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Notice of Open Season 128
30-day FSS/FST Summer Storage service with March 2007 Injections and April-August 2007 Withdrawals up to 1.5 Bcf MSQ

STATUS IS:
CLOSED

POSTED: 2/19/2007
TERM:2/19/2007
- 2/23/2007
The successful bidder has met the rate floor and has been awarded this capacity

 

National Fuel Gas Supply Corporation

Open Season Announcement

OS #128

Available Summer Firm Storage Service and Firm Storage Transportation (under FSS/FST Rate Schedules)

 

OPEN SEASON TIMEFRAME:
Commencing February 19, 2007 and extending until 11:00 a.m. (Eastern time) on February 23, 2007.

SERVICE TERM:
March 1, 2007 through August 31, 2007: Requests for service commencing later than March 1, 2007 will not be accepted.

CAPACITY:
1,500,000 Dth

INJECTION and DELIVERY CHARACTERISTICS:

Injection Capacity:

Withdrawal Capacity:

March 1, 2007 through March 31, 2007
1/30 th of Maximum Storage Quantity

April 1, 2007 through August 31, 2007
1/30 th of Maximum Storage Quantity

 

FST RECEIPT AND DELIVERY POINTS AVAILABLE:

PIPELINE

METER NAME

NUMBER

COUNTY

STATE

INJECTION

WITHDRAWAL

TransCanada,TGP

Niagara

010902

Niagara

NY

 

X

Dominion

Ellisburg Station

41202

Potter

PA

X

X

Empire

Pendleton

 012003020

  Niagara

NY

X

 

Equitrans

Three Rivers

TRP2688

Beaver

PA

 

X

TCO

Ellwood City

600065

Beaver

PA

 

X

TCO

Independence/

Greenwood

COL2077

Allegany

NY

X

X

 

 

Norcon Power

NOR2702

Erie

PA

 

X

TGP

Rose Lake

20527

Potter

PA

X

X

TGP

East Aurora

20077

Erie

NY

 

X

TGP

Mercer

20069

Mercer

PA

X

 

TGP

Lamont

20072

Elk

PA

X

 

Transco

Wharton

6325

Potter

PA

X

X

Transco

Leidy

7126

Clinton

PA

X

X

TETCO

Leidy

75977

Clinton

PA

 

X

FUEL and LOSS ALLOWANCE: For purposes of this open season please see below.

FSS: Surface Operating Allowance *

 

Injection

Withdrawal

March

1.4%

1.4%

April - August

1.4%

1.4%

FST: Fuel, Loss and Company Loss *

 

Injection

Withdrawal

March

2.0%

2.0%

April - August

2.0%

2.0%

  * On February 9, 2007, FERC issued a letter order approving the uncontested settlement in docket RP06-298 et. al.  Absent the filing of any requests for rehearing of this order on or before March 12, 2007, the order will be considered final and the new Fuel and Company Use and Lost and Unaccounted For (LAUF) percentages for transportation services, as well as the new Surface Operating Allowance and LAUF percentage for storage services, will go into effect on April 1, 2007.

 

Subject to the order becoming final as described above, the Surface Operating Allowance and LAUF for injection under FSS will be a total of 1.4%; the Surface Operating Allowance and LAUF for withdrawal under FSS will be a total of 1.4%; the Fuel and Company Use and LAUF for injection under FST will be a total of 1.4%; the Fuel and Company Use and LAUF for withdrawal under FST will be 0%.

BID FORMAT & DISCOUNT INFORMATION:
National Fuel will evaluate bids reflecting a discount below the maximum rates for FSS storage service and FST transportation service provided that the bid exceeds the applicable Unit Rate Floor as described below. Discounted bids must be submitted on a bid sheet (BID128) as a requested combined unit rate for FSS storage service and (if applicable) FST transportation service. For the purposes of converting a unit rate bid into component rates, National Fuel will first discount the FSS injection and withdrawal charges, followed by the FST reservation charge (where FST service is requested), then the FSS capacity charge, then the FSS demand charge. Any discount to the FST rate will be limited to transportation of gas to and from National Fuel's firm storage (NFSTOR). National Fuel has predetermined a minimum acceptable Unit Rate Floor. National Fuel will reject any discount proposal below the applicable Unit Rate Floor. National Fuel has not revealed the Unit Rate Floor to any person outside the company.

RANKING BIDS & AWARDING CAPACITY:
For the purposes of allocating the available FSS capacity and the associated FST capacity, shippers will be ranked according to the net present value (NPV), per unit of storage capacity, of the sums of the FSS capacity charges, FSS demand charges and FST reservation charges as derived above. All bids equal or greater than the Unit Rate Floor will be evaluated in a single ranking. The NPV calculation will incorporate length of contract term and will utilize an annual rate of 9.6% for discounting. The "Storage Component" of a bid shall be the NPV, per unit of storage capacity, of the FSS capacity charge and FSS demand charge. In the event that a customer bids for FSS service only (no FST) and its bid is equal to the Storage Component of another bid or bids for both FSS and FST service ("Comparable Combined Service Bid"), the FSS only bid shall be considered equal in value to the Comparable Combined Service Bid with the highest value. In the event that National Fuel receives two or more bids of equal NPV, per unit of storage capacity, the bid with the shortest term will be deemed the best bid. Subject to other conditions in this posting, a ratable allocation, based on quantities requested, shall be made among shippers that submit bids that are equal with respect to both NPV and term.

SERVICE AGREEMENTS:
Successful bidders should execute and return service agreements within 10 business days after they are received. After service agreements are executed, the results of this Open Season will be posted on Nationals web site, http://www.natfuel.com, in the Supply Corporation section under Marketing News and Offers.

OPEN SEASON BID PROCESS:
All Open Season requests must be submitted on a Service Request Form. Complete the Service Request Form on-line or download the PDF version and include a Bid Sheet (BID128), both of which are available on our web site ( http://www.nationalfuelgas.com ) or by calling our Marketing Department @ 716.857.7740. T he completed forms should be submitted online, via mail or fax as listed below:

National Fuel Gas Supply Corporation
6363 Main Street
Williamsville, NY 14221
FAX 716.857.7310

National Fuel Marketing Representatives:
  Terry Falsone - 716.857.7602

Joseph Kolis - 716.857.7520
George Linder - 716.857.7105

 

 

Contact Our Marketing Department

Return to Open Season Index

 

 


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