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007932908
Texas Eastern Transmission, LP
Not a critical notice
09/03/2020
02:00:00 PM
09/10/2020
02:00:00 PM
100206
Initiate
Other
09/03/2020
02:00:00 PM


No response required


NOTICE OF REQUEST FOR FIRM SERVICE/OPEN SEASON


Notice Text:

Other
NOTICE OF REQUEST FOR FIRM SERVICE/OPEN SEASON

September 3, 2020

Pursuant to Section 3.11 of the General Terms and Conditions of Texas Eastern's FERC Gas Tariff, Texas Eastern has received a request for firm service under Rate Schedule FT-1. The requested firm capacity is available and will be awarded to the bid generating the highest net present value. Net present value for the requested capacity will be determined based on the discounted cash flow of the revenues produced, lost or affected, based upon an annual interest rate of 3.43 percent or the net present value of any longer path.

The requested capacity is from Zone 2 to Zone 1; the Maximum Daily Quantity ("MDQ") is 2,500 Dth. The term requested is to commence on November 1, 2020 and continuing through and including October 31, 2021. This open season will commence on September 3, 2020 and end at 2:00 p.m. CT on September 10, 2020.

Any customer or potential customer that desires to submit a bid during this open season may do so by logging into the LINK system and clicking on Contracts/NPV/NPV Bidding and entering the Posting ID 1732. All bids should include Reservation Rate and term and must be submitted no later than 2:00 p.m. CT on September 10, 2020.

TEXAS EASTERN RESERVES THE RIGHT TO REJECT ALL BIDS WHICH ARE FOR LESS THAN THE MAXIMUM RESERVATION RATE ON FILE FOR SERVICE UNDER RATE SCHEDULE FT-1 OR FOR ANY OF THE ADDITIONAL REASONS SET FORTH IN SECTION 3.11(c) OF THE GENERAL TERMS AND CONDITIONS OF TEXAS EASTERN'S FERC GAS TARIFF.


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