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.