Northwest Pipeline LLC NOTICE #29169 SOLICITING ELECTRONIC BIDS FOR INDEX BASED DISCOUNTED CAPACITY posted on Sep 26 2019 5:43PM TSP Name: Northwest Pipeline LLC TSP: 67977322 Critical: N Notice Stat Desc: SUPERSEDE Notice Type Desc: TSP CAPACITY OFFERING Post D/T: 09/26/2019 5:14 PM MCT Notice Eff D/T: 09/26/2019 5:14 PM MCT Notice End D/T: Reqrd Rsp Desc: No response required Rsp D/T: Notice ID: 19-154 Prior Notice: 19-152 Subject: SOLICITING ELECTRONIC BIDS FOR INDEX BASED DISCOUNTED CAPACITY Notice Text:
Northwest Pipeline LLC (Northwest)
SUBJECT: SOLICITING COMPETING
BIDS FOR Discounted Short-Term FIRM
TRANSPORTATION CAPACITY ON
NORTHWEST PIPELINE'S SYSTEM
Northwest has posted the following package(s) of available firm TF-1
Large Customer transportation capacity to its Electronic Bulletin
Board (“EBB”) for competitive bid pursuant to the “Available
Capacity” provisions of Northwest’s Tariff.
NOTE: BIDS FOR POSTED CAPACITY WILL BE CONDUCTED ELECTRONICALLY
(AS NOTED IN THE PROCEDURE FOR BIDDING AND AWARDING THE
POSTED CAPACITY) AS AN OPEN BID ON NORTHWEST PIPELINE’S EBB. Please
contact 713-215-6301 or your Marketing Services Representative if
you encounter any problems with your EBB bid(s). Time deadlines are
electronically monitored and implemented.
Offer #20851
RECEIPT DELIVERY TOTAL INITIAL PRIMARY PREARRANGED
POINT POINT DTH/D CONTRACT TERM OFFER____
Ignacio Plant Kern River 9,889 10/01/2019 – 10/6/2019 Yes
Min. Acceptable Bid: $0.05 Dth/d*
Min. Acceptable Bid Vol: 1 Dth/d
Max. Acceptable Bid Vol: 9,889 Dth/d
Bid Open Date: 9/26/2019 10:45 AM (Mountain Time)
Bid Close Date: 9/26/2019 11:45 AM (Mountain Time)
Match Deadline: 9/26/2019 12:00 PM (Mountain Time)
Evergreen: No.
*Discount Conditions:Any acceptable reservation bid rate less
than the TF-1 Maximum Base Tariff Ratewillbe composed of the
following dailyreservation rate components:
(1) A fixed reservation rate at or above the minimum acceptable
reservation bid rate plus;
(2) 50% of any positive net daily spread where the “Net Daily
Spread” is defined as the difference remaining after the
following calculation for each day within the month:
a. The daily index price for Kern River Opal Midpoint Price, as
published by Platts Gas Daily;
b. Minus the daily index price for El Paso Bondad Midpoint
price, as published by Platts Gas Daily; and
c. Minus the TF-1 base tariff volumetric rate;
d. Minus the TF-1 in-kind fuel reimbursement valued at the
daily index price for El Paso Bondad Midpoint Price, as
published by Platts Gas Daily multiplied by the currently
effective TF-1 fuel rate as identified in Northwest’s FERC Gas
Tariff;
e. Minus the fixed reservation rate.
f. Equals the “Net Daily Spread”
The “Combined Daily Rate” equals the Fixed Reservation Rate plus
the Net Daily Spread.
The Combined Daily Rate will be no lower than the minimum and no higher
than the Maximum Base Tariff Rate and remains applicable no matter which
receipt and delivery locations are used by Shipper or by Replacement
Shipper(s).
PROCEDURE FOR BIDDING AND AWARDING
THE POSTED CAPACITY
Northwest will only accept electronic bids (see instructions below) for
all of the posted package(s) of available transportation capacity.
Duplicate bids will be discarded. Maximum rate bids will be accepted
for any primary contract term, subject to available capacity. The
posted capacity will be awarded to the shipper’s bid with the greatest
economic value, subject to the pre-arranged shipper’s one-time right to
match the highest bid(s).
The economic value of each bid will be determined on a present value
basis. In case of a tie, each tied shipper will have the right to improve
its bid by submitting an improved bid within 24 hours of the bid close
time. Such improved bids shall be submitted electronically through
Northwest Passage.
If a tie still exists, such capacity shall be awarded on a pro-rata basis
to the shippers indicating a willingness to accept a pro-rata share. All
bidding and awarding will be conducted in accordance with sections 25.3
and 25.4 of Northwest’s Tariff.
INSTRUCTIONS FOR CREATING AN ELECTRONIC BID FOR
NORTHWEST’S FIRM CAPACITY
OFFERS
1. Select “CONTRACTS” folder in Northwest Passage.
2. Select “TSP Capacity Offering” folder.
3. Select “Offer List” screen and click “Retrieve”.
4. You can review current bids posted for each offer in the lower
portion of the screen after highlighting the specific offer.
5. Select the offer you are interested in bidding on and right mouse
click to create a bid. The screen will bring up the contract request
screens and allow you to review the conditions of the offer and place
your bid. If you would like to create a bid for this offer, enter the
terms of your bid by navigating through the screens and entering the
terms of your offer. You may modify the end date and volume of a
maximum rate offer.
6. Select “VALIDATE”. If an error appears on the screen, the error
will need to be corrected and the data will need to be validated again.
Upon successful validation, you may select “SUBMIT”. Review the
contract and select “EXECUTE” to execute the contract and submit your
bid (The timestamp of your bid is based on when you click the “EXECUTE”
button). Note the bid number and select “CLOSE” to exit the screen.
To improve or review your bid(s), highlight the offer, right click and
reselect the “Create Bid” option. To withdraw your bid(s), highlight
your bid in the lower portion of the screen, right click and select the
“Withdraw” option. If a change to your bid is not submitted in time,
your previous, successfully submitted bid will be used for the award
process.
NOTE: After each selection, always select “RETRIEVE” on screen to get
the latest status.