[Federal Register Volume 63, Number 102 (Thursday, May 28, 1998)]
[Notices]
[Page 29198]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-14067]
[[Page 29198]]
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DEPARTMENT OF ENERGY
Federal Energy Regulatory Commission
[Docket No. PR98-13-000]
The Peoples Gas Light and Coke Company; Notice of Petition for
Rate Approval
May 21, 1998.
Take notice on May 7, 1998, The Peoples Gas Light and Coke Company
(Peoples Gas) filed a petition for rate approval, pursuant to Section
284.123(b)(2) of the Commission's regulations, requesting that the
Commission approve as fair and equitable rates for firm and
interruptible storage and parking and loaning services to be effective
June 1, 1998. Peoples Gas has filed, as Exhibit B to its petition for
rate approval, a revised Operating Statement that incorporates
revisions needed to offer firm and interruptible storage services,
limited parking and loaning service and title tracking service. At this
time, Peoples Gas is not proposing to charge for the title transfer
tracking service.
Peoples Gas states that it is an intrastate gas distribution
company serving retail customers in the City of Chicago, Illinois.
Peoples Gas states that it is a public utility under the Public
Utilities Act of Illinois and is subject to the jurisdiction of the
Illinois Commerce Commission. Peoples Gas states that it is authorized
to provide interstate services in accordance with Section 284.224 of
the Commission's regulations.
Peoples Gas proposes for firm storage service, maximum monthly
reservation rate of $1.6069 per MMBTu of maximum daily withdrawal
quantity; a maximum monthly capacity charge of $0.0643 per MMBtu of
maximum storage quantity; and a $0.0485 commodity charge per MMBtu of
gas injected into the shipper's storage account. The minimum charge is
based on the variable costs associated with the service and would be
$0.0002 per MMBtu of gas injected into the shipper's storage account.
For the interruptible storage service, Peoples Gas proposes a maximum
commodity charge, based on a 100% load factor derivation of the firm
storage rate, of $0.0551 per MMBtu of inventory on any day and a
minimum charge of $0.0002 per MMBtu of daily inventory. For the parking
and loaning service, which includes embedded transportation, the
maximum rate, based on storage and transportation costs, would be
$0.1231 per MMBtu of inventory any day and the minimum rate would be
$0.0002 per MMBtu of inventory on any day. These proposed maximum rates
would be subject to discounting.
Pursuant to section 284.123(b)(2)(ii), if the Commission does not
act within 150 days of the filing date, the rate will be deemed to be
fair and equitable and not in excess of an amount which interstate
pipelines would be permitted to charge for similar transportation
service. 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 the oral
presentation of views, data, and arguments.
Any person desiring to be heard or to protest said filing should
file motion to intervene or a protest with the Federal Energy
Regulatory Commission, 888 First, NE, Washington, DC 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 on or
before June 5, 1998. 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.
David P. Boergers,
Acting Secretary.
[FR Doc. 98-14067 Filed 5-27-98; 8:45 am]
BILLING CODE 6717-01-M
