96-246. Florida Gas Transmission Company; Notice of Filing of Annual Report of Cash-Out Activity

[Federal Register Volume 61, Number 6 (Tuesday, January 9, 1996)]
[Notices]
[Page 648]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-246]



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DEPARTMENT OF ENERGY
[Docket No. RP96-86-000]


Florida Gas Transmission Company; Notice of Filing of Annual 
Report of Cash-Out Activity

January 3, 1996.
    Take notice that on December 20, 1995, Florida Gas Transmission 
Company (FGT) tendered for filing schedules detailing certain 
information related to the Cash-Out mechanism provided for in Section 
14 of the General Terms and Conditions (GTC) of its FERC Gas Tariff, 
Third Revised Volume No. 1. No tariff changes are proposed therein.
    FGT states that Section 14 provides for the resolution of 
differences between quantities of gas scheduled and physically received 
and/or delivered each month and provides that the elimination of any 
monthly imbalances not resolved through the Book-Out provisions will be 
by cash settlement (``Cash-Out''). The Cash-Out provisions of Section 
14 provide that different imbalances factors and price index will be 
used to value imbalances due the imbalance parties. FGT states that the 
purpose of the weighted valuation method was to encourage shipper 
adherence to scheduled quantities to maintain the integrity of FGT's 
system, which has no storage facilities to accommodate imbalances.
    FGT states that, in order to ensure that any potential benefit 
resulting from the use of different indices and imbalance factors was 
properly accounted for, FGT was required to credit to its shippers all 
revenues derived from Cash-Outs which exceed the actual cost to FGT to 
maintain a reasonable system balance. These requirements were contained 
in Section 14.B.8. of the GTC of FGT's tariff.
    Although these provisions of Section 14.B.8. were superseded 
December 1, 1995 by the provisions of a settlement in Docket No. RP95-
103-000, FGT states that it is filing the instant report to avoid an 
unintended gap in reporting periods.
    FGT proposes to directly refund $238,651.53 of excess cash-out 
revenues to shippers identified in Schedule B to FGT's filing. FGT 
proposes to make these refunds within 30 days following a final 
Commission Order accepting the filing.
    Any person desiring to be heard or to protest said filing should 
file a Motion to Intervene or Protest with the Federal Energy 
Regulatory Commission, 888 First Street, N.E., 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 January 10, 1996. Protests will be considered by the 
Commission in determining the appropriate actions to be taken, but will 
not serve to make protestants parties to the proceedings. 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 inspections.
Lois D. Cashell,
Secretary.
[FR Doc. 96-246 Filed 1-8-96; 8:45 am]
BILLING CODE 6717-01-M