DATE: January 28, 2019 TIME: 1:00 PM
TO: ALL TENNESSEE GAS PIPELINE CUSTOMERS
RE: SUCCESSFUL BIDDER FROM AVAILABLE FIRM CAPACITY (OPEN SEASON #1198)
Tennessee held an open season in accordance with Article XXVI, Section 5 of the General Terms and Conditions of its FERC Gas Tariff, which commenced at 8:00 AM on Wednesday, January 23, 2019 and closed at 4:00 PM on Friday, January 25, 2019. All final bids received in compliance with the terms and conditions of the open season were evaluated on a Net Present Value (“NPV”) basis using the factors posted in the Open Season.
The winning bidder is not affiliated with Tennessee Gas Pipeline.
The winning bidder is as follows:
PROPOSAL #1
SERVICE REQUESTOR: Freepoint Commodities LLC
TERM: April 1, 2019 through October 31, 2019 DISCOUNTED: Yes VOLUME: 15,000 Dth/d RECEIPT POINT: 412181 – Iroquois/TGP Wright SMS Schoharie
DELIVERY: 420901 – BerkPwr/TGP Berkshire Power Sales Ham
NPV: $698,216
PROPOSAL #2
TERM: November 1, 2019 through March 31, 2020 DISCOUNTED: No VOLUME: 20,000 Dth/d RECEIPT POINT: 412181 – Iroquois/TGP Wright SMS Schoharie
DELIVERY: 420901 – BerkPwr/TGP Berkshire Power Sales Ham (7,000 Dth/d)
420285 – AGT/TGP Mendon Mass Tie Over Worche (13,000 Dth/d)
NPV: $632,624
PROPOSAL #3
TERM: April 1, 2019 through October 31, 2019 DISCOUNTED: No VOLUME: 43,933 Dth/d RECEIPT POINT: 420828 – Pooling Pt. – STA. 87 – Zone 1
DELIVERY: 420867 – Pooling PT – 200 Leg - Zone 4
NPV: $4,254,861
Total NPV: $5,585,701
For further information, please contact:
Kenny Durio (713) 420-5307
Adam Ledet (713) 420-4813
Scott Minear (713) 420-5177
Adrienne Reid (713) 369-8413