Florida Gas Transmission Company

Third Revised Volume No. 1

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Effective Date: 09/02/1996, Docket: RP96-330-001, Status: Effective

Substitute Third Revised Sheet No. 188A Substitute Third Revised Sheet No. 188A : Superseded

Superseding: Second Revised Sheet No. 188A

GENERAL TERMS AND CONDITIONS

(continued)

 

A. Procedures to Obtain Interruptible Capacity

 

To obtain interruptible capacity, Shippers must have executed a

Service Agreement under Rate Schedule ITS-1, and must comply with the

nomination procedures set forth at Section 10 of these General Terms

and Conditions.

 

B. Procedures to Obtain Firm Capacity

 

Transporter's Firm Natural Gas Service Log existing on the effective

date of this Tariff, shall be terminated and associated reservation

charge payments shall be returned with carrying charges computed by

applying the interest rate provided in 18 C.F.R 154.67(c)(2)(iii)(A)

(or its successor). If and when any Market Area firm capacity on

existing facilities becomes available, other than through the

capacity relinquishment program set forth in Section 18, Transporter

shall conduct an Open Season for such capacity. Notice of the Open

Season shall be posted on the Electronic Bulletin Board for a period

of not less than seven (7) days. Shippers or potential Shippers

interested in obtaining capacity must submit a request during the

specified Open Season. Requests must follow the format set forth in

Section 3 of the rate schedule under which the firm capacity is

available. Transporter will satisfy all requests which are feasible

given existing facilities and existing MDTQ and MDQ and which can be

fulfilled without impairment of firm capacity rights held by any

other Shipper or without reducing the total contractual entitlements

on Transporter's system. To the extent, Transporter is unable to

satisfy all of the requests, Transporter shall award the capacity or

portion thereof based on the request with the highest present value

of the reservation charges and/or other guaranteed revenue stream for

the subject capacity not exceeding the maximum rate applicable to

such capacity; provided that Transporter shall not be required to

satisfy any request for capacity at less than maximum rate, as it may

be adjusted from time to time. For the purposes of determining the

best bid and allocating capacity, Shippers willing to pay more than

the maximum tariff rate will be considered to be paying the maximum

tariff rate. Transporter shall prorate the available capacity among

requests yielding an equivalent net present value.