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Notice of Open Season 208
OS208 - Long Term Firm Storage and Firm Storage Transportation Capacity

STATUS IS:
CLOSED

POSTED: 3/13/2015
TERM:3/13/2015
- 3/20/2015
4/6/2015: Capacity remains available on a post open season basis. Please contact your marketing representative for more information.

National Fuel Gas Supply Corporation  

OPEN SEASON 208

LONG TERM FIRM STORAGE AND FIRM STORAGE TRANSPORTATION CAPACITY

National Fuel Gas Supply Corporation (“National”) is pleased to announce the availability of 1,049,470 Dth of firm storage service and associated firm transportation service under its Firm Storage Service (“FSS”) and Firm Storage Transportation (“FST”) Rate Schedules. 

OPEN SEASON TIMEFRAME:

Commences on March 13th, 2015 and expires at 4:00PM EST on Friday March 20th, 2015.

TERM REQUIREMENTS:

The Storage and Transportation Services would commence April 1, 2015 and continue through any subsequent March 31.  There is no minimum or maximum term requirement.

CAPACITY:

CAPACITY

MDIQ (Dth/d)

MDWQ (Dth/d)

1,049,470

5,352

11,972

 

INJECTION & DELIVERY CHARACTERISTICS:

 

FSS SERVICE

MAXIMUM STORAGE QUANTITY (MSQ) INVENTORY

INJ/WD Rights

   INJ/WD Quantities   (Dth/d)

Injection Period

April 1 - Oct 31

From greater than 0%-79%

From greater than 79% to 100%

1/196 of MSQ

1/200 of MSQ

5,352

5,247

Withdrawal Period

Nov 1 - Mar 31

From greater than 55% to 100%

From greater than 20% to 55%

 From greater than 0% to 20%

1/88 of MSQ

 

1/151 of MSQ

 

1/151 of MSQ

11,972

 

6,950

 

6,950

 

RATE INFORMATION:

Bids will be accepted under National's FSS and FST rate schedules. The maximum tariff rates under the FSS and FST Rate Schedules are listed in the tables below.

FIRM STORAGE SERVICE (FSS):

Component

Maximum Tariff

Demand (monthly, applied to withdrawal deliverability)

$2.4826 per Dth/d

Capacity (monthly, applied to capacity)

$0.0381 per Dth

Injection/Withdrawal

$0.0391 per Dth

ACA Commodity Surcharge (injection and withdrawal)

$0.0012 per Dth

 

FIRM STORAGE TRANSPORTATION (FST):

Component

Maximum Tariff

Reservation (monthly, applied to MDWTQ)

$3.7805 per Dth/d

Commodity

$0.0135 per Dth

ACA Commodity Surcharge (applied to all transportation)

$0.0012 per Dth

 

FUEL and LOSS ALLOWANCE:

Storage Operating and LAUF Allowance, and Transportation Fuel and Company Use Retention and Transportation LAUF Retention will apply and will be subject to change under  GT&C Section 41 of National’s tariff.

For informational purposes, National’s allowances as of April 1st, 2015 are as follows:

FSS: Storage Operating and LAUF Allowance of 0.46% on injection, and 0.46% on withdrawal.

FST: On withdrawal, there is no charged Transportation Fuel and Company Use Retention and Transportation LAUF Retention (collectively “Transportation Fuel/LAUF”). On injection and non-storage transportation, the current Transportation Fuel/LAUF is 0.96%.

AVAILABLE RECEIPT and DELIVERY POINTS:

Point Name

Meter Number

FST Injection Capacity (Dth/d)

FST Withdrawal Capacity (Dth/d)

TCPL Niagara

421079

5,352

 

TGP Clarence

420497

5,352

 

Empire pendleton

012003020

5,352

 

TGP East Aurora

420077

5,352

 

DTI Ellisburg Station

41202

5,352

 

TGP Rose lake

420527

5,352

11,972

Transco leidy

7126

 

11,972

Transco Wharton

6325

5,352

11,972

Millennium Independence

2078

 

11,972

 

Note: Successful bidders holding existing EFT contract(s) may be able to access points not listed in the table above by requesting and being granted contractual EFT modifications that change a non-storage receipt/delivery entitlement to a storage receipt/delivery entitlement.  Please contact your NFGSC Marketing Representative for additional details. 

BID FORMAT, BID RANKING, and CAPACITY AWARD:
Shippers may request all or part of the available capacity, and are allowed to revise their bids within the posting period.  Requests for rate discounts will not be considered in this open season. Bids will be ranked according to the net present value (NPV), per unit of storage capacity, of the sums of the FSS capacity charges, FSS demand charges and FST reservation charges as derived above.  The NPV calculation will incorporate length of contract term and will utilize an annual rate of 9.6% for discounting.  The "Storage Component" of a bid shall be the NPV, per unit of storage capacity, of the FSS capacity charge and FSS demand charge.  In the event that a customer bids for FSS service only and its bid is equal to the Storage Component of another bid or bids requesting both FSS and FST service ("Comparable Combined Service Bid"), the FSS only bid shall be considered equal in value to the Comparable Combined Service Bid with the highest value.  In the event that National receives two or more bids of equal NPV per unit of storage capacity, a ratable capacity allocation shall be determined, subject to other conditions in this posting.  Bids that are prorated for any reason are considered to have been awarded at the reduced MSQ.

An NPV ranking will be established across all bids and capacity will then be awarded utilizing a highest-to-lowest NPV methodology. 

The FST receipt and FST delivery point capacities represented in the Available Receipt & Delivery Point Table reflect the total capacity available based on the 88 Day Character of Service.   Each awarded bid may reduce the amount of remaining FST receipt or FST delivery point capacity available for subsequent awards.  Should this occur, National and bidder reserve the right to mutually agree to alternative primary FST points and/or a prorated amount of storage capacity.

CREDIT REQUIREMENTS:

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

EXECUTION OF AGREEMENTS:

Successful bidders will be required to execute and return the Service Agreements resulting from this Open Season within 30 days of receipt. 

BID DOCUMENTS:

Two documents must be submitted with all Open Season requests:  a Service Request Form, and a Bid Sheet.  Both documents are available on our web site (www.nationalfuelgas.com) or by calling our Marketing Department @ 716.857.7740. The completed forms should be submitted online, 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

 

NFGSC  Marketing Representatives:

 

Terry Falsone – 716.857.7602

Joe Kolis – 716.857.7520

Anthony Limina - 716.857.7924

 

 

Contact Our Marketing Department

Return to Open Season Index

 

 

 


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