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 Notice Status Description:   Initiate
 Prior Notice Identifier:  
 Notice Type Description:  TSP Capacity Offering
 Critical?:  N
 Notice Effective Date/Time:  08/31/2017 16:00:00
 Subject:  Iroquois Gas Announces an Open Season
 Notice Text:
  Iroquois Gas Transmission System, L

Iroquois Gas Transmission System, L.P. is pleased to announce an Open Season under Section 3 of its Rate Schedule RTS commencing at 4:00 p.m. ET on Thursday, August 31, 2017, and concluding at 4:00 p.m. ET on Friday, September 8, 2017.  The terms and conditions under which this capacity is being offered are discussed below.

 

Type of Service

RTS Eastchester

Maximum Daily Quantity

10,000   Dth/day

Term

November 1, 2017 – April 1, 2018

Primary Receipt Point

Brookfield

Primary Delivery Point

Waddington

Negotiated Demand Rate

See Negotiated Rate Formula below

Commodity Rate

Maximum Applicable Rate

 

All bids submitted during the open season must indicate the Open Season Notice ID number in which they are participating. 

 

All bids submitted during the Open Season may be withdrawn and/or replaced with a higher present value (PV) bid during the open season period.

 

Bids cannot be replaced with lower PV bids. 

 

Iroquois reserves the right to reject negotiated rate bids.

 

Iroquois reserves the right to reject bids with deviations in monthly MDQs.

 

The service provided shall be Backhaul and Exchange transportation service, and therefore, service is dependent on offsetting forwardhaul service.

 

Iroquois reserves the right to reject contingent bids.

 

Iroquois reserves the right to agree to discounted rates on a point and volume specific basis.

 

Upon completion of this Open Season, all other bids will be considered binding until a successful bid(s) has been awarded.

 

The Demand and Commodity Rates specified above for the Package described herein represent the minimum acceptable Demand and Commodity Rate that Iroquois is willing to accept for the capacity and the terms underlying the respective Package.

 

Shippers may not bid a term of service less than the term specified above.

 

Capacity will be awarded based on the highest total present value bid.   

 

Negotiated Rate Formula:  Pricing Source:

Receipt Point Index Price (“RPIP”):  For receipts at Brookfield, the RPIP shall be the price reported in Gas Daily’s “Midpoint” for “Algonquin, city-gates” in the “Northeast” section of the “Daily Price Survey ($/MMBtu)”.  For receipts at all other points, the RPIP shall be $0.25/Dt.

Delivery Point Index Price (“DPIP”):  For deliveries to points north of Brookfield using Brookfield as the receipt point, the DPIP shall be the price reported in Gas Daily’s “Midpoint” for “Iroquois, receipts” in the “Northeast” section of the “Daily Price Survey ($/MMBtu)”.   For deliveries to points south of Brookfield in combination using Brookfield as the receipt point, the DPIP shall be $100.00/Dt.  The DPIP applicable to all delivery points using a non-Brookfield receipt point shall be $100.00/Dt.

 

In the event that Gas Daily is not published, the index prices for the immediately following publication day shall be used.  Otherwise, Transporter and Shipper shall use the Gas Daily Midpoint published covering the period of the Gas Flow Day.

 

Measurement Variance/Fuel Use:  For purposes of calculating the Daily Demand Rate, the Measurement Variance/Fuel Use Factor is converted from a percent to decimal and the assumption is that the dollars/cents equivalent of the factor is equal to the decimal form.

 

DMVFU=[RPIP/(1-MVFU)]*MVFU

 

Daily Demand Rate:  The applicable Daily Demand Rate shall be calculated on a daily basis as follows:  Daily Demand Rate shall equal 90% of [DPIP, less applicable, Transporter’s FERC Gas Tariff variable charges (including ACA, Commodity and Measurement Variance/Fuel Use Factor) less RPIP].  Notwithstanding the foregoing, in no event shall the Daily Demand Rate be less than $0.10/Dth.

 

At any time during the Term of the Agreement, Transporter and Shipper may mutually agree to amend the rate and establish a fixed Daily Demand Rate; however, prior to taking affect the amendment will be filed with FERC and be subject to its approval.

 

To the extent Transporter is unable to provide transportation services on any given day, the Daily Demand Rate for any nominated volume that is not ultimately scheduled shall be $0.10/Dth.  Otherwise, the Daily Demand Rate shall remain in effect for all scheduled gas.

 

 

 

 

This capacity is subject to an existing shipper’s pre-arranged deal.

 

 

Parties interested in this capacity should submit a binding Open Season Bid Form, which can be found at our website at http://www.iroquois.com/documents/OpenSeasonBidForm092015.pdf , to Maria Fairfield via facsimile at (203) 925-7296.  For further information, please contact Maria Fairfield at (203) 944-7004.

 

 

 

 Notice End Date/Time:  09/08/2017 16:00:00
 Reqrd Rsp Desc: Respond by specified Date and Time
 Response Date/Time:  09/08/2017 16:00:00
 Posting Date/Time:  08/31/2017 16:00:00
 Contacts:  Fairfield, Maria - (203) 944 - 7004
 Notice Identifier:  3643

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