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TSP/TSP Name:  6931794-NATURAL GAS PIPELINE CO. Critical: N
Notice Type Desc (1):  OTHER Notice Type Desc (2):  R-O-F-R NOTICES - TRANSPORT
Notice Eff Date/Time:  03/16/2017 8:26:08AM Notice End Date/Time:  12/31/2049 9:00:00AM
Post Date:  3/16/2017 8:26:08 AM Notice ID: 37203
Reqrd Rsp:  5 Notice Stat Desc:  INITIATE Prior Notice: 
Subject:  ROFRN0317-2
Notice Text:

 

NATURAL GAS PIPELINE COMPANY OF AMERICA LLC

ANNOUNCEMENT OF CAPACITY AVAILABILITY

SUBJECT TO RIGHT OF FIRST REFUSAL

FIRM TRANSPORTATION SERVICE

 

 

Posting Number: ROFRN0317-2

 

Posting Start Date: March 16, 2017

 

Posting End Date: April 17, 2017

 

 

 

The capacity set forth in this posting is available for bids,

subject to the current capacity holder's right of first

refusal (ROFR), as more fully described in Section 22.3 of the

General Terms and Conditions of Natural's tariff.

 

 

CAPACITY AVAILABLE

 

Rate Schedule: FTS

 

Date capacity will become available: September 1, 2017

Available Contract MDQ: 2800 Dth/d

 

Available Primary Point MDQ:

 

Receipt:

 

PIN NO.

Pin Name

Zone

MDQ (Dth/d)

3000

ONEOKGT/NGPL WOODWARD

MIDC

2800

 

 

Delivery:

 

PIN NO.

Pin Name

Zone

MDQ (Dth/d)

41025

BLK HILL/NGPL BEATRICE GAGE

MIDC

2800

 

 

 

CAPACITY SHAPING REQUIREMENT

 

A bidder desiring to bid on less capacity than the Available Contract MDQ will be required to bid for aggregate point and segment capacity in the same quantity ratio as the Available Contract MDQ above, if applicable. Such a bid must also reflect the same shaping of capacity by month and seasonal period as the Available Capacity.

 

RECEIPT AND DELIVERY POINT/ZONE LIMITATIONS

 

 

Consistent with the Capacity Shaping Requirement above, the aggregate point capacity included in the bid must reflect the following zone ratios, which correspond to the current capacity holder's zone ratios:

 

Receipts:

ZONE REQUIRED ZONE RATIO

 

Midcontinent 100%

 

Deliveries: 

ZONE REQUIRED ZONE RATIO

 

Midcontinent 100%

 

 

 

 

Alternate Receipt/Delivery Point Requirements

A bidder may bid receipt or delivery points which are different than the Available Primary Points indicated above, subject to the following requirements:

 

1. The aggregate receipt and delivery point capacity in the bid must comply with the required receipt and delivery zone ratios set forth above.

 

2. Any point included in the bid which is not included above as an Available Primary Point must not require more segment capacity than the corresponding Available Primary Point capacity, and must be in the same respective receipt or delivery zone as the corresponding Available Primary Point.

3. The receipt and delivery point capacity in the bid must be available as of the Posting End Date set forth above.

 

SFV RATE AND NEGOTIATED RATE FORMS

Bids may be submitted either in an SFV rate form or in the "negotiated rate" form set forth below. Any capacity award to a negotiated rate bidder will be subject to subsequent FERC approval of the negotiated rate transaction.

SFV RATE FORM

Bids submitted in an SFV rate form must contain a monthly base reservation rate within the minimum and maximum rates set forth in Natural's tariff which are applicable to the bid capacity.

NEGOTIATED RATE FORM

 

The negotiated rate form permitted in this ROFR posting consists of a Negotiated Fixed Monthly Base Reservation Rate and a Negotiated Fixed Base Commodity Rate. No other form of negotiated rate bid will be accepted, including without limitation any negotiated rate form which is based upon a formula. The Negotiated Fixed Monthly Base Reservation Rate and the Negotiated Fixed Base Commodity Rate will apply at all times to service provided to bidder, notwithstanding any changes in Naturals otherwise applicable maximum or minimum tariff base reservation rates.

 

Negotiated Fixed Monthly Base Reservation Rate. Bids submitted in a negotiated rate form must contain a Negotiated Fixed Monthly Base Reservation Rate which consists of a specified rate for every month included in the bid.

 

Negotiated Fixed Base Commodity Rate. For any bidder awarded capacity based upon a Negotiated Fixed Monthly Base Reservation Rate bid, the commodity rate to be charged by Natural will be a Negotiated Fixed Base Commodity Rate equal to Naturals applicable maximum tariff commodity rate in effect as of the date of this posting.

 

 

DAILY FIRM QUANTITY LIMITATION

 

For any capacity awarded to a bidder at a reservation rate, which is less than the applicable maximum rate set forth in Natural's tariff, such rate shall apply only to transportation service provided on a firm basis on any day up to a total aggregate daily firm transportation quantity, including any capacity release quantities, equal to the awarded Contract MDQ for such bidder. For any capacity awarded to a bidder under an SFV rate form at less than the applicable maximum rate set forth in Natural's tariff, all additional quantities transported on a firm basis on any day in excess of this daily firm quantity limitation shall be charged the applicable maximum base reservation rate set forth in Natural's tariff, as may be revised from time to time. For any capacity awarded to a bidder under a negotiated rate form at less than the applicable maximum rate set forth in Natural's tariff, all additional quantities transported on a firm basis on any day in excess of this daily firm quantity limitation shall be charged a base reservation and commodity rate equal to the greater of: (a) the 100% load factor equivalent of the Negotiated Fixed Monthly Base Reservation Rate and Negotiated Fixed Base Commodity Rate; and (b) the 100% load factor equivalent of the applicable maximum base reservation and commodity rates set forth in Naturals tariff, as may be revised from time to time.

 

 

BID RATE SECONDARY RECEIPT/DELIVERY POINTS

 

For any capacity awarded to a bidder, the bid reservation rate will apply to all secondary receipt points in the zones traversed by the primary path, including secondary receipt points to the extent permitted under the opposite leg rights provision of Section 5.5(a)(2) of the General Terms and Conditions of Naturals FERC Gas Tariff, as may be revised from time to time.

 

For any capacity awarded to a bidder, the bid reservation rate will apply to all secondary delivery points in the zones traversed by the primary path.

 

 

CURRENTLY APPLICABLE MAXIMUM MONTHLY BASE RESERVATION RATE FOR

AVAILABLE CAPACITY:

 

Peak Off-Peak

$4.05 $4.05

 

 

 

Monthly Base Rates are per Dth of Contract MDQ, and are exclusive of applicable surcharges.

 

EVALUATION OF ACCEPTABLE BIDS AND CAPACITY AWARD PROCEDURES

 

Any bids received in this ROFR posting shall be evaluated in accordance with all applicable provisions of Natural's tariff, as well as the NPV evaluation methodology applicable to Initial Open Season bid evaluations posted on Natural's DART System as of the Posting Start Date. For all acceptable bids with a contract term in excess of five years, only the first five years of such term shall be considered for purposes of NPV determination. In addition, for purposes of NPV determination, the value of any negotiated rate bid will be capped at the value of the same bid at the applicable maximum tariff rate.

 

In accordance with the provisions of Natural's tariff, Natural will convey the best acceptable bids, if any, to the current capacity holder. The current capacity holder at its election may match any bid in either an SFV or negotiated rate form. If the current capacity holder elects not to exercise its right of first refusal with respect to one or more such bids, then Natural will award capacity to bidders in this ROFR posting in accordance with the provisions of Natural's tariff.

 

CREDITWORTHINESS REQUIREMENT

 

All bidders must satisfy Naturals creditworthiness requirements, as stated in Section 16 of the General Terms and Conditions of Naturals FERC Gas Tariff, prior to submitting a bid. Any bid submitted which causes bidder to exceed bidders pre-determined level of creditworthiness is deemed an invalid bid. Potential bidders are encouraged to contact Naturals Credit Department prior to bid submittal to determine whether they have established sufficient credit for their bid.

 

BID SUBMITTAL REQUIREMENTS

Bids for the available capacity must be received by Natural no later than 2:00 p.m. Central Time on the Posting End Date in order to qualify for consideration. Bids should be faxed to the attention of Peter OConnor at (303)984-3118 using the form of the bid sheet set forth below.

 

Bids must contain all of the information required by the bid sheet. Incomplete bid forms received by Natural will be deemed invalid.

 

Bids which contain any conditions or contingencies which are not expressly permitted by this ROFR posting will be deemed invalid.

 

Each bidder must indicate in its bid, as part of the required bid information, whether it is willing to accept a prorated award of its bid capacity in the event that the capacity required for all acceptable bids received exceeds the available capacity and, if so, must also indicate bidder's minimum acceptable Contract MDQ.

 

 

 

Natural Gas Pipeline Company of America LLC

Right of First Refusal

 

Form of Bid Sheet

 

BID FOR CAPACITY SUBJECT TO RIGHT OF FIRST REFUSAL

 

Bidder's Name: _____________________________ GID #__________

 

Date: ____________________________________________

 

Posting Number: ROFRN0317-2

 

Rate Schedule: ____________________________________________

 

Term Start Date: ____________________________________________

 

Term End Date: ____________________________________________

 

Contract MDQ: ____________________________________________

 

If Bidder will accept less than the Contract MDQ bid, specify the Minimum Acceptable Contract MDQ: ____________ Dth per day.

 

Primary Point MDQ:

 

Receipt/Delivery Pin No., Name Point MDQ

 

__________________ _____________ ___________

 

__________________ _____________ ___________

 

__________________ _____________ ___________

 

Rate Form Bid (check one): SFV Rate ____Negotiated Rate____

 

MONTHLY BASE RESERVATION RATE

(per Dth of Contract MDQ:

 

 

 

PEAK OFF-PEAK

 

_____ _____

 

 

 

Is Bidder an affiliate of Natural (Y/N): _________

 

Bidders Address: ____________________________________________

 

____________________________________________

 

Bids for this capacity must be received by Natural before 2:00 P.M. Central Time on the Posting End Date in order to qualify for consideration. Bids should be faxed to Natural to the attention of Peter OConnor at (303) 984-3118. Bids are subject to the terms and conditions set forth in the applicable ROFR posting and Natural's FERC Gas Tariff.

 

Bidder Name: ________________________

 

By: _________________________________

 

Name: _______________________________

 

Title: ______________________________

 

Phone #/Fax # ( )________________________(__)________________

 

Email: