NATURAL GAS PIPELINE COMPANY OF AMERICA LLC
ANNOUNCEMENT OF CAPACITY AVAILABILITY
SUBJECT TO RIGHT OF FIRST REFUSAL
NOMINATED FIRM STORAGE SERVICE
Posting Number: ROFRN1218-2
Posting Start Date: December 14, 2018
Posting End Date: January 14, 2019
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: NSS
Date capacity will become available: May 1, 2019
Available Contract MDQ: 26,667
Available MSV (MDQ x 75): 2,000,025
Available Amarillo Leg MDQ (% of Contract MDQ): 100%
Available Gulf Coast Leg MDQ (% of Contract MDQ): 0%
CURRENTLY APPLICABLE MAXIMUM MONTHLY BASE RESERVATION RATE FOR AVAILABLE CAPACITY:
$ 2.79/Dth of Contract MDQ
The Maximum Monthly Base Reservation Rate is 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 accordance with the provisions of Natural's tariff, Natural will convey the best acceptable bids, if any, to the current capacity holder. 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 REQUIREMENTS
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 will be 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.
DISCOUNTED RATE QUANTITY LIMITATION
Any award of capacity to any bidder at a rate which is less than the applicable maximum rate shall only have such discounted rate apply to a total daily quantity, including any capacity release quantities, equal to the awarded Contract MDQ, and to a total maximum storage quantity, including any capacity release quantities, equal to the awarded Contract MDQ times seventy-five (75).
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 emailed to NGPLMARKETING@KINDERMORGAN.COM 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.
The respective Available Amarillo and Gulf Coast Leg Percentages set forth in this ROFR posting will apply to the Contract MDQ included in each bid.
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 the Bidder's minimum acceptable Contract MDQ. To the extent that the Capacity Available includes both Amarillo and Gulf Coast Leg capacity, a bidder desiring to bid on less than all of the Capacity Available will be required to bid for the capacity in the same leg MDQ ratios, as set forth above for each Leg (Amarillo and Gulf Coast) under "Capacity Available".
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: _______________________________
Monthly Base Reservation Rate (per Dth of Contract MDQ): $____________
Term Start Date: _______________________________
Term End Date: _______________________________
Contract MDQ: _______________________________
Contract MSV (MDQ x 75): ___________________________
If Bidder will accept less than the Contract MDQ bid, specify the Minimum Acceptable Contract MDQ: _____________________ Dth per day.
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 emailed to NGPLMARKETING@KINDERMORGAN.COM. 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: ____________________________________________________