GOLD STANDARDS: GOLDEN TRIANGLE STORAGE WINS MARKET POINTS ON ALL COUNTS; GOLDEN PASS PIPELINE PROPOSES AND FERC APPROVES RATE LEVELIZATION PLAN TO MITIGATE HIGHER PROJECT COSTS

摘要

FERC last week granted rehearing to Golden Triangle Storage, Inc. (CP07-414) who challenged changes to its pro forma tariff ordered by the Commission purportedly to bring the provisions up to date with the current version of the National American Energy Standards Board standards. A 2007 FERC order authorized Golden Triangle to: (1) construct and operate two high-deliverability natural gas storage caverns, a compressor station, and two pipelines to connect the caverns to nearby interstate pipelines; and (2) provide firm and interruptible storage services under market-based rates. Golden Triangle’s pro forma tariff generally complied with Part 284 of the regulations. In its application to amend the 2007 order, Golden Triangle stated that the pro forma tariff was nearly three years out of date and, as a result, required a significant number of changes. Thus, Golden Triangle proposed to: (1) add several new provisions; (2) revise its pro forma tariff to comply with the 2007 order; (3) revise the tariff to conform with the Commission’s new capacity release requirements; and (4) make minor edits and corrections to the text.