The Federal Energy Regulatory Commission (FERC) has approved Texas Eastern Transmission Corp.'s (TET) proposed revisions of its monthly imbalance cash-out mechanism (Docket No. RP96-142-000).
gas used in setting its monthly gas cost recovery rate.
The commission found that the LDC's current strategy of relying heavily on short-term contracts with market-based prices did not justify adding a "volatility factor" to its adjustment clause price forecast. Re Michigan Consolidated Gas Co., Case No. u-11145, August 13, 1997 (Mich.P.S.C.).
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