[Federal Register Volume 60, Number 20 (Tuesday, January 31, 1995)] [Notices] [Pages 5916-5917] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 95-2266] ----------------------------------------------------------------------- DEPARTMENT OF ENERGY Federal Energy Regulatory Commission [Docket No. RP95-132-000] Williams Natural Gas Co.; Notice of Refund Report January 25, 1995. Take notice that on January 20, 1995, Williams Natural Gas Company (WNG), tendered for filing, pursuant to Article 9.7(d) of the General Terms and Conditions of its FERC Gas Tariff, its report of net revenue received from [[Page 5917]] cash-outs. WNG proposes to make the refund upon Commission approval of its calculation method as set out in this report. WNG states that on October 1, 1993, in Docket No. RS92-12, it implemented a new methodology for handling transportation imbalances. Included in this methodology was a cash-out mechanism. Pursuant to Article 9.7(a)(iv), Shippers were given the option of resolving their imbalances by the end of the calendar month following the month in which the imbalance occurred by cashing-out such imbalances at 100% of the spot market price applicable to WNG as published in the first issue of Inside FERC's Gas Market Report for the month in which the imbalance occurred. Net monthly imbalances which were not resolved by the end of the second month following the month in which the imbalance occurred and which exceeded the tolerance specified in Article 9.7(b) were cashed- out at a premium or discount from the spot price according to the schedules set forth in Article 9.7(c). Article 9.7(d) provides that during each twelve month period beginning on the effective date of Article 9, WNG shall refund any net revenue (sales less purchase cost) received from the operation of paragraphs (a)(iv) and (c) to all Shippers on a pro-rata basis based on quantity delivered under rate schedules applicable to Article 9.7 to each Shipper during such twelve month period. It further provides that carrying costs shall be calculated on the net balance each month (either net revenue or net cost). WNG states that a copy of its filing was served on all jurisdictional customers and interested state commissions. Any person desiring to be heard or to protest said filing should file a motion to intervene or a protest with the Federal Energy Regulatory Commission, 825 North Capitol Street, NE., 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 February 1, 1995. 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. 95-2266 Filed 1-30-95; 8:45 am] BILLING CODE 6717-01-M