[Federal Register Volume 63, Number 208 (Wednesday, October 28, 1998)]
[Notices]
[Pages 57674-57675]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-28796]
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DEPARTMENT OF ENERGY
Federal Energy Regulatory Commission
[Docket No. RP99-93-000]
Texas Eastern Transmission Corporation; Notice of Proposed
Changes in FERC Gas Tariff
October 22, 1998.
Take notice that on October 19, 1998, Texas Eastern Transmission
Corporation (Texas Eastern) tendered for filing as part of its FERC Gas
Tariff, Sixth Revised Volume No. 1, and Original Volume No.2, revised
tariff sheets listed on Appendix A to the filing, to become effective
December 1, 1998.
Texas Eastern states that the revised tariff sheets are being filed
(i) pursuant to Section 15.6, Applicable Shrinkage Adjustment (ASA),
contained in the General Terms and Conditions of Texas Eastern's FERC
Gas Tariff, Sixth Revised Volume No. 1, and (ii) pursuant to Texas
Eastern's Docket No. RP85-177-119, et al. Stipulation and Agreement
(``Settlement'') filed January 31, 1994 and approved by Commission
order issued May 12, 1994.
Texas Eastern states that it has recently filed its Annual PCB-
Related Cost Filing to reflect the PCB-Related Cost rate components to
be effective for the twelve month period December 1, 1998 through
November 30, 1999 (PCB Year 9). Texas Eastern states that the combined
impact on Texas Eastern's rates at December 1, 1998 of this filing in
combination with the PCB Year 9 Filing for typical long haul service
under Rate Schedule FT-1 from Access Area Zone East Louisiana to Market
Zone 3 (ELA-M3) equates to an overall increase of 0.85 cents as
follows:
[[Page 57675]]
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100% LF Impact
Rate impact ($/dth)
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PCB Year 7 Filing....................................... ($0.0007)
ASA and Global Settlement:
ASA Surcharge....................................... 0.0063
Spot Fuel Component................................. (0.0281)
Account 858 Costs................................... 0.0004
Total Rate Impact....................................... (0.0221)
Fuel Retention Impact: Annual Avg. ASA Percentage
Increase--1.34%
Rate Equivalent at P.I.R.A. projected price of $2.28/dth 0.0306
Net Impact.............................................. 0.0085
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Texas Eastern states that the filing reflects a significant change
from previous ASA and Global Settlement filings because since the time
of the last filing Texas Eastern has reached separate agreements on
buyouts of its obligations under each of the three contracts listed on
Appendix C of the Settlement (``Appendix C Contracts'') for the
purchase of gas from South Pass 89. Texas Eastern states that as a
result of the settlement of the Appendix C Contracts, Texas Eastern no
longer purchases gas under the Appendix C Contracts, and accordingly it
will no longer collect the Spot Cost of such purchases in rates and
reduce its ASA shrinkage factors by the quantity of gas purchased and
used as fuel under the Appendix C Contracts.
Texas Eastern states that the changes proposed to become effective
beginning December 1, 1998 consist of: (1) ASA Percentages designed to
retain in-kind the projected quantities of gas required for the
operation of Texas Eastern's system in providing service to its
customers, without reduction for quantities projected to be purchased
from Appendix C Contracts under the Settlement; (2) the ASA Surcharge
designed to recover the net monetary value recorded in the Applicable
Shrinkage Deferred Account as of August 31, 1998, as reduced by the
transfer of the credit balances in the Spot Fuel Deferred Account and
the Account No. 858 Cost Deferred Account; (3) the removal of the Spot
Fuel Components from Texas Eastern's rates due to the termination of
all Spot Costs, as defined in the Settlement, and the transfer of the
balance in the Spot Fuel Deferred Account to the ASA; (4) A Fuel
Reservation Charge Adjustment designed to recover the excess (limited
to a maximum rate specified by the Settlement) of the August 31, 1998
balance in the Non-Spot Fuel Deferred Account over the threshold amount
of $15 million specified in Appendix E of the Settlement; and (5) the
elimination of the Account No. 858 Costs rate components due to the
termination of all Account No. 858 Costs and the transfer of the
Account No. 858 Costs Deferred Account balance to the ASA. Texas
Eastern states that this filing also constitutes Texas Eastern's report
of the annual reconciliation of the interruptible revenues under Rate
Schedules IT-I, PTI and ISS-I, as well as for Rate Schedule LLIT and
for Rate Schedule VKIT.
Texas Eastern states that copies of its filing have been mailed to
all affected customers of Texas Eastern and interested state
commissions, as well as all parties to the Settlement in Docket No.
RP85-177-119, et al.
Any person desiring to be heard or to protest said filing should
life a motion to intervene or a protest with the Federal Energy
Regulatory Commission, 888 First Street, N.E., Washington, DC 20426, in
accordance with Sections 385.214 or 385.211 of the Commission's Rules
and Regulations. All such motions or protests must be filed in
accordance with Section 154.210 of the Commission's Regulations.
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 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 inspection in the Public
Reference Room.
Linwood A. Watson, Jr.,
Acting Secretary.
[FR Doc. 98-28796 Filed 10-27-98; 8:45 am]
BILLING CODE 6717-01-M
