Florida Gas Transmission Company, LLC

Fourth Revised Volume No. 1

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Effective Date: 07/12/2010, Docket: RP10-842-000, Status: Effective

First Revised Sheet No. 257 First Revised Sheet No. 257

Superseding: Original Sheet No. 257

 

GENERAL TERMS AND CONDITIONS

(continued)

 

(b) Any remaining Receipt and Delivery Imbalances which

are within the 5% Imbalance Level shall be netted

together except that Transporter shall invoice

Imbalance Party a Transportation Charge equal to the

delivery quantity netted under this Section (b)

multiplied by the weighted average of the maximum

rates, plus applicable surcharges, of Rate Schedules

FTS-1, FTS-2, FTS-WD and SFTS scheduled at the

delivery points covered by the Operating Account

Agreement; and

 

(c) Any imbalances remaining after the netting in (b)

above shall be cashed-out pursuant to the provisions

of 14B.1 or 14B.2, as applicable.

 

4. Balancing of NNTS Service

 

The NNTS Imbalances shall be equal to any quantity recorded

in the No-Notice Account pursuant to Section 13

(Determination of Daily Deliveries - Market Area) plus any

fuel reimbursement quantities.

 

5. Cash-Out Mechanism Revenue Disposition

 

Costs and revenues associated with Transporter's cash-out

mechanism will be accounted for and disposed of in

accordance with Section 24 of these General Terms and

Conditions.

 

6. Prior Period Adjustments

 

Prior Period Adjustments ("PPA") shall be determined in

accordance with Section 4.i., and shall be separately stated

on any balancing reports. Any such prior period adjustments

will be processed in the month such adjustment becomes known

to Transporter for the purpose of the book-out/cash-out

provisions of Section 14, except that the imbalance factor

applied to all PPAs shall be 1.0. (No imbalance penalty

should be imposed when a prior period adjustment applied to

the current period causes or increases a current month

penalty). Transporter shall furnish the details and basis

for the PPAs upon request by the affected Shipper.