[Federal Register Volume 62, Number 73 (Wednesday, April 16, 1997)]
[Notices]
[Page 18595]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-9761]


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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission
[Docket No. PR97-8-000]


Central Oklahoma Oil and Gas Corporation; Notice of Petition for 
Rate Approval

April 10, 1997.
    Take notice that on April 1, 1997, Central Oklahoma Oil and Gas 
Corporation (COOG), One Leadership Square, 211 North Robinson, Suite 
1510, Oklahoma City, Oklahoma 73102, filed, pursuant to section 
311(a)(2) of the Natural Gas Policy Act and section 284.123(b)(2) of 
the Commission's regulations, a petition for rate approval requesting 
that the Commission approve as ``fair and equitable'' market-based 
rates for firm and interruptible storage services COOG proposes to 
provide from the Stuart Natural Gas Storage Facility located in Hughes 
County, Oklahoma. The rates for these storage services will be 
determined by arms length negotiations between COOG and individual 
shippers. COOG proposes to retain up to 2.5% of the injection/
withdrawal volumes as an allowance for compressor fuel and losses for 
storage of natural gas.
    COOG's petition states that, as owner of the Stuart Natural Gas 
Storage Facility, an existing storage facility currently rendering 
intrastate storage services, it is an intrastate pipeline within the 
meaning of section 2(16) of the NGPA. At current operating pressures, 
the Stuart Natural Gas Storage Facility has 8 Bcf of working gas 
capacity and can achieve a maximum daily withdrawal rate of 300,00 Mcf. 
The facility also includes ten storage wells, four compressor units and 
approximately forty miles of pipeline interconnecting the storage 
facility with Enogex Inc., an intrastate pipeline which furnishes 
interstate transportation services under Section 311(a)(2) of the NGPA. 
COOG, although currently provider of intrastate storage services, is a 
new entrant into the interstate storage market and has not previously 
offered Section 311 services. COOG proposes to charge market-based 
rates, subject to refund, effective upon the filing of this petition.
    COOG avers that it has no market power in any relevant product or 
geographic market for storage services of the sort it proposes to 
furnish. COOG has submitted with its petition for rate approval a study 
which, according to COOG, supports this conclusion.
    COOG has also submitted with its petition a Statement of Interstate 
Storage Service Terms and Conditions in compliance with 18 CFR Part 
284. This Statement would govern COOG's provision of storage services 
under Section 311.
    Pursuant to Section 284.123(b)(2)(ii), if the Commission does not 
act within 150 days of the filing date, COOG's proposed rates will be 
deemed to be fair and equitable. The Commission may, prior to the 
expiration of the 150 day period, extend the time for action or 
institute a proceeding to afford parties an opportunity for written 
comments and for oral presentation of views, data and arguments.
    Any person desiring to participate in this proceeding must file a 
motion to intervene in accordance with Sections 385.211 and 385.214 of 
the Commission's Rules of Practice and Procedure. All motions must be 
filed with the Secretary of the Commission on or before April 25, 1997. 
The petition for rate approval is on file with the Commission and is 
available for public inspection.
Lois D. Cashell,
Secretary.
[FR Doc. 97-9761 Filed 4-15-97; 8:45 am]
BILLING CODE 6717-01-M