Florida Gas Transmission Company, LLC

Fourth Revised Volume No. 1

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Effective Date: 09/01/2006, Docket: RP06-463-000, Status: Effective

Original Sheet No. 278 Original Sheet No. 278 : Effective

 

GENERAL TERMS AND CONDITIONS

(continued)

 

 

prices for (a) low sulfur (LS) No. 2 fuel oil, and (b)

0.7% sulfur No. 6 fuel oil ("No. 6 Fuel Oil"), as

posted in Platt's Oilgram Price Report for Estimated

U.S. Gulf Coast Spot prices, Waterborne, for the month

in which the curtailment event occurred; and the term

"Gas Index" means the mathematical average of the

prices for spot gas deliveries to Transporter for

Zones 1, 2, and 3, as published in Natural Gas Week

for the month in which the curtailment event occurred.

 

(ii) For PRCE capacity allocated to an ES to serve Priority

2 Uses, the ES will pay to Transporter, within thirty

(30) days following issuance by Transporter of an

invoice for such amount, an amount calculated under

the following formula: PRCE[(Fuel Oil Price x 150%) -

Gas Index] for remittance to Shippers curtailed in

excess of their straight pro rata allocation. With

regard to such formula, the terms "Fuel Oil Price" and

"Gas Index" are as defined in subsection 2(c)(i)

above.

 

(d) Credits -- A firm Shipper receiving less capacity under this

Section 17A than its pro rata allocation will be entitled to

a share of the CRC and AFC revenues (and penalties, if

applicable) collected by Transporter to the extent provided

herein. (Demand charge credits given by Transporter

pursuant to § 4 of Transporter's FTS-1, FTS-WD and FTS-2

Rate Schedules will be applied to the difference between the

volumes scheduled and the volumes that would have been

delivered under a straight pro rata allocation.)

 

(e) Remitting to Curtailed Shippers --

 

(i) General -- Transporter shall act as the clearinghouse

for remitting the CRC and AFC amounts to curtailed

Shippers; however, Transporter shall not be required

to remit any amounts except to the extent it recoups

payments from those Shippers owing same. The

incremental funds collected by Transporter shall be

accounted for in a segregated account.