97-16837. PanEnergy Texas Intrastate Pipeline Company; Notice of Petition for Rate Approval

[Federal Register Volume 62, Number 124 (Friday, June 27, 1997)]
[Notices]
[Pages 34706-34707]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-16837]


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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission
[Docket No. PR97-11-000]


PanEnergy Texas Intrastate Pipeline Company; Notice of Petition 
for Rate Approval

June 23, 1997.
    Take notice that on June 16, 1997, PanEnergy Texas Intrastate 
Pipeline Company (PanEnergy), filed pursuant to Section 284.123(b)(2) 
of the Commission's Regulations, a petition for rate approval 
requesting that the Commission approve as fair and equitable a rate of 
6.37 cents per MMBtu for interruptible transportation services through 
its single integrated pipeline system under Section 311(a)(2) of the 
Natural Gas Policy Act of 1978 (NGPA).
    PanEnergy states that it is an intrastate pipeline within the 
meaning of Section 2(16) of the NGPA and it owns and operates an 
intrastate pipeline

[[Page 34707]]

system wholly within State of Texas. PanEnergy's integrated pipeline 
system consists of approximately 188 miles of pipe that previously 
comprised two distinct pipeline systems, both of which were acquired in 
1996. PanEnergy subsequently interconnected the two pipelines to create 
a single integrated pipeline system. To derive the proposed cost of 
service, PanEnergy annualized the cost of service and throughput on its 
system based on the first quarter of 1997. The proposed cost of service 
is $2,724,158 based on a return on equity of 14.75% and total O&M and 
A&G expenses of $2,096,094. The rate design volumes are 42,749,127 
MMBtu resulting in the unit rate of PanEnergy's system has dramatically 
changed its operations and increased overall system throughput. 
PanEnergy proposes an effective date of January 1, 1997.
    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 participate in this rate proceeding must 
file a motion to intervene in accordance with Sections 385.211 and 
385.214 of the Commission's Rules of Practice and Procedures. All 
motions must be filed with the Secretary of the Commission on or before 
July 14, 1997. The petition for rate approval is on file with the 
Commission and is available for public inspection.
Lois D. Cashell,
Secretary.
[FR Doc. 97-16837 Filed 6-26-97; 8:45 am]
BILLING CODE 6717-01-M