the appropriate action to be taken, but 
will not serve to make protestants parties to the proceeding. Any 
person wishing to become a party must file a motion to intervene. 
Copies of this filing are on file with the Commission and are available 
for public inspection in the Public Reference Room.
Lois D. Cashell,
Secretary.
[FR Doc. 95-2266 Filed 1-30-95; 8:45 am]
BILLING CODE 6717-01-M