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Notice of Open Season 177
OS177 - LONG-TERM FIRM TRANSPORTATION CAPACITY from TRANSCANADA @ NIAGARA to LEIDY

STATUS IS:
CLOSED

POSTED: 9/1/2011
TERM:9/1/2011
- 9/13/2011
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.

National Fuel Gas Supply Corporation                     

OS177 LONG-TERM FIRM TRANSPORTATION CAPACITY from TRANSCANADA @ NIAGARA to LEIDY

CAPACITY:

National Fuel Gas Supply Corporation (“National Fuel”) is pleased to offer long-term firm transportation capacity from Niagara to Leidy beginning as early as November 2, 2011. 

 

 

RECEIPT POINT:

 

Primary Receipt Point

Meter
Number

Total Available
November 2, 2011

Total Available
April 1, 2012

TransCanada Pipelines - Niagara

010902

Up to 30,995 dth/d

Up to 33,795 dth/d*

   

*Includes 30,995 dth/d available 11/2/11.

 

DELIVERY POINT:

Primary Delivery Point (FT-3)

Meter
Number

Delivery Capacity

Available Date

Transco – Leidy

7126

Up to 30,995 dth/d

November 2, 2011

Transco - Wharton

6325

Up to 2,800 dth/d

April 1, 2012

 

OPEN SEASON TIMEFRAME:
Commences September 1, 2011 and extends until 11:00 a.m. (ET) on September 13, 2011.

 

Participation in this Open Season is non-binding for bidders and National Fuel. 

 

BID FORMAT AND AWARD PROCESS:

During the Open Season period, National Fuel will accept requests for this transportation service under National Fuel’s FT-3 rate schedule.  Requests for rate discounts will be considered.  No requests for discounts of fuel and loss retention will be accepted.  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% 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.

 

RATE INFORMATION:

Listed below are the current tariff rates for Firm Transportation Service for NIAGARA TO ZONE 3 (FT-3):

 

FT-3 Rate Component

Maximum Rate

Reservation Charge

$6.1038 per Dth/day

Commodity Charge

$0.0013 per Dth

FERC ACA Commodity Surcharge

$0.0019 per Dth

Fuel and Company Use/LAUF

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 and Company Use/LAUF (delivered volumes are receipt volumes less 1.4% Fuel and Company Use/Transportation LAUF  retentions)

 

•  100% Load Factor Rate (excludes ACA surcharge and 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), and include a Bid Sheet (BID177), 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 forms should be submitted online or via mail or fax as listed below:

 

National Fuel Gas Supply Corporation
6363 Main Street
Williamsville, NY 14221
PHONE: 716.857.7740
FAX 716.857.7310

National Fuel Marketing Representatives:

 

      Gen Dispenza – 716.857.6945               Joe Kolis – 716.857.7520
Terry Falsone – 716.857.7602

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 Fuel’s web site, http://www.nationalfuelgas.com/, under Marketing News and Offers.

 

 

 

 

Contact Our Marketing Department

Return to Open Season Index

 

 


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