96-5331. Florida Gas Transmission Company; Notice of Proposed Changes in FERC Gas Tariff

[Federal Register Volume 61, Number 46 (Thursday, March 7, 1996)]
[Notices]
[Pages 9153-9154]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-5331]



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[[Page 9154]]


DEPARTMENT OF ENERGY
[Docket No. RP96-151-000]


Florida Gas Transmission Company; Notice of Proposed Changes in 
FERC Gas Tariff

March 1, 1996.
    Take notice that on February 27, 1996, Florida Gas Transmission 
Company (FGT) tendered for filing as part of its FERC Gas Tariff, Third 
Revised Volume No. 1, the following tariff sheets to become effective 
April 1, 1996.

Fourteenth Revised Sheet No. 8A
Eight Revised Sheet No. 8A.01
Sixth Revised Sheet No. 8A.02
First Revised Sheet No. 108
First Revised Sheet No. 184B
Original Sheet No. 184B.01
Fifth Revised Sheet No. 205
Original Sheet No. 205A
Fifth Revised Sheet No. 206
Original Sheet No. 206A
Original Sheet No. 206B
Eighth Revised Sheet No. 207

    FGT states that Section 27 of the General Terms and Conditions 
(GTC) of FGT's Tariff provides for the recovery by FGT of gas used in 
the operation of its system and gas lot from the system or otherwise 
unaccounted for. The Fuel Reimbursement Charge established pursuant to 
Section 27 currently consists of the Current Fuel Reimbursement Charge 
and the Annual Fuel Surcharge. The Annual Fuel Surcharge is designed to 
recover or refund previous under or over collections of fuel on an in-
kind basis. Because the operation of the Annual Fuel Surcharge 
increases or decreases the amount of fuel retained on a current basis 
to true-up prior imbalances, FGT is always forced to over or under 
retain the amount of fuel required for the current operation of its 
system. FGT assets that the adjustment of current fuel retention to 
correct imbalances created in prior periods causes operational problems 
on FGT's system. Further, FGT maintains, because the true-up occurs at 
least several months after the period in which the under or over 
recoveries occurred, fluctuations in the price of gas subject both FGT 
and its shippers to an unintended commodity price risk.
    FGT states that to address the operating and financial problems 
associated with the current true-up mechanism, FGT and its shippers 
have held meetings to develop a mutually satisfactory method of 
resolving the differences between actual fuel use experienced by FGT 
and the fuel provided by shippers through a unit rate surcharge based 
on the dollar value of the imbalances. The revisions proposed in the 
instant filing affect only the deviations between actual and retained 
fuel. The basic Fuel Reimbursement Charge is still on an in-kind basis. 
The instant filing reflects the agreement of FGT and all of the 
shippers who actively participated in the Operating Committee meetings 
and revises the method of resolving the imbalances which have occurred 
prior to the effectiveness of the new provisions as well as deviations 
which occur prospectively. In addition, the instant filing clarifies 
that meters in FGT's market area will be tested at least once a year 
and provides that the amounts paid or collected pursuant to the revised 
fuel mechanism will be accounted for in conjunction with the annual 
accounting for the Cash-Out Mechanism Account and the Balancing Tools 
Account.
    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, NE, Washington, DC, 20426, in 
accordance with Sections 385.211 and 385.215 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.
Linwood A. Watson, Jr.,
Acting Secretary.
[FR Doc. 96-5331 Filed 3-6-96; 8:45 am]
BILLING CODE 6717-01-M