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007932908
Texas Eastern Transmission, LP
Not a critical notice
08/07/2020
03:28:41 PM
11/05/2020
03:28:41 PM
99246
Initiate
Other
08/07/2020
03:28:41 PM


No response required


NOTICE OF AWARD OF FIRM CAPACITY


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Other
Notice of Award of Firm Capacity

August 7, 2020

Texas Eastern received a request for firm service under Rate Schedule FT-1 from Zone 1 to Zone 1; the Maximum Daily Quantity ("MDQ") is 1,000 Dth. The capacity has been awarded for a primary term beginning September 1, 2020 and ending December 31, 2023.

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 August 3, 2020 through August 7, 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 CITY WATER & LIGHT OF JONESBORO, ARKANSAS for firm service under Rate Schedule FT-1 from Zone 1 to Zone 1; the Maximum Daily Quantity ("MDQ") is 1,000 Dth. The capacity has been awarded for a primary term beginning September 1, 2020 and ending December 31, 2023.


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