Florida Gas Transmission Company

Third Revised Volume No. 1

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Effective Date: 03/01/1997, Docket: RP96-366-002, Status: Effective

Substitute Third Revised Sheet No. 184B Substitute Third Revised Sheet No. 184B : Superseded

Superseding: Second Revised Sheet No. 184B

GENERAL TERMS AND CONDITIONS

(continued)

 

c. Calculating the Excess Volumetric Cash-Out Volume as the

volumetric difference between (a) and (b) above and calculating

the Excess Volumetric Cash-Out Costs or Revenues associated with

such volume by applying the weighted average price for such

imbalance as calculated pursuant to (a) and (b) above. Such

Excess Volumetric Cash-Out Volumes and Costs or Revenues will be

deducted from the Cash-Out Account balances and transferred to

settlement of the Balancing Tools Account.

 

2. Deferred Fuel Accounting

 

The volumes and associated dollar amounts calculated pursuant to GTC

Section 27.G., which represent the monthly differences between

retained fuel and actual fuel (including lost and unaccounted for

volumes), for each month of the Settlement Period shall be accounted

for in the settlement of the Balancing Tools Account.

 

3. Balancing Tools Account

 

Amounts invoiced or paid, and associated volumes if any, related to

Operational Purchases and Sales (GTC Sec. 17.C.5), Alert Day Overages

(GTC Sec. 13.D.4), Alert Day Underages (GTC Sec. 13.D.5), OBA's

subject to cash resolution (GTC Sec. 12.A.), Unauthorized Gas (GTC

Sec. 12.D.), Unscheduled Deliveries (GTC Sec. 13.1.C), Deferred

Exchanges (GTC Sec. 17.C.6.), non-compliance with OFO's (GTC Sec.

17.C.3), and charges or credits related to non-compliance with any

applicable delivery tolerance provisions of the above, as well as the

MSS and Pack/Draft provisions, will be recorded in a Balancing Tools

Account. Also, fifty percent (50%) of the revenues received by

Transporter as compensation for the transportation aspect of MSS

Service shall be recorded in the Balancing Tools Account. In

addition, Excess Volumetric Cash-Out Volumes and Costs or Revenues,

as determined in Section 19.1.A.1.c. above, will be included in the

settlement of the Balancing Tool Account. Following the end of each

Settlement Period, Transporter will determine the volumetrically

balanced net cash balance of the Balancing Tool Account by:

 

a. Totaling the amounts paid by Transporter, and associated volumes,

if any, related to the cost items identified in 19.1.A.3 above

plus any Excess Volumetric Cash-Out Volumes and Costs from the

Cash-Out Mechanism and any net overretention of fuel by

Transporter and the associated costs, and calculating the

weighted average unit price associated with such balancing cost

transactions; and