TSP Name: Northwest Pipeline LLC TSP: 67977322
Critical: N
Notice Stat Desc: INITIATE
Notice Type Desc: TSP CAPACITY OFFERING
Post D/T: 07/26/2022 8:54 AM MCT
Notice Eff D/T: 07/26/2022 8:54 AM MCT
Notice End D/T:
Reqrd Rsp Desc: No response required
Rsp D/T:
Notice ID: 22-110
Prior Notice:
Subject: Clarification - Soliciting Email Bids for Long Term Firm Capacity
Notice Text:
Northwest Pipeline
would like to clarify that the awarding of the 108,000 Dth/d of capacity as
posted for
competitive bid on July
20, 2022, for the available capacity Package 59-1, will be done on a per
dekatherm basis such
that the “Awarding Capacity” section of the posting is amended to read as
follows:
“Awarding Capacity
Northwest will only accept email bids for
the posted package of available Northwest capacity from
creditworthy shippers. Any duplicate bids
will be discarded.
The posted
capacity will be awarded to the shipper’s bid with the greatest economic value on
a per
dekatherm
basis.
Northwest will
determine the winning bid based on the total net present value of the
reservation charge bid
per dekatherm within (2) two business days of the close
of the bidding period. The net present value will
be computed
based on the reservation revenues to be received over the term of the Service
Agreement,
using the
discounted cash flow rate of return methodology.
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.
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
General Terms
and Conditions
(GT&C) Section 25 of Northwest’s Tariff
Northwest’s acceptance of Shipper’s bid
for this firm capacity will constitute a binding offer from
Shipper to Northwest for the capacity and
the terms and conditions posted herein. If any of the capacity is
awarded to Shipper, Shipper agrees to
submit a request in Northwest Passage within two (2) business
days of notification by Northwest.”
If you have any questions, please contact Gary
Venz at 713-215-3687.