Notice Detail
           
Return To Results
TSP/TSP Name:  938939154-TRANSCOLORADO GAS TRANS CO LLC Critical: N
Notice Type Desc (1):  TSP CAPACITY OFFERING Notice Type Desc (2):  CAPACITY FOR SALE
Notice Eff Date/Time:  12/14/2018 4:51:07PM Notice End Date/Time:  12/20/2018 9:00:00am
Post Date/Time:  12/14/2018 4:51:07 PM Notice ID: 118384
Reqrd Rsp:  5 Rsp Date: 
Notice Stat Desc:  SUPERSEDE Prior Notice:  118379
Subject:  TC South to North Open Season Supplement
Notice Text:
Motor vehicle bill of sale

TransColorado Gas Transmission Company LLC (TransColorado) is providing this update to the open season posted on December 12, 2018 (Notice ID: 118379).  This update modifies the open season to add additional secondary points of receipt and delivery. 

Open Season Notice of Available Firm Capacity on TransColorado: South to North

Bid Deadline – 2:00 PM Mountain Time, December 19, 2018

Portable Document Format (.pdf) file of Open Season: https://pipeline2.kindermorgan.com/PortalWeb/PortalDocs.aspx?code=TCP&parent=1600

TransColorado Gas Transmission Company LLC (TransColorado) is conducting a binding Open Season for existing available capacity as outlined below:

Rate Schedule:

FT

Volume:

95,000 Dth/day  Beginning April 1, 2019

Primary Point(s) of Receipt:

EP Blanco (36105)

Primary Point(s) of Delivery:

WIC YellowJacket Pass Greasewood (42223)

Parties that are interested in capacity from other primary points of receipts or to other primary points of delivery, or for other periods, are encouraged to contact their service representatives or any of the individuals listed below.

Secondary Point(s) of Receipt and Delivery:

The capacity offered in this Open Season will include the right to utilize the following points on a secondary basis at the same rate applicable to primary points:

Secondary Receipt Locations:  Williams Greasewood (36101), WRH Ryan Gulch (43886), Exxon Greasewood (40237), QPC Greasewood (36100), REX Love Ranch (42235), EP Blanco (36105), and TW Blanco (36106).

Secondary Delivery Locations:  TW Blanco (36106), EP Blanco (36105), Rex Love Ranch (42235), QPC Greasewood (36100), CIG Dark Canyon (41781), WIC Yellow Jacket (42223), and Southern Trails Blanco (40379).

Recommended Term:

TransColorado recommends that bids have a proposed beginning date of April 1, 2019 (although TransColorado reserves the right to reject any bid which fails to comport with the provisions of this open season).

Open Season Start:

                          End:

Award Notification Date:

10:00 AM MST, December 12, 2018

2:00 PM MST, December 19, 2018

4:00 PM MST, December 20, 2018  

Email attached Bid Sheet to KMWestBids@KinderMorgan.com

NOTE:  TransColorado will rely upon the time the bid is received to determine whether the bid was timely.  Bids that are received (as determined by the time stamp on the TransColorado's email inbox) after the end date and time listed above will be considered invalid bids and will not be eligible for an award of capacity in this Open Season.  TransColorado recommends that bids be submitted well in advance of the closing time listed above to minimize the risk that any email delay could cause a bid to be excluded from consideration.

General Open Season Requirements:

Bids must include the bidding party's name, Open Season Name (‘TransColorado South to North'), quantity, term, and rate.

 

By submitting a bid, the bidding party certifies that:

(a)  All information contained in the bid is complete and accurate.

(b)  It satisfies, or will be able to satisfy, all the requirements of TransColorado's FERC Gas Tariff.

(c)  The person submitting the bid has full authority to bind the bidding party.

 

The bid rate must be presented as: 1) the reservation rate per Dth/month, 2) the reservation rate per Dth/day (which will be converted to a Dth/month rate for the Transportation Service Agreement (TSA) by rounding to the fourth decimal the result of the formula (daily rate x 365)/12), or (c) the maximum tariff rate.

 

There will be no contractual right of first refusal (ROFR) offered with this capacity.

 

In addition to the bid rate, each bidding party shall be subject to the applicable maximum usage rate and maximum usage surcharges, all other maximum rates, charges and surcharges, including ACA, Fuel and L&U, and any other authorized surcharges assessed under the applicable Rate Schedule of TransColorado's FERC Gas Tariff as those amounts may be amended or superseded from time-to-time.  This includes incremental lateral charges and any third party charges resulting from the use of capacity that TransColorado may hold on other pipelines.

 

TransColorado reserves the right to reject negotiated rate bids, bids that have rates less than the maximum recourse rate, bids stated as the dollar equivalent of the current maximum recourse rate, bids that are incomplete, contain offers of varying rates within the term, contain additional or modified terms or are inconsistent with the provisions of TransColorado's FERC Gas Tariff.  TransColorado also reserves the right to reject bids for quantities that are not for the same quantity for the duration of the term.

 

TransColorado also reserves the right to seek clarification of bids that have what appears to be an obvious error.  Any clarification by bidders must be provided in writing and within the time requested by TransColorado.  Such clarifications shall be incorporated as part of the binding bid submitted by the bidder.

 

TransColorado notes that FERC Order No. 894, in some cases, prohibits multiple affiliates of the same entity from bidding in an Open Season for capacity in which the pipeline may allocate capacity on a pro rata basis.  It appears to TransColorado that the restrictions imposed by FERC Order No. 894 will be applicable in this Open Season and FERC recommends that potential bidders review and adhere to the requirements of that FERC Order.

 

Creditworthiness Requirements:

 

The successful bidder(s) must satisfy the creditworthiness requirements of TransColorado's FERC Gas Tariff.  Bidders that fail to satisfy such creditworthiness requirements within a reasonable time will have their capacity award withdrawn.  TransColorado will treat the financial statements provided by bidders as confidential.

 

Each successful bidder and TransColorado shall enter into and execute a Transportation Service Agreement (TSA) reflecting the terms of its bid as awarded by TransColorado.  The TSA will be in the form contained in TransColorado's FERC Gas Tariff.

 

Evaluation Criteria:

 

If TransColorado receives acceptable bids for capacity in excess of the actual amount of available capacity, then TransColorado will award and/or allocate the capacity in a manner that yields the highest total PV as calculated below. In determining which bid(s) yield the highest total PV, TransColorado reserves the right to combine multiple bids, in whole or in part, in a manner that results in a total PV of the combined bids that exceeds the highest PV achievable by accepting one or more of the disaggregated bids. This process could result in a bidder being awarded less capacity than requested (unless such bidder elects on its bid sheet not to accept a pro rata allocation of capacity).

 

PV will be calculated as the sum of the present values for all of the months beginning with the first month capacity is available through the end date of the bid term.

 

The PV for each month will be calculated as follows:

 

PV = (R X Q)/((1+i) to the power of n)

Where:

R = the monthly reservation bid rate

Q = the monthly bid quantity

i = the monthly discount rate of 0.4133% (which is the annual discount rate of 4.96% divided by 12).

n = the number of months from the earliest date the capacity is available in the Open Season to the month the revenue will be received (the first month capacity is available n = 1, the second month n = 2, and so on).

 

Contact Information:

 

Questions concerning this Open Season should be directed to:

 

Randy Barton            (719) 520-4667

Mark Iverson             (719) 520-4587

Robin Janes              (719) 667-7555

Tim Mang                  (719) 520-4373

Damon McEnaney     (719) 520-4472

Dan Tygret                 (719) 520-3765


 

Open Season Bid Sheet

TC South to North

Form of Service (e.g., FT):__________

Email Bid To: KMWestBids@KinderMorgan.com

A.    Shipper Information

                        Legal Name of Bidder:  __________________________

                        Name of Requesting Party:  _______________________

                        Title of Requesting Party:  ________________________

                        DUNS Number:  ________________________________

                        Phone:  _______________________________________

B.    Term of Service (e.g., 2 Years):  ____________________________

Effective Start Date:  ___________________________________

Requested Term End Date:  _____________________________

 

C.   Contract Demand (CD):

Will you accept a pro rata allocation of capacity if necessary                Yes           NO

Primary Point(s) of Receipt

Maximum Daily Receipt Quantity Dth/Day

Primary Point(s) of Delivery

Maximum Daily Delivery Quantity Dth/Day

EP Blanco (36105)

 

WIC YellowJacket Pass Greasewood (42223)

 

Total Receipt Quantity

 

Total Delivery Quantity

 

 

D.  Bid Rate (express as a monthly rate per Dth, a daily rate per Dth, or maximum reservation rate):  $_________________

 

*By submitting a bid to TransColorado, the bidding party certifies that (a) all information contained in the request is complete and accurate, (b) it satisfies, or will be able to satisfy, all the requirements of TransColorado's FERC Gas Tariff, and (c) the person submitting the bid has full authority to bind the bidding party.

..