[Federal Register Volume 63, Number 57 (Wednesday, March 25, 1998)]
[Notices]
[Page 14447]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-7791]


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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission
[Docket No. SA98-50-000]


Graham-Michaelis Corporation; Notice of Petition for Adjustment

March 19, 1998.
    Take notice that on March 9, 1998, Graham-Michaelis Corporation 
(GMC), filed a petition for an adjustment under Section 502(c) of the 
Natural Gas Policy Act of 1978 (NGPA 15 U.S.C. 3412(c)) and Rules 1101-
1117 of the Commission's Rules of Practice and Procedure (18 CFR 
385.1101-385.1117), wherein GMC requested, on behalf of first sellers 
(First Sellers) \1\ for whom it operated, that the Commission: (1) 
Extend the time by 90 days from March 9, 1998, in which to reach an 
agreement with Panhandle Eastern Pipeline Company on the correct amount 
of the potential refund liability of First Sellers and submit any 
unresolved dispute to the Commission; (2) grant an adjustment to the 
Commission's procedures to allow First Sellers to place into an escrow 
account the amount of refund which appears presently to be in dispute 
but which may still be resolved by agreement (i) principal and interest 
on amounts attributable to production prior to October 4, 1983, and 
(ii) interest on all reimbursed principal amounts determined to be 
refundable as being in excess of maximum lawful prices (excluding 
interest retained under (i) above); and (3) grant them relief from 
refund liability as to one of the wells for which ad valorem tax 
reimbursements were made. GMC also requests that it be determined that 
it was not a working interest owner or first seller and that it 
therefore has no liability under the Statement of Refunds Due SRD.\2\
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    \1\ First sellers are W.A. Michaelis, Jr. Revocable Trust, John 
L. James Revocable Trust, Dial C. West, Graham Enterprises, William 
L. Graham Revocable Trust, Betty Harrison Graham Revocable Trust, 
M.D. Michaelis, GrahamCo, William Graham, Inc., H.R. Michaelis 
Revocable Trust, David M. Dayvault Revocable Trust, Jack L. Yinger 
Revocable Trust, Paula Sue Bricker, Graham Petroleum, Inc., Chas. A. 
Neal & Company, and March Oil Company.
    \2\ See Docket No. RP98-40-000.
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    Any person desiring to be heard or to make any protest with 
reference to said petition should on or before 15 days after the date 
of publication in the Federal Register of this notice, file with the 
Federal Energy Regulatory Commission, 888 First Street, N.E., 
Washington, D.C. 20426, a motion to intervene or a protest in 
accordance with the requirements of the Commission's Rules of Practice 
and Procedure (18 CFR 385.214, 385.211, 385.1105, and 385.1106). All 
protests filed with the Commission will be considered by it in 
determining the appropriate action to be taken but will not serve to 
make the protestants parties to the proceeding. Any person wishing to 
become a party to a proceeding or to participate as a party in any 
hearing therein must file a motion to intervene in accordance with the 
Commission's Rules.
David P. Boergers,
Acting Secretary.
[FR Doc. 98-7791 Filed 3-24-98; 8:45 am]
BILLING CODE 6717-01-M