96-17617. Florida Gas Transmission Company; Notice of Filing of Report of Cash-Out Activity

[Federal Register Volume 61, Number 134 (Thursday, July 11, 1996)]
[Notices]
[Page 36555]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-17617]


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DEPARTMENT OF ENERGY
[Docket No. RP96-286-000]


Florida Gas Transmission Company; Notice of Filing of Report of 
Cash-Out Activity

July 5, 1996.
    Take notice that on June 27, 1996, Florida Gas Transmission Company 
(FGT) tendered for filing schedules detailing certain information 
related to the Cash-Out mechanism from June 1, 1995 through November 
30, 1995. No tariff changes are proposed therein.
    FGT states that Section 14 of the General Terms and Conditions 
(GTC) of its FERC Gas Tariff provides for the resolution of differences 
between quantities of gas scheduled and physically received and/or 
delivered each month and provides that the elimination of any monthly 
imbalances not resolved through the Book-Out provisions will be by cash 
settlement (Cash-Out). The Cash-Out provisions of Section 14 provide 
that different imbalance factors and price index used to value 
imbalances due the imbalance parties. FGT states that the purpose of 
the weighted valuation method was to encourage shipper adherence to 
scheduled quantities to maintain the integrity of FGT's system, which 
has no storage facilities to accommodate imbalances.
    FGT states that, in order to ensure that any potential benefit 
resulting from the use of different indices and imbalance factors was 
properly accounted for, FGT was required to credit to its shippers all 
revenues derived from Cash-Outs which exceed the actual cost to FGT to 
maintain a reasonable system balance. These requirements were contained 
in Section 14.B.8. of the GTC of FGT's tariff.
    Although these provisions of Section 14.B.8. were superseded 
December 1, 1995 by the provisions of a settlement in Docket No. RP95-
103-000, FGT states that it is filing the instant report for the 
activity occurring since its last cash-out report to avoid an 
unintended gap in reporting.
    FGT proposes to directly refund $195,392.72 of excess cash-out 
revenues to shippers identified in Schedule B to FGT's filing. FGT 
proposes to make these refunds within 30 days following a final 
Commission Order accepting the filing.
    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, N.E., Washington, D.C. 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 as 
provided in Section 154.210 of the Commission's Regulations. Protests 
will be considered by the Commission in determining the appropriate 
actions to be taken, but will not serve to make protestants parties to 
the proceedings. 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 inspections.
Linwood A. Watson, Jr.,
Acting Secretary.
[FR Doc. 96-17617 Filed 7-11-96; 8:45 am]
BILLING CODE 6717-01-M