DATE: September 6, 2024                                                                                                         TIME: 10:00 AM CT

TO:          ALL TENNESSEE GAS PIPELINE COMPANY, L.L.C. CUSTOMERS

RE:          AVAILABLE FIRM CAPACITY (OPEN SEASON POSTING #1392 - REVISED

Tennessee Gas Pipeline Company, L.L.C. (“Tennessee”) is holding this Open Season in accordance with Article XXVI, Section 5 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 1:00 PM on Tuesday, September 3, 2024 and ending at 2:00 PM on Tuesday, September 10, 2024 (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.

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

1.                   To reject bids at less than Tennessee's applicable Base Reservation Rate or applicable Base 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 Tennessee shall have no obligation to do so.

4.                   On a not unduly discriminatory basis, to reject any bid or service request that, in Tennessee'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 Tennessee 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 negotiated rate bids. 

11.                To reject contingent bids.

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 Tennessee'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).  All bids submitted during this Open Season may be replaced with higher net present value (“NPV”) bids during the Open Season Period. Bids cannot be replaced with lower NPV bids. Upon completion of this Open Season, all remaining bids will be considered binding until a successful bid(s) has been awarded.

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

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

En = summation of months 1 through n (Sigma)

n = term in months

R = incremental monthly revenue

i = monthly discount factor of 0.8333%

Tennessee 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). 

Chris Brown          (713) 420-6201

Britton Burr          (713) 420-6838

Kevin Cofer        (713) 420-7010

Allison Kaczynski  (713) 420-2414

Scott Minear         (713) 420-5177

Aaron O'Reilly      (713) 420-2418

Jerimiah Ortiz       (281) 309-4608

Greg Pollard          (713) 420-7149

E-mail                     TGPBidroom@kindermorgan.com