98-34591. Florida Gas Transmission Company; Notice of Filing of Report of Cash-Out Activity and Request for Waiver

[Federal Register Volume 63, Number 251 (Thursday, December 31, 1998)]
[Notices]
[Page 72295]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-34591]


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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission
[Docket No. RP99-186-000]


Florida Gas Transmission Company; Notice of Filing of Report of 
Cash-Out Activity and Request for Waiver

December 24, 1998.
    Take notice that on December 18, 1998 Florida Gas Transmission 
Company (FGT) tendered for filing schedules detailing certain 
information related to the Cash-Out mechanism from October 1, 1997 
through September 30, 1998. No tariff changes are proposed therein.
    FGT states that Section 19.1 of the General Terms and Conditions 
(GTC) of its FERC Gas Tariff provides for an Annual Report containing 
an accounting for costs and revenues associated with the Cash Out 
Mechanism, Fuel Recovery Mechanism and various Balancing Tools provided 
for in FGT's Tariff. FGT states the Instant filing is made in 
compliance with those provisions.
    FGT states that there was a net cost balance for the current 
Settlement Period of $40,693 and a cumulative underrecovery of $798,235 
of system balancing costs.
    Further, FGT requests waiver of the provisions of Section 19.1B.4 
of the GTC which requires a concurrent tariff filing to increase non-
compliance penalties in the event of excess costs. FGT states that 
because the causes of the cost underrecoveries are not the result of 
the non-compliance pricing provisions of the Tariff, granting of the 
waiver is appropriate.
    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, 888 First Street, N.E., Washington, D.C. 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. 98-34591 Filed 12-30-98; 8:45 am]
BILLING CODE 6717-01-M