95-3068. Tennessee Gas Pipeline Co.; Notice of Petition for Approval of Exit Fee Stipulation

[Federal Register Volume 60, Number 26 (Wednesday, February 8, 1995)]
[Notices]
[Pages 7533-7534]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-3068]



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[Docket Nos. RP95-144-000 and CP95-186-000]


Tennessee Gas Pipeline Co.; Notice of Petition for Approval of 
Exit Fee Stipulation

February 2, 1995.
    Take notice that on January 30, 1995, Tennessee Gas Pipeline 
Company (Tennessee), filed a petition pursuant to Rule 207 of the 
Commission's Rules of Practice and Procedure for an order approving a 
Stipulation and Agreement (Stipulation) entered into between Tennessee 
and Ozark Gas Transmission System (Ozark) on December 9, 1994. The 
Stipulation establishes conditions under which Tennessee will pay to 
Ozark an exit fee in return for Ozark agreeing to early termination and 
abandonment of its upstream transportation service agreement (Contract 
No. T-602) with Tennessee.
    Tennessee requests authorization to: (1) pay a negotiated exit fee 
to Ozark for the early termination of Ozark/Tennessee firm 
transportation Contract No. T-602; (2) recover 100 percent of this exit 
fee through Tennessee's ``Transportation Cost Rate Adjustment'' 
mechanism as a stranded Account No. 858 cost; (3) abandon its 
obligations under Contract No. T-602; and (4) abandon by sale to Ozark 
for the lower of $1.7 million or actual book value a five-mile, 12-inch 
lateral that interconnects Ozark with Texas Eastern Transmission 
Corporation (Texas Eastern) in White County, Arkansas.
    Tennessee notes that the effectiveness of the Stipulation is 
contingent on Commission approval of a similar agreement entered into 
between Ozark and Columbia Gas Transmission Corporation, also entered 
into on December 9, 1994; and subject to Commission review in Docket 
No. RP95-98-000.
    Comments on the settlement, as well as motions to intervene or 
protests should be filed with the Federal Energy Regulatory Commission, 
825 North Capitol Street, NE., Washington, DC 20426, on or before 
February 23, 1995. Reply comments should be filed on or before March 6, 
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 petition are on file with 
the [[Page 7534]] Commission and are available for public inspection.
Lois D. Cashell,
Secretary.
[FR Doc. 95-3068 Filed 2-7-95; 8:45 am]
BILLING CODE 6717-01-M