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007932908
Texas Eastern Transmission, LP
Not a critical notice
09/10/2020
02:04:01 PM
12/09/2020
02:04:01 PM
100436
Initiate
Other
09/10/2020
02:04:01 PM


No response required


NOTICE OF AWARD OF FIRM CAPACITY


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Other
Notice of Award of Firm Capacity

September 10, 2020

Texas Eastern received a request for firm service under Rate Schedule FT-1 from Zone 2 to Zone 1; the Maximum Daily Quantity ("MDQ") is 2,500 Dth. The capacity has been awarded for a primary term beginning November 1, 2020 and ending October 31, 2022.

Pursuant to Section 3.11 of the General Terms and Conditions of Texas Eastern's FERC Gas Tariff, Texas Eastern held an open season for firm service under Rate Schedule FT-1 from September 3, 2020 through September 10, 2020.

The open season stated that the capacity would be awarded to the bid generating the highest net present value. Net present value was determined based on the discounted cash flow of the revenues produced, lost or affected, based upon an annual interest rate of 3.43 percent.

Based on the NPV calculation, the winning bid was awarded to NJR ENERGY SERVICES COMPANY for firm service under Rate Schedule FT-1 from Zone 2 to Zone 1; the Maximum Daily Quantity ("MDQ") is 2,500 Dth. The capacity has been awarded for a primary term beginning November 1, 2020 and ending October 31, 2022.


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