[Federal Register Volume 62, Number 73 (Wednesday, April 16, 1997)]
[Notices]
[Page 18595]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-9761]
-----------------------------------------------------------------------
DEPARTMENT OF ENERGY
Federal Energy Regulatory Commission
[Docket No. PR97-8-000]
Central Oklahoma Oil and Gas Corporation; Notice of Petition for
Rate Approval
April 10, 1997.
Take notice that on April 1, 1997, Central Oklahoma Oil and Gas
Corporation (COOG), One Leadership Square, 211 North Robinson, Suite
1510, Oklahoma City, Oklahoma 73102, filed, pursuant to section
311(a)(2) of the Natural Gas Policy Act and section 284.123(b)(2) of
the Commission's regulations, a petition for rate approval requesting
that the Commission approve as ``fair and equitable'' market-based
rates for firm and interruptible storage services COOG proposes to
provide from the Stuart Natural Gas Storage Facility located in Hughes
County, Oklahoma. The rates for these storage services will be
determined by arms length negotiations between COOG and individual
shippers. COOG proposes to retain up to 2.5% of the injection/
withdrawal volumes as an allowance for compressor fuel and losses for
storage of natural gas.
COOG's petition states that, as owner of the Stuart Natural Gas
Storage Facility, an existing storage facility currently rendering
intrastate storage services, it is an intrastate pipeline within the
meaning of section 2(16) of the NGPA. At current operating pressures,
the Stuart Natural Gas Storage Facility has 8 Bcf of working gas
capacity and can achieve a maximum daily withdrawal rate of 300,00 Mcf.
The facility also includes ten storage wells, four compressor units and
approximately forty miles of pipeline interconnecting the storage
facility with Enogex Inc., an intrastate pipeline which furnishes
interstate transportation services under Section 311(a)(2) of the NGPA.
COOG, although currently provider of intrastate storage services, is a
new entrant into the interstate storage market and has not previously
offered Section 311 services. COOG proposes to charge market-based
rates, subject to refund, effective upon the filing of this petition.
COOG avers that it has no market power in any relevant product or
geographic market for storage services of the sort it proposes to
furnish. COOG has submitted with its petition for rate approval a study
which, according to COOG, supports this conclusion.
COOG has also submitted with its petition a Statement of Interstate
Storage Service Terms and Conditions in compliance with 18 CFR Part
284. This Statement would govern COOG's provision of storage services
under Section 311.
Pursuant to Section 284.123(b)(2)(ii), if the Commission does not
act within 150 days of the filing date, COOG's proposed rates will be
deemed to be fair and equitable. The Commission may, prior to the
expiration of the 150 day period, extend the time for action or
institute a proceeding to afford parties an opportunity for written
comments and for oral presentation of views, data and arguments.
Any person desiring to participate in this proceeding must file a
motion to intervene in accordance with Sections 385.211 and 385.214 of
the Commission's Rules of Practice and Procedure. All motions must be
filed with the Secretary of the Commission on or before April 25, 1997.
The petition for rate approval is on file with the Commission and is
available for public inspection.
Lois D. Cashell,
Secretary.
[FR Doc. 97-9761 Filed 4-15-97; 8:45 am]
BILLING CODE 6717-01-M
