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Notice of Open Season 188
OS188 - LONG TERM FIRM TRANSPORTATION CAPACITY FROM TRANSCO LEIDY

STATUS IS:
CLOSED

POSTED: 7/30/2013
TERM:7/30/2013
- 8/12/2013
8/1/2013 - OS 188 package volumes revised; Wharton added as primary receipt point.

8/7/2013 - OS 188 extended until 4:00PM EST on 8/12/2013

8/8/2013 - OS 188 package volume reduced to 13,482 Dth/d

8/13/2013 - Bids are currently being evaluated.

8/26/2013 - Bids for Open Season capacity have been awarded in Pkg 1,2&3.

NATIONAL FUEL GAS SUPPLY CORPORATION - Revised

OPEN SEASON - OS 188

 

LONG TERM FIRM TRANSPORTATION CAPACITY FROM

TRANSCO–LEIDY AND TRANSCO-WHARTON

 

National Fuel Gas Supply Corporation (“National Fuel”) is pleased to announce the commencement of an Open Season for firm transportation capacity available under National Fuel’s Firm Transportation Service (“FT”) and Firm Storage Transportation Service (“FST”)   rate schedules.  

 

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

 

 

PRIMARY RECEIPT POINTS:

  • Transco - Leidy (7126)
  • Transco – Wharton (6325)

 

PRIMARY DELIVERY POINTS:

  • Tennessee Gas Pipeline – Rose Lake (020527)
  • Millennium - Independence (2078)

  

AVAILABLE CAPACITY and TERM:

 

Package #1 

Year Round Capacity: 13,482 Dth/day from Transco-Leidy available August 15, 2013.  Shippers may request new FT capacity, or modifications (term extensions, increased capacity, elimination of discounts, or point changes) to existing FT or FST contracts, for any term.

 

Package #2

Year Round Capacity: 34,400 Dth/day from Transco-Leidy available November 1, 2013. Shippers may request new FT capacity for a term of at least 12 months. The firm transportation services offered in Package #2 require minor facility enhancements.

Package #3

Year Round Capacity: Approximately 100,000 Dth/day from Transco-Wharton available November 1, 2013.  Shippers may request new FT capacity for a term of at least 12 months. The firm transportation services offered in this Package require minor facility enhancements, and the amount of capacity to be awarded in this Package #3 is subject to the amount of capacity awarded in Packages #1 and #2.  National, in its sole discretion, reserves the right to determine the appropriate amount of capacity to be awarded under this Package #3 based on system hydraulics and facilities limitations.

 

  • Note:  The total amount of capacity eligible to be awarded in this Open Season with deliveries to Millennium-Independence is limited to 63,785 dth/d.

 

OPEN SEASON TIMEFRAME:


Commences 3:00pm on July 30, 2013, and concludes at 4:00pm (ET) on August 12, 2013

BID FORMAT AND AWARD PROCESS:

During the Open Season period, National Fuel will accept requests for transportation service under National Fuel’s FT and FST rate schedules, as described in the Available Capacity and Term section.  All requests must be submitted using a Service Request Form (“SRF”).  A separate SRF must be submitted under each bid Package.  National will evaluate and award capacity for each Package independently, and Package #3 shall be awarded last.  

Requests for rate discounts or discounts of fuel and loss retention will not be accepted. Shippers may request all or part of the available capacity, and are allowed to revise their bids within the posting period. All acceptable requests will be ranked and the best bid(s) determined based on the highest net present value (NPV) of the reservation charge revenues, per unit of capacity (Dth/day) requested. For the purposes of evaluating NPV National Fuel shall consider the incremental revenue from requested new capacity or contract modifications (term extensions, increased capacity, or elimination of discounts) as allowed under the Available Capacity and Term section.  The NPV calculation will incorporate length of contract term and will utilize a monthly rate of 0.8% (9.6% annually) for discounting purposes. 

 

For each bid package, 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. 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 for each bid Package.

RATE INFORMATION:

Listed below are the current maximum tariff rates for the FT and FST services.:

 

Maximum Tariff Rate

FT/FST Rate Component

$3.7805 per Dth/day

Reservation Charge (monthly, applied to contract MDTQ)

$0.0135 per Dth

Commodity Charge (daily, applied to Dth quantity transported)

$0.0018 per Dth

FERC ACA Surcharge

0.54%

Current Fuel and Company Use/LAUF

$0.1378/dth

100% Load Factor Rate (excl. surcharges)

 

•  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 will be updated April 1, 2014

•  100% Load Factor Rate (excludes ACA surcharge and fuel)

CREDIT REQUIREMENTS:

Shippers will be required to demonstrate creditworthiness or provide a credit alternative acceptable to National Fuel.

 

OPEN SEASON BID PROCESS:

All requests must be submitted using an SRF.  Bidders may complete an SRF online or download the PDF version from the Forms section of our website at http://www.nationalfuelgas.com/supply/market/Forms/Forms.aspx, or obtain one by contacting our Marketing Department at 716.857.7740.  If not submitted online, the completed form can be, mailed or faxed to the address 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:

Terry Falsone – 716.857.7602

Joe Kolis – 716.857.7520

Gen Dispenza – 716.857.6945

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

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