[Federal Register Volume 61, Number 35 (Wednesday, February 21, 1996)] [Notices] [Page 6639] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 96-3773] ----------------------------------------------------------------------- DEPARTMENT OF ENERGY [Docket No. RP96-142-000] Texas Eastern Transmission Corporation; Notice of Proposed Changes in FERC Gas Tariff February 14, 1996. Take notice that on February 12, 1996, Texas Eastern Transmission Corporation (Texas Eastern) tendered for filing as part of its FERC Gas Tariff, Sixth Revised Volume No. 1, revised tariff sheets as follows: First Revised Sheet No. 526 Original Sheet No. 526A First Revised Sheet No. 528 Original Sheet No. 528A First Revised Sheet No. 529 The proposed effective date of these revised tariff sheets is February 12, 1996. Texas Eastern states that this filing is submitted as a limited application pursuant to Section 4 of the Natural Gas Act, 15 U.S.C. Section 717c (1988) and Part 154 of the Rules and Regulations of the Federal Energy Regulatory Commission (Commission) promulgated thereunder, in order to address inappropriate balancing incentives identified with the operation of its current cash-out mechanism contained in Section 8 of the General Terms and Conditions of Texas Eastern's FERC Gas Tariff, Sixth Revised Volume No. 1. Texas Eastern states that the revised tariff sheets filed to modify Section 8 of the General Terms and Conditions of Texas Eastern's FERC Gas Tariff, Sixth Revised Volume No. 1 are necessary to protect the system and to protect Texas Eastern's customer from the impact of gaming the cash-out mechanism. Texas Eastern states that the revised tariff sheets filed herein change the cash-out mechanism contained in Section 8 of the General Terms and Conditions of Texas Eastern's FERC Gas Tariff, Sixth Revised Volume No. 1, by replacing the current weighted average pricing methodology to a highest/lowest price application if imbalances exceed 5%. Texas Eastern states, inter alia, that the change is necessary in order to reduce the incentives existing in its current mechanism for an individual party to take actions which cause detriment to the operation of the system as a whole and which result in other parties subsidizing an individual party's efforts to profiteer. Texas Eastern has requested waiver of notice period to allow immediate implementation. Texas Eastern states that copies of its filing have been served on all firm customers of Texas Eastern, interested state commissions, and all interruptible shippers as of the date of 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 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. 96-3773 Filed 2-20-96; 8:45 am] BILLING CODE 6717-01-M