DATE: September 30, 2025                                                                                                                                       TIME: 9:00 AM CT

TO:          ALL STAGECOACH PIPELINE & STORAGE COMPANY LLC CUSTOMERS

RE:          AVAILABLE FIRM CAPACITY (OPEN SEASON POSTING #0002) 

Stagecoach Pipeline & Storage Company LLC (“Stagecoach”) is holding this Open Season in accordance with Section 6.10.2 of the General Terms and Conditions of its FERC Gas Tariff (as it may be in effect from time to time, the “Tariff”), commencing at 9:00 AM CT on Tuesday, September 30, 2025 and ending at 2:00 PM CT on Monday, October 6, 2025 (the “Open Season Period”). Unless otherwise indicated, capitalized terms that are used but not defined herein shall have the meanings ascribed to such terms in the Tariff.

Reservations:

Without limiting or waiving any other rights that Stagecoach may have with respect to this Open Season, Stagecoach reserves the following rights:

1.                   To reject bids at less than Stagecoach's applicable Max Reservation Rate or applicable Max Commodity Rate per Dth.

2.                   At any time during this Open Season, upon notice and in its sole discretion, to terminate this Open Season, to extend the Open Season Period, or to modify this Open Season.

3.                   To clarify and finalize bids containing non-specific and/or ambiguous bid information (including, without limitation, rate, term, and receipt or delivery points) or discrepancies in bid information, provided that Stagecoach shall have no obligation to do so.

4.                   On a not unduly discriminatory basis, to reject any bid or service request that, in Stagecoach's sole determination, is incomplete, is inconsistent with the terms of this Open Season, contains additions or modifications to the terms of this Open Season, is otherwise deficient in any respect (including failure to provide credit support as Stagecoach deems necessary), or requests service outside the scope of this Open Season.

5.                   To reject any bid that does not specify capacity within the path(s) posted above.

6.                   To reject bids received after the Open Season Period.

7.                   To award capacity to mutually agreeable alternate receipt or delivery points if capacity is unavailable at the meters specified in any bid.

8.                   To award capacity for a quantity less than the bid quantity, if sufficient capacity is not available to award the entire bid quantity. 

9.                   To reject any bid that will result in a reduction of reservation charges.

10.               To reject any bid that may detrimentally impact the operational integrity of Stagecoach's system. 

11.               To reject contingent bids, contingent bids, or bids that include conditions or provisions that Stagecoach determines, in its reasonable discretion, to be unacceptable.

In order to be considered eligible to be awarded capacity following this Open Season, each potential shipper must submit a bid that specifies terms, volumes, monthly rates, receipt points and delivery points that are consistent with the respective terms, volumes, monthly rates, receipt points and delivery points outlined above. All bids should refer to the Open Season number set forth above.  Available capacity volumes are contingent upon mainline, meter and lateral capacity. Bids cannot exceed the stated maximum volumes.  Parties interested in this capacity should submit binding Open Season Bid Forms by e-mailing their bid forms to TGPBidroom@kindermorgan.com.  Any party may confirm Stagecoach's receipt of its bid by contacting the Bidroom between 8 A.M. and 5 P.M. CT, Monday through Friday (unless such day is not a working day).  A bidder submitting a bid in this Open Season may replace such bid with a higher net present value (“NPV”) bid during the Open Season Period. Unless a bid is withdrawn by a bidder during the Open Season Period, all bids received during the Open Season Period remain binding on all bidders through the end of the Open Season Period. At the end of the Open Season Period, all bids either withdrawn by the bidder or not accepted by Stagecoach will become null and void.

All final bids for each Proposal received during this Open Season will be evaluated on an NPV basis using the following factors:

NPV/Dth = En[R*(1/(1+i)**n)]/Dth

En = summation of months 1 through n (Sigma)

n = term in months

R = incremental monthly revenue

Dth = TQ of contract

i = monthly discount factor of 0.8333%

Stagecoach reserves the right to accept any one bid or combination of bids that will result in the largest aggregate NPV for the aforementioned Proposal(s). 

Kevin Cofer        (713) 420-7010

Jerimiah Ortiz       (713) 420-2915

E-mail                     TGPBidroom@kindermorgan.com