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. 290 First Revised Sheet No. 290
Superseding: Original Sheet No. 290
GENERAL TERMS AND CONDITIONS
(d) MSS Revenues. Fifty percent (50%) of the revenues received by Transporter
as compensation for the transportation aspect of MSS service shall be
retained by Transporter and fifty percent (50%) shall be recorded in the
Balancing Tools Account and accounted for pursuant to Section 24.
5. Operational Purchases or Sales
Operational Purchases or Sales may be utilized to manage line pack, with purchases
made on those days in which Transporter needs to increase line pack levels, and sales
made on those days in which Transporter needs to decrease line pack levels.
Transporter will utilize this tool to cover noncompliance with pack/draft notices,
alert days or OFO's, to compensate for the time lag inherent in utilizing tools which
require advance notice, to restore in-kind quantities settled through the cash-out at
the end of the month or as otherwise required to maintain a reasonable system balance.
Transporter shall post a notice on its Internet website stating the desired quantity,
and the minimum quantity, if any, for which a bid will be accepted. Additionally,
Transporter may post any other criteria, including, but not limited to, geographic
location and specific response time requirements. Bids shall be accepted only from
parties having been determined to be creditworthy pursuant to Section 16 and providing
satisfactory proof of ability to perform. Transporter shall accept the bid(s) that
result in the lowest purchase cost for Operational Purchases and the highest sales
revenues for Operational Sales consistent with any other criteria specified.
Operational Purchases shall have the receipt point scheduling priority equal to
Alternate Firm of Section 10.C.2.(b). Operational Purchases or Sales in the Market
Area shall receive no special scheduling priority. In the event Transporter makes
Operational Purchases or Sales at a Market Area delivery point, the following
additional conditions will apply: 1) if the party is not the Delivery Point Operator,
the Delivery Point Operator must consent in writing; and 2) actual deliveries must be
within the greater of 2% of Shipper's total Scheduled Deliveries or 500 MMBtu, in the
direction (overage or underage) specified by Transporter.
Failure to comply will result in the following charges:
(a) If Transporter specifies a limitation on overages, the sum of the following
(1) An overage charge calculated by multiplying the quantity by which actual
deliveries exceed Scheduled Deliveries times 200% of the highest simple
average by zone of the daily midpoint prices for the indices listed in the
cash-out provisions of Section 14.B, for the week in which the overage