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Notice of Open Season 140
OS140 - AVAILABLE LONG TERM FIRM CAPACITY UP TO 3,000 DTH/DAY

STATUS IS:
CLOSED

POSTED: 6/6/2008
TERM:6/6/2008
- 6/13/2008
Precendent agreement has been tendered to the successful bidder.

NATIONAL FUEL GAS SUPPLY CORPORATION           

           

OPEN SEASON - OS140

AVAILABLE LONG TERM FIRM CAPACITY UP TO 3,000 DTH/DAY

National Fuel Gas Supply Corporation (National Fuel) is pleased to offer Firm Transportation Capacity from National Fuel’s Van Compressor Station (Van) to commence following the installation of horsepower at Van (anticipated start-up April 1, 2009).  This project creates additional capacity into National Fuel’s system in Venango County, Pennsylvania that can be used in conjunction with existing posted path capacity for Enhanced Firm Transportation service or Firm Transportation service for delivery points on the table below:

PRIMARY DELIVERY POINT TABLE:

 

Meter Name

Meter Number

NFGDC – Erie Control

NFGDC-ECTL

NFGDC – Island Run

NFGDC - IR

NFGDC - Mercer

NFGDC -MERC

NFGDC – Wheatland Loop

NFGDC - CAP

Equitrans – Three Rivers

TRP2688

Columbia Gas of Pennsylvania (Warren)

PSN0329621

Handsome Lake Power Plant

HLAKE

Norcon Power Plant

NOR2702

United Refining

UNI2854

OPEN SEASON TIME FRAME:  Commencing June 6, 2008 and extending until 11:00 a.m. (Eastern Time) on Friday, June 13, 2008.

AVAILABLE CAPACITY: Up to 3,000 Dth/Day

TERM:  This capacity will be available long-term term to commence following necessary regulatory approvals and completion of the Van Station upgrade. National Fuel expects the completion of facilities by April 1, 2009.  A minimum term of ten (10) years is required for capacity utilizing Van.  Bidder must request a start date no later than April 1, 2009.


RATE INFORMATION:

Listed below are current max rates for Firm Transportation (EFT) service:

Maximum Rate

EFT Rate Component

$3.5570 per Dth/day

Reservation Charge (monthly, applied to contract MDTQ)

$0.0069 per Dth

Commodity Charge (daily, applied to Dth quantity transported)

$0.0019 per Dth

FERC ACA Commodity Surcharge (daily, applied to Dth quantity transported)

1.4%

*Fuel and Company Use/LAUF (Delivered volumes are receipt volumes less 1.4% Fuel and Company Use retention and Transportation LAUF retention)

$0.1238 per Dth

100% Load Factor Rate (excluding ACA surcharges)

Listed below are current max rates for Firm Transportation (FT) service:

Maximum Rate

FT Rate Component (Real time measurement required for FT service.)

$3.3612 per Dth/day

Reservation Charge (monthly, applied to contract MDTQ)

$0.0063 per Dth

Commodity Charge (daily, applied to Dth quantity transported)

$0.0019 per Dth

FERC ACA Commodity Surcharge (daily, applied to Dth quantity transported)

1.4%

*Fuel and Company Use/LAUF (Delivered volumes are receipt volumes less 1.4% Fuel and Company Use retention and Transportation LAUF retention)

$0.1168 per Dth

100% Load Factor Rate (excluding ACA surcharges)

*Fuel and Company Use retention for all applicable rate schedules is 1.15%. Transportation LAUF retention for all applicable rate schedules is 0.25%.

 

National Fuel reserves the right to propose an incremental transportation rate based on post-open season construction estimates and project economics.

BID FORMAT AND AWARD PROCESS:

During the Open Season period, National Fuel will accept requests for this incremental transportation under the FT or EFT rate schedule. Requests for rate discounts or for discounts of fuel or loss retention will not be considered during this Open Season.  Shippers may request all or part of the available capacity.  All acceptable requests will be ranked and capacity awarded based on the highest net present value (NPV) of the reservation charge revenues, per unit of capacity (Dth/day) requested.  The NPV calculation will incorporate length of contract term and will utilize a monthly rate of 0.8% (9.6% annually) for discounting purposes.  In the event that more than one shipper submits requests that are equivalent in value and term, the available capacity shall be prorated to those shippers based on the quantities requested.

If it is necessary to prorate the capacity among successful bidders, service agreements will be sent to each successful bidder reflecting such proration.  These service agreements will provide for a range of quantities between the prorated quantities and the requested quantities.  The contract quantity will be within this range and will be determined by the capacity subscribed by all successful bidders under executed service agreements.

If National Fuel determines that the level of interest is sufficient to warrant a cost-effective system enhancement, then National Fuel will seek the required authorizations to provide, construct and operate the facilities necessary to provide the transportation service as outlined in this Open Season. Participation in this Open Season is non-binding for bidders and National Fuel.

 

OPEN SEASON BID PROCESS:

All Open Season requests must be submitted on a Service Request Form (complete a Service Request Form online or download the PDF version, available on our web site (http://www.nationalfuelgas.com/) or by calling our Marketing Department at 716.857.7740.  The completed form should be submitted online or via mail or fax as listed below:

National Fuel Gas Supply Corporation
6363 Main Street
Williamsville, NY 14203
PHONE: 716.857.7740
FAX 716.857.7310

National Fuel Marketing Representatives:

Joe Kolis – 716.857.7520
Terry Falsone – 716.857.7602
George Linder – 716.857.7105

SERVICE AGREEMENTS:

Successful bidders will be required to execute and return precedent agreements and service agreements within 10 business days after they are received.  The results of this Open Season will be posted on National's web site, http://www.nationalfuelgas.com/, in the Supply Corp. section under Marketing News and Offers.

 

 

 

Contact Our Marketing Department

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