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. 291 First Revised Sheet No. 291
Superseding: Original Sheet No. 291
GENERAL TERMS AND CONDITIONS
(continued)
(2) A transportation charge calculated by multiplying the quantity determined in
(1) above by the weighted average 100% load factor rate of firm services
scheduled to the delivery points covered by the Operating Account Agreement.
(b) If Transporter specifies a limitation on underages, an underage credit
calculated by multiplying the quantity by which actual deliveries are less than
Scheduled Deliveries times 50% of the lowest 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 underage occurred.
Transporter shall post on its Internet website the party, quantity, price, receipt
and/or delivery points and the effective time period for all Operational Purchases or
Sales within two (2) working days after the commencement of such transaction.
All costs and revenues pursuant to this Paragraph 5. will be accounted for pursuant to
Section 24.
6. Deferred Exchange
Deferred Exchanges may be utilized to address short-term line pack needs. Transporter
may utilize this tool to compensate for line pack variations expected to be of short
duration including weekend imbalance situations. Transporter shall post a notice on
its Internet website of the desired quantity. Additionally, Transporter may post any
other criteria, including, but not limited to, geographic location. Transporter shall
negotiate with party(ies) the compensation price and a fixed time period for receipts
and deliveries, and balancing.
Deferred Exchanges shall have receipt point scheduling priority equal to Alternate
Firm of Section 10.C.2.(b). For Deferred Exchanges at a Market Area delivery point: 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 overburns, the sum of the following
charges:
(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
occurred.