Florida Gas Transmission Company

Third Revised Volume No. 1

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Effective Date: 10/19/2000, Docket: RP00-552-000, Status: Effective

Second Revised Sheet No. 163D Second Revised Sheet No. 163D : Superseded

Superseding: First Revised Sheet No. 163D

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 Posted Price 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 electronic bulletin board 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 19.1.

 

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

electronic bulletin board 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 Posted

Price for the indices listed in the cash-out provisions of Section 14.B, for

the week in which the overage occurred.