Millennium Pipeline Company, LLC. Capacity Release Quick Reference Millennium Pipeline Shipper Meeting

Transcription

1 Millennium Pipeline Company, LLC Capacity Release Quick Reference 2014 Millennium Pipeline Shipper Meeting

2 Types of Releases Per NAESB Requirements, the following are guidelines for Capacity Release: Biddable Releases Can be any term at any rate Can be pre-arranged Timeline for Posting (CST): 1. Post offer by 12pm 2. Post bid by 1pm 3. Match by 2:30pm Awarded at 1pm CST if no other bids exist 1. If another bidder out-bids a prearranged bidder, pre-arranged bidder will have until 2:30pm CST to match. 2. Capacity will then be awarded to the pre-arranged bidder after the match occurs. 3. If there is no pre-arranged bidder, ties will be assigned pro-rata allocated capacity. Non-Biddable Releases (pre-arranged) Must be 31 days or less or more than 1 year at Max Rate; or Can be an Asset Manager or Retail Choice release (no specific rate) Deadline for Posting to make capacity available by (CST): 1. Timely 10:30am 2. ID1 9am 3. ID2 4pm 4. EVE 5pm 2

3 Setting Up Your Release

4 Setting Up Your Release 1. Rel K Contract to be released 2. Rel St Date/End Date Beginning and end date (term) of the release the replacement shipper to have a contingency 17. Perm Rel check if this will be a permanent release 3. Post Period the amount of business days offer is posted (starts at 12pm 18. Repl. Shipper Indemnification If a replacement shipper does not pay CST); defaults to 1 an invoice, the releasing shipper is held responsible. This should be 4. Basis Seasonality choose recurrence pattern if seasonal release checked if the replacement shipper will be held responsible for the capacity (defaults to 1/1-12/31 ) (this must be agreed by both parties) 5. Max Offer Qty - max amount to be released 19. All Re-rel check this box if you will allow the replacement shipper to rerelease this capacity to another shipper 6. Min Offer Qty - minimum amount to be released (to release all of the max capacity, enter the same volume in each field; to release any portion of the 20. Mkt Based Rate Ind check this when entering a market-based rate capacity select the lowest amount you wish to release) 21. Inv. Storage Cap. Rel. This should be checked on storage releases if 7. Rate Form/Type: whether release is at a Reservation (monthly) rate or Volumetric (daily) rate shippers are releasing volume they currently have injected into storage 22. Stand-aln Offer check this box if this is a single offer (not coupled with 8. Rel Acpt Bid Basis: Absolute Dollars, % Max Tariff Rate, IBR Bid %, IBR Bid Diff, IBR Bid Diff Floor (The way a shipper will enter a release a physical dollar amount, percentage, or index) another offer) 23. Repl SR Role Ind (drop down) Other = general release; AMA = Asset Manager Arrangement (one customer managing another s capacity via 9. Bid Eval Ind: Highest Rate, Present Value, Net Revenue, Releaser s release; Retail Choice = Retail Choice program, a state regulated program Method - How a bid will be evaluated requiring LDC s to release remaining capacity to marketers for customers 10. Bid Tie-breaking Method: Pipeline s Method; Releaser s Method - If there are two or more tying bids, the way the winner will be determined. After all information is entered, click Submit to save. An offer number will be generated (top left field). Pipeline s Method (NPV); Releaser s Method requires them to add a term with their method 11. Recall/Reput option to recall/reput the capacity (can choose certain cycles or all cycles to recall) 12. Offer Description brief description of the capacity you are offering 13. Releaser Contact Info your contact information (can choose not to disclose your information by unchecking the Disclose Contact Ind box 14. Min Rate Discl Box check this box if you would like bidders to see the minimum rate (if discounted capacity) 15. Rel SR Contng check this if the releasing shipper has a contingency on the offer 16. Allow Contingent Bids check this if releasing shipper is willing to allow 4

5 Setting Up Your Release Locations Tab On this tab, you will enter the Location information (the receipt and delivery points that you will be releasing). 1. Click the New button on the screen above the Location information. 2. On the left side of the screen under Loc Prop, click on the ellipses to look up the releasable locations. 3. Choose the receipt point(s) and the delivery point(s). 4. Fill in the Max Offer Qty and the Min Offer Qty (volume should add up to the same volume that was entered on the Main Info Tab). 5. Click the Submit button to save, and move to the Rates Tab. Rates Tab On this tab, you will enter the Rate information. 1. Click in the Max Rate Ind field to get drop down, and select Yes or No. 2. If Yes is selected, the max tariff rate will automatically populate. (This is a new enhancement to Navigates.) 3. If No is chosen (indicating that a discounted rate will be offered), enter the MONTHLY rate into the Enter Amount box. 4. Apply to MR/MD must be Yes or No (Select Yes if a discounted rate applies to all points; No if it only applies to the primary path selected on the Locations Tab). Please contact your Customer Services Representative should you have any questions or concerns regarding how this applies to your release. 5. Click the Submit button to save, and move to the Terms/Notes Tab. 5

6 Setting Up Your Release Terms/Notes Tab On this tab, you will enter any notes or special terms for the release. Some notes are required depending on the terms of the release. For example, Asset Management, Retail Choice, Recallable or Contingency releases require notes. 1. Click New on the screen. 2. From the drop down next to Comment Type, choose the type that applies (ie recallable = RC). 3. Enter a brief comment. 4. Click the Submit button to save, and move to the Prearranged Bid Tab if applicable. Prearranged Bid Tab On this tab, you will indicate whether the deal will be prearranged, to whom and whether it will be biddable or nonbiddable*. *Remember only certain types of releases can be nonbiddable. 1. Click in the Max Rate Ind field to get drop down, and select Yes or No. 2. If Yes is selected, the max tariff rate will automatically populate. (This is a new enhancement to Navigates.) 3. If No is chosen (indicating that a discounted rate will be offered), enter the MONTHLY rate into the Enter Amount box. 4. Apply to MR/MD must be Yes or No (Select Yes if a discounted rate applies to all points; No if it only applies to the primary path selected on the Locations Tab). Please contact your Customer Services Representative should you have any questions or concerns regarding how this applies to your release. 5. Click the Submit button to save, and move to the Terms/Notes Tab. 6

7 Bidding on Capacity Bidding On or Matching Released Capacity Log into Navigates, then go to: Customer Activities>Capacity Release>Offers>Shipper Release Input the Offer Number and click Retrieve. Click on the line to open the offer. To Claim: To Match: 1. Click on the Bid button above the Bid Associations grid which will take you to the Main Info tab of the Bid. 2. Under the Bid Data section in the lower portion of the tab, complete the required fields indicated with a red square in right corner of input box. 3. Bidder Term End Input the requested contract end date 4. Bid Qty-K Defaults to Max Offer Qty. Change as appropriate. 5. Bid Min Qty-K Defaults to Max Offer Qty. Change as appropriate. 6. Bidder Contact Name 7. Bidder Phone 8. Bidder 9. Click on the Submit Button to save the information 10. Complete the appropriate fields on the Locations tab. 11. Enter the rate on the Rates tab if necessary (most often the releasing party will have this completed). Submit to save. 12. Go to Screen Functions (Next to Customer Activities) and click "Post Bid" 1. Follow the steps to take you to the Main Info Tab of the Bid 2. Click on the Match Bid tab 3. Click in the Bid button in the grid 4. Fill in the quantity and select Match 7

8 Posting Your Release After checking all tabs to make sure information is correct, post the release by going to Screen Functions then Post Offer. NOTE: If late changes are needed, simply make the changes, click Submit and re-post the offer. The offer can be withdrawn by going to Screen Functions and Withdraw Offer ; however, this IS NOT an editing function. Once withdrawn, the offer will need to be reentered and posted. Once a bid has been posted to the offer, no changes can be made. 8