97-25819. Florida Gas Transmission Company; Notice of Filing

[Federal Register Volume 62, Number 189 (Tuesday, September 30, 1997)]
[Notices]
[Page 51094]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-25819]


-----------------------------------------------------------------------

DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission
[Docket No. RP97-531-000]


Florida Gas Transmission Company; Notice of Filing

September 24, 1997.
    Take notice that on September 19, 1997, Florida Gas Transmission 
Company (FGT) tendered for filing as part of its FERC Gas Tariff, Third 
Revised Volume No. 1 the following tariff sheet:

Fourth Revised Sheet No. 131
Sixth Revised Sheet No. 132
Second Revised Sheet No. 133

    FGT states that it proposes two changes in order to achieve the 
original purpose of the Cash-Out provisions as contained in Section 
14.B of the General Terms and Conditions of FGT's tariff. First, FGT 
proposes that the Cash-Out indices be modified such that: (1) For 
imbalances due FGT the Posted Price equal the highest of the monthly 
average spot prices for Mustang Island (Tivoli), Vermilion Parish or 
St. Helena Parish, as reported in Natural Gas Week, and (2) for 
imbalances due the Imbalance Party the Posted Price equal the lowest of 
the monthly average spot prices for Mustang Island (Tivoli), Vermilion 
Parish or St. Helena Parish, as reported in Natural Gas Week. FGT 
believes that these changes may work to achieve a portion of the 
previous price premium of the St. Helena Parish over the Mustang Island 
(Tivoli). In addition, FGT proposes that the Imbalance Level Factors 
for imbalance levels of up to 5% be modified such that: (1) For 
imbalances due FGT the Imbalance Level Factor be increased from the 
current 1.00 to 1.05 and (2) for imbalances due the Imbalance Party, 
the Imbalance Level Factor be decreased from 1.00 to 0.95. FGT believes 
that modification of the Imbalance Level Factor is required because the 
differential between the high index and low index may be very small and 
therefore insufficient to discourage gaming. FGT believes that absent 
the proposed changes, FGT's Cash-Out provisions no longer provide a 
disincentive for shippers to swing on FGT's system line pack.
    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 
by Section 154.210 of the Commission's Rules and 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. 97-25819 Filed 9-29-97; 8:45 am]
BILLING CODE 6717-01-M