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

Original Sheet No. 329C Original Sheet No. 329C

 

GENERAL TERMS AND CONDITIONS

(continued)

 

 

 

d. Subtracting from the remaining volumetric and cash balances the excess volumetric

imbalance and related costs or revenues respectively, at the weighted average price

associated with such imbalance (Excess Volumetric Balancing Tool Volumes and Costs or

Revenues). Such Excess Volumetric Balancing Tool Costs or Revenues from the current

Settlement Period will be used by Transporter to offset revenues or costs associated

with any outstanding volumetric imbalances which will be resolved on an in-kind basis

during the next Settlement Period. The Excess Volumetric Balancing Tool Volumes will

be carried forward to the next Settlement Period as the volumetric basis of the

adjustment provided for in c. above.

 

4. Beginning with the cumulative ending balance at the end of Settlement Period 9 (as of

September 30, 2001) interest shall accrue on the cumulative monthly balance of the Cash-

Out Mechanism Account, the Fuel Mechanism Account, and the Balancing Tools Account in

accordance with Section 154.501(d) of the Federal Energy Regulatory Commission's

Regulations.

 

B. Reporting and Disposition of Account Balances

 

1. After determining the volumetrically balanced net cash balance of both the Cash-Out

Mechanism Account, the Fuel Mechanism Account, and the Balancing Tools Account as provided

for in A. above, Transporter shall determine the Overall Net Cash Balance to be refunded

or carried forward by:

 

a. Adding the net cost or revenue balance of the Balancing Tools Account to the net cost

or revenue balance of the Cash-Out Mechanism Account and the Fuel Mechanism Account,

and

b. Adjusting the balance resulting from a. above for any net cost carried forward from

the prior Settlement Period, plus interest as defined in Section 24.A.4 herein.

 

2. If the Overall Net Cash Balance resulting from 1a. and b. above is a net revenue balance,

within thirty (30) days following a final FERC order accepting the report provided for in

3. below, Transporter shall refund such balance to all Shippers under Rate Schedules FTS-

1, FTS-2, FTS-WD, SFTS, ITS-1, and ITS-WD based on the ratio of each such Shipper's

scheduled volumes for the production months reflected in the associated Settlement Period

to the total volumes scheduled under such rate schedules for the associated Settlement

Period. If the Overall Net Cash Balance resulting from 1a. and b. above is a net cost

balance, such balance shall be carried forward into the next Settlement Period.

 

3. By each December 31, Transporter will file a report (Annual Report) with the FERC

detailing the results of determinations of the volumetrically balanced net cash balances

for the Settlement Period ending the preceding September 30 as provided for in A. above.