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Notice of Open Season 149
OS149 - FIRM TRANSPORTATION CAPACITY from TRANSCANADA @ NIAGARA (SUMMER 2009)

STATUS IS:
CLOSED

POSTED: 10/10/2008
TERM:10/10/2008
- 10/16/2008
No bids were received in this open season. Post Open Season capacity is available. Contact your Marketing Representative for details.

National Fuel Gas Supply Corporation                                           

OS149          

OS149 FIRM TRANSPORTATION CAPACITY from TRANSCANADA @ NIAGARA (SUMMER 2009)

CAPACITY:

2,633 Dth/Day available April 1, 2009 through October 31, 2009.

RECEIPT POINT:


Primary Receipt Point

Meter Number

TransCanada Pipelines – Niagara

010902

AVAILABLE DELIVERY POINTS:

Primary Delivery Point (FT-3)

Meter Number

Transco - Leidy

7126

Texas Eastern - Leidy

75977

OPEN SEASON TIMEFRAME:

Commencing October 10, 2008 and extending until 11:00 a.m. (Eastern Time) on October 16, 2008.

RATE INFORMATION:                                                                                                                                           

Listed below are our current maximum tariff rates for Firm Transportation Service for Niagara to Zone 3 (FT-3):

Maximum Rate

FT-3

Reservation Charge

$6.1038 per Dth/day

Commodity Charge

$0.0013 per Dth

FERC ACA Commodity Surcharge

$0.0017 per Dth

Fuel Loss and Company Use

1.4%

100% Load Factor Rate

$0.2020 per Dth

  • Reservation Charge (monthly, applied to contract MDTQ)
  • Commodity Charge (daily, applied to Dth quantity transported)
  • FERC ACA Commodity Surcharge (daily, applied to Dth quantity transported)
  • Fuel Loss and Company Use (Delivered volumes are receipt volumes less 1.4% fuel and loss retention)
  • 100% Load Factor Rate (excluding ACA surcharges)

BID FORMAT AND AWARD PROCESS                                                                                                              OS149

During the Open Season period, National will accept requests for this transportation service to commence April 1, 2009.  Requests for rate discounts will only be considered for bids from Niagara to Zone 3 delivery points (FT-3). No requests for discounts of fuel and loss retention will be acceptedAll 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% for discounting purposes.  In the event that more than one shipper submits requests that are equivalent in value, the best bid shall be the bid with the shortest term.  In the event that multiple shippers submit requests that are equivalent in value and term, the available capacity shall be prorated to those shippers based on the quantities requested. 

National Fuel has predetermined a minimum acceptable Reservation Rate Floor for Niagara to Zone 3 (FT-3) bids.  National Fuel will reject any discount below the Reservation Rate Floor.  National Fuel has not revealed the Reservation Rate Floor to any other person.

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.

 

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, and include a Bid Sheet (BID149), both of which are 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 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 National's web site, http://www.nationalfuelgas.com/, in the Supply Corp. section under Marketing News and Offers.

 

 

Contact Our Marketing Department

Return to Open Season Index

 

 


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