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006951446
Algonquin Gas Transmission, LLC
Not a critical notice
08/26/2020
03:44:24 PM
11/24/2020
03:44:24 PM
99944
Initiate
Other
08/26/2020
03:44:24 PM


No response required


NOTICE OF AWARD OF FIRM CAPACITY


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Other
Notice of Award of Firm Capacity

August 26, 2020

Algonquin received a request for firm service under Rate Schedule AFT-1 for Maximum Daily Transportation Quantity ("MDTQ") of 10,000 Dth. The capacity has been awarded for a primary term beginning September 15, 2020 and ending October 31, 2022.

Pursuant to Section 2.5 of the General Terms and Conditions of Algonquin's FERC Gas Tariff, Algonquin held an open season for firm service under Rate Schedule AFT-1 from August 20, 2020 through August 26, 2020.

The open season stated that the capacity would be awarded to the bid generating the highest net present value. Net present value of $0 was determined based on the discounted cash flow of the revenues produced, lost or affected, based upon an annual interest rate of 3.43 %.

Based on the NPV calculation the winning bid was awarded to PSEG ENERGY RESOURCES & TRADE LLC for firm service under Rate Schedule AFT-1. The capacity is from meter 00201 (MAHWAH (BERGEN,NJ)) to meter 00840 (AGT TO TE HANOVER); for Maximum Daily Transportation Quantity ("MDTQ") of 10,000 Dth . The capacity has been awarded for a primary term beginning September 15, 2020 and ending October 31, 2022.


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