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Notice of Open Season 162
OS162 - Long Term Firm Transportation Capacity from TransCanada at Niagara

STATUS IS:
CLOSED

POSTED: 2/17/2010
TERM:2/17/2010
- 2/24/2010
No bids were received in this open season. Capacity remains available on a post open season basis. Please contact your marketing representative for more information.

OS162 LONG TERM FIRM TRANSPORTATION CAPACITY from TRANSCANADA @ NIAGARA

CAPACITY:

Offering #1 (FT-1 Capacity):  15,000 dth/d available March 1, 2010, with an additional 25,355 dth/d available April 4, 2010.

Offering #2 (FT-1S Capacity):  5,390 dth/d available April 1, 2010.

All capacity is available on a long-term basis.

RECEIPT POINT:

Primary Receipt Point

Meter Number

TransCanada Pipelines – Niagara

010902

AVAILABLE DELIVERY POINTS:

Primary Delivery Point (FT-1)

Meter Number

NFGDC – Pekin

020326

NFGDC – Lewiston

020092

NFGDC – Mineral Springs

NFGDC-MSMX

NFGDC – Vicksburg

NFGDC-VICK

NFGDC – Nash Road

NFGDC-NASH

Primary Delivery Point (FT-1S)

Meter Number

NFGDC – Zoar

NFGDC-ZOAR*

*Delivery quantity to this point may not exceed 5,390 dth/d.

OPEN SEASON TIMEFRAME:

Commencing February 17, 2010 and extending until 11:00 a.m. (Eastern Time) on February 24, 2010.

BID FORMAT AND DISCOUNT INFORMATION:                                                                                             

During the Open Season period, National Fuel will accept requests for transportation service under National Fuel’s FT rate scheduleRequests for rate discounts for FT-1 service will not be accepted, however, National Fuel will accept bids reflecting a discount below the maximum rates for FT-1S transportation service provided that the bid exceeds the applicable Unit Rate Floor as described below.  No requests for discounts of fuel and loss retention will be accepted. 

National Fuel has predetermined a minimum acceptable Unit Rate Floor for FT1-S capacity (Offering #2).  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.

AWARD PROCESS:

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 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.  Capacity under Offering #1 will be awarded separately from Offering #2 capacity.

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.

RATE INFORMATION:                                                                                                                  

Listed below are the applicable current maximum tariff FT rates:

Maximum Rate

FT-1

FT-1S

Reservation Charge

$2.2622 per Dth/day

$5.6234 per Dth/day

Commodity Charge

$0.0001 per Dth

$0.0064 per Dth

FERC ACA Commodity Surcharge

$0.0019 per Dth

$0.0019 per Dth

Fuel Loss and Company Use/LAUF

1.4%

1.4%

100% Load Factor Rate (Excl. surcharges)

$0.0745 per Dth

$0.1914 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)

 

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 if bidding on Offering #2 (FT-1S capacity) please also include a Bid Sheet (BID162).  Both are available on our web site (http://www.nationalfuelgas.com/) or by calling our Marketing Department at 716.857.7740.  The completed form(s) 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
Genevieve Dispenza – 716.857.6945

SERVICE AGREEMENTS:                                                                                                                                        

Successful bidders must 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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