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TSP/TSP Name:  1939164-TENNESSEE GAS PIPELINE Critical: N
Notice Type Desc (1):  TSP CAPACITY OFFERING Notice Type Desc (2):  TSP CAP OFFERING
Notice Eff Date/Time:  01/28/2019 1:00:24PM Notice End Date/Time:  12/31/2049 9:00:00AM
Post Date:  1/28/2019 1:00:24 PM Notice ID: 370306
Reqrd Rsp:  5 Notice Stat Desc:  TERMINATE Prior Notice:  370243
Subject:  SUCCESSFUL BIDDER - OS #1198
Notice Text:

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

SERVICE REQUESTOR:         Freepoint Commodities LLC    

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

SERVICE REQUESTOR:         Freepoint Commodities LLC    

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