[Federal Register Volume 61, Number 6 (Tuesday, January 9, 1996)] [Notices] [Page 648] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 96-246] ----------------------------------------------------------------------- DEPARTMENT OF ENERGY [Docket No. RP96-86-000] Florida Gas Transmission Company; Notice of Filing of Annual Report of Cash-Out Activity January 3, 1996. Take notice that on December 20, 1995, Florida Gas Transmission Company (FGT) tendered for filing schedules detailing certain information related to the Cash-Out mechanism provided for in Section 14 of the General Terms and Conditions (GTC) of its FERC Gas Tariff, Third Revised Volume No. 1. No tariff changes are proposed therein. FGT states that Section 14 provides for the resolution of differences between quantities of gas scheduled and physically received and/or delivered each month and provides that the elimination of any monthly imbalances not resolved through the Book-Out provisions will be by cash settlement (``Cash-Out''). The Cash-Out provisions of Section 14 provide that different imbalances factors and price index will be used to value imbalances due the imbalance parties. FGT states that the purpose of the weighted valuation method was to encourage shipper adherence to scheduled quantities to maintain the integrity of FGT's system, which has no storage facilities to accommodate imbalances. FGT states that, in order to ensure that any potential benefit resulting from the use of different indices and imbalance factors was properly accounted for, FGT was required to credit to its shippers all revenues derived from Cash-Outs which exceed the actual cost to FGT to maintain a reasonable system balance. These requirements were contained in Section 14.B.8. of the GTC of FGT's tariff. Although these provisions of Section 14.B.8. were superseded December 1, 1995 by the provisions of a settlement in Docket No. RP95- 103-000, FGT states that it is filing the instant report to avoid an unintended gap in reporting periods. FGT proposes to directly refund $238,651.53 of excess cash-out revenues to shippers identified in Schedule B to FGT's filing. FGT proposes to make these refunds within 30 days following a final Commission Order accepting the filing. 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, 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 January 10, 1996. Protests will be considered by the Commission in determining the appropriate actions to be taken, but will not serve to make protestants parties to the proceedings. 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 inspections. Lois D. Cashell, Secretary. [FR Doc. 96-246 Filed 1-8-96; 8:45 am] BILLING CODE 6717-01-M