[Federal Register Volume 60, Number 154 (Thursday, August 10, 1995)]
[Notices]
[Pages 40835-40836]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-19726]
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DEPARTMENT OF ENERGY
[Docket No. RP95-411-000]
Panhandle Eastern Pipe Line Company; Notice of Proposed Changes
in FERC Gas Tariff
August 4, 1995.
Take notice that on August 1, 1995, Panhandle Eastern Pipe Line
Company (Panhandle) tendered for filing to become part of its FERC Gas
Tariff, First Revised Volume No. 1, Seventeenth Revised Tariff Sheet
Nos. 4, 5, 6, 7 and 8, and First Revised Sheet No. 15 which are
proposed to become effective September 1, 1995.
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 Gas Supply
Realignment (GSR) Costs by means of GSR Reservation Surcharges
applicable to service under Rate Schedules FT, EFT, SCT and LFT 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 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
[[Page 40836]]
operations to provide its sales customers the choice of reducing and
terminating their obligations under their existing sales contract.
Panhandle states that the purpose of this filing is to provide for
Panhandle's recovery of $1,753,014 of Gas Supply Realignment (GSR)
Costs, (actual payments with associated carrying charges from date of
payment to September 1, 1995) as defined in Section 18.7(b)(1) of the
General Terms and Conditions of Panhandle's FERC Gas Tariff, First
Revised Volume No. 1 (General Terms and Conditions), plus $273,274 of
levelized carrying charges calculated for the three year period these
charges are to be in effect. The GSR Costs sought to be recovered in
the present filing, which are associated with three gas supply
termination agreements, were not included in Panhandle's prior GSR Cost
Recovery filing in Docket No. RP94-325-000.
Panhandle states that the amounts included for recovery as GSR
Reservation Surcharges under Rate Schedules FT, EFT, SCT and LFT and
the amounts included for recovery under Rate Schedules IT and EIT have
been calculated using the methods described which are consistent with
the Commission's orders and pronouncements regarding the recovery of
GSR Costs, and most particularly the so-called Natural discount
attribution policies. Although Panhandle previously has objected to and
sought rehearing of the application of that policy to its filings,
Panhandle recognizes that the Natural approach is the Commission's
current policy and Panhandle's present rate derivation conforms to it.
Panhandle's use of that method is in compliance with prior Commission
orders and is without prejudice to Panhandle's right to adjust the
charges to shippers included in this filing by direct bill, surcharge
or such other method as the Commission may permit, in the event of
reversal, vacation or modification of that policy.
Panhandle states that a copy of this filing has been served on all
customers affected by this filing and applicable state regulatory
agencies.
Any person desiring to be heard or to protest this filing should
file a motion to intervene or a protest with the Federal Energy
Regulatory Commission, 825 North Capitol 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 should
be filed on or before August 11, 1995. 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. 95-19726 Filed 8-9-95; 8:45 am]
BILLING CODE 6717-01-M
