The Federal Energy Regulatory Commission on Tuesday approved an imbalance cash-out report of Midwestern Gas Transmission Co. for the period of September 2003 through August 2004.

The pipelines’ cash-out reconciliation mechanism reflects a net gain of $306,049. Midwestern Gas Transmission proposes to credit this gain to firm shippers through a demand reduction charge in its next issuance of invoices to firm shippers, the letter order said [RP05-80].

“This order is in the public interest because it accurately implements the mechanism approved for Midwestern to compute its net cash-out activity,” the FERC order noted. Parties have 30 days to seek rehearing of the Commission action.

Midwestern, which is owned by Northern Border Partners LP and TC PipeLines LP, is a 350-mile “header” pipeline system in the Chicago, IL, area with forward and backhaul capabilities.

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