[Federal Register Volume 59, Number 144 (Thursday, July 28, 1994)]
[Unknown Section]
[Page ]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-18432]
[Federal Register: July 28, 1994]
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DEPARTMENT OF ENERGY
[Docket No. RP94-325-000]
Panhandle Eastern Pipe Line Company; Proposed Changes in FERC Gas
Tariff
July 22, 1994.
Take notice that on July 20, 1994, Panhandle Eastern Pipe Line
Company (Panhandle) tendered for filing Ninth Revised Tariff Sheet Nos.
4, 5, 6, 7 and 8 which are proposed to become effective August 1, 1994.
Panhandle states that its filing implements, in accordance with
Section 18.7 of the General Terms and Conditions of First Revised
Volume No. 1 of Panhandle's FERC Gas Tariff, the recovery of certain of
its Gas Supply Realignment (GSR) Costs by means of GSR Reservation
Surcharges applicable to service under Rate Schedules FT, EFT and SCT
and the comparable component applicable to interruptible rates under
Rate Schedules IT and EIT.
Panhandle states that the costs included for recovery herein are
costs which resulted from Panhandle having to terminate and assign its
existing gas supply contracts in connection with implementing Order No.
636, et seq., which, among other things, required Panhandle to
restructure its services and operations to provide its sales customers
the choice of reducing and terminating their obligations under their
existing sales contract.
Panhandle states that the costs encompassed by its filing, which
total $14,368,766, consist of actual payments made by Panhandle for
terminations and assignments of its gas supply contracts, all of which
became stranded upon the termination of Panhandle's merchant function
in conjunction with customer elections under 18 CFR 284.14(d). Also
included are certain Account No. 165 costs incurred for what would have
been recappable take-or-pay had Panhandle continued its merchant
function and the unrecovered balance of a take-or-pay buyout and
buydown agreement which had been subject to a three year amortization.
These latter gas supply transition costs also became stranded upon the
termination of Panhandle's merchant function.
Panhandle states that the amounts included for recovery as GSR
Reservation Surcharges under Rate Schedules FT, EFT and SCT and the
amounts included for recovery under Rate Schedules IT and EIT have been
calculated using the methods set forth in Section 18.7 of the General
Terms and Conditions of its Tariff and are consistent with the
Commission's orders and pronouncements regarding the recovery of GSR
Costs. Carrying charges have been calculated in accordance with Section
154.67(c) of the Commission's Regulations and Section 18.7 of
Panhandle's Tariff.
Panhandle states that a copy of this filing has been served on all
customers affected by this filing and the respective state commissions.
Any person desiring to be heard or to protest the filing should
file a motion to intervene or a protest with the Federal Energy
Regulatory Commission, 825 North Capitol Street, 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 should
be filed on or before July 29, 1994. Protests will be considered by the
Commission in determining the appropriate action to be taken, but will
not serve to make the 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. 94-18432 Filed 7-27-94; 8:45 am]
BILLING CODE 6717-01-M
