96-3773. Texas Eastern Transmission Corporation; Notice of Proposed Changes in FERC Gas Tariff

[Federal Register Volume 61, Number 35 (Wednesday, February 21, 1996)]
[Notices]
[Page 6639]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-3773]



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DEPARTMENT OF ENERGY
[Docket No. RP96-142-000]


Texas Eastern Transmission Corporation; Notice of Proposed 
Changes in FERC Gas Tariff

February 14, 1996.
    Take notice that on February 12, 1996, Texas Eastern Transmission 
Corporation (Texas Eastern) tendered for filing as part of its FERC Gas 
Tariff, Sixth Revised Volume No. 1, revised tariff sheets as follows:

First Revised Sheet No. 526
Original Sheet No. 526A
First Revised Sheet No. 528
Original Sheet No. 528A
First Revised Sheet No. 529

    The proposed effective date of these revised tariff sheets is 
February 12, 1996.
    Texas Eastern states that this filing is submitted as a limited 
application pursuant to Section 4 of the Natural Gas Act, 15 U.S.C. 
Section 717c (1988) and Part 154 of the Rules and Regulations of the 
Federal Energy Regulatory Commission (Commission) promulgated 
thereunder, in order to address inappropriate balancing incentives 
identified with the operation of its current cash-out mechanism 
contained in Section 8 of the General Terms and Conditions of Texas 
Eastern's FERC Gas Tariff, Sixth Revised Volume No. 1. Texas Eastern 
states that the revised tariff sheets filed to modify Section 8 of the 
General Terms and Conditions of Texas Eastern's FERC Gas Tariff, Sixth 
Revised Volume No. 1 are necessary to protect the system and to protect 
Texas Eastern's customer from the impact of gaming the cash-out 
mechanism.
    Texas Eastern states that the revised tariff sheets filed herein 
change the cash-out mechanism contained in Section 8 of the General 
Terms and Conditions of Texas Eastern's FERC Gas Tariff, Sixth Revised 
Volume No. 1, by replacing the current weighted average pricing 
methodology to a highest/lowest price application if imbalances exceed 
5%. Texas Eastern states, inter alia, that the change is necessary in 
order to reduce the incentives existing in its current mechanism for an 
individual party to take actions which cause detriment to the operation 
of the system as a whole and which result in other parties subsidizing 
an individual party's efforts to profiteer. Texas Eastern has requested 
waiver of notice period to allow immediate implementation.
    Texas Eastern states that copies of its filing have been served on 
all firm customers of Texas Eastern, interested state commissions, and 
all interruptible shippers as of the date of 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 must be filed as 
provided in 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 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. 96-3773 Filed 2-20-96; 8:45 am]
BILLING CODE 6717-01-M