[Federal Register Volume 61, Number 176 (Tuesday, September 10, 1996)]
[Notices]
[Page 47745]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-22979]
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DEPARTMENT OF ENERGY
[Docket No. RP96-366-000]
Florida Gas Transmission Company; Notice of Proposed Changes in
FERC Gas Tariff
September 4, 1996.
Take notice that on August 30, 1996, Florida Gas Transmission
Company (FGT) tendered for filing as part of its FERC Gas Tariff, Third
Revised Volume No. 1 and Original Volume No. 3, the tariff sheets
listed on Appendix A to the filing, proposed to become effective on
October 1, 1996.
FGT states that the proposed changes would increase revenues from
jurisdictional service by approximately $27.4 million for the pre-
expansion system, and by approximately $8.2 million for the Phase III
system over the first twelve months, both based on the twelve-month
period ended April 30, 1996, as adjusted.
FGT states that this rate filing is made to effectuate changes in
the rates and terms applicable to FGT's services under Rate Schedules
FTS-1, FTS-2, SFTS, NNTS, and ITS-1, the forms of service agreements
thereunder, and the General Terms and Conditions. FGT states that the
changes reflected in the tariff sheets, FGT asserts, are also required
to make certain operational and administrative changes to FGT's Tariff,
including provisions regarding shipper balancing.
Further, FGT states it is eliminating Rate Schedules PTS-1 and PRS
and the related forms of service agreements pursuant to the terms of
the Settlement dated June 16, 1993 in Docket No. RS92-16-000, et al. In
addition, FGT states it is transferring the rate provisions and other
terms and conditions of Western Division transportation service,
currently included in Rate Schedules FTS-1 and ITS-1, to new Rate
Schedules FTS-WD and ITS-WD.
FGT's proposed rates are based on a cost of service of $159.5
million for the pre-expansion system and $159.2 million for the Phase
III system. FGT states that its filing with respect to the Phase III
system reflects the adjustment to common equity and the $18.75 million
reduction to Account No. 101, Gas Plant in Service, provided by the
Stipulation and Agreement of Settlement filed on July 30, 1996 in
Docket No. FA94-15-000, which is pending Commission approval.
FGT states that the overall return for the pre-expansion system is
12.19% (reflecting a 9.70% cost of debt and a 14.50% return on common
equity) and, for the Phase III system, is 10.50% (reflecting an 8.53%
cost of debt and a 14.00% return on common equity). The depreciation
component of FGT's cost of service computations for the pre-expansion
system reflects an increase in the depreciation rate applicable to
FGT's Onshore Transmission Plant from 2.5% to 3.56%. FGT states that,
although it is proposing no change in the twenty-five year depreciable
life of the Phase III system, FGT has adjusted the depreciation
schedule utilizing a levelized rate methodology as provided for by the
Phase III Settlement. Such adjusted depreciation schedule reflects the
overall higher depreciation expense resulting from the fact that the
actual construction costs of the Phase III system were greater than
estimated.
In addition, FGT is requesting authorization herein to secure third
party storage from Bay Gas Storage Company, Ltd. (Bay Gas) to be
utilized to provide No Notice service, including the expanded
availability and flexibility of such service as proposed (including
customer-requested increased winter quantities). FGT respectfully
requests that the Commission grant whatever authorization is deemed
necessary by December 1, 1996, so that FGT may proceed with the
acquisition of such storage under the terms of its letter of intent
with Bay Gas.
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, NE, Washington, DC 20426, in
accordance with Sections 385.211 and 385.214 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 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.
Lois D. Cashell,
Secretary.
[FR Doc. 96-22979 Filed 9-9-96; 8:45 am]
BILLING CODE 6717-01-M
