Pipeline Announces "PowerServe" Service and Open Season Aimed At Marketers Supplying Power Plants
September 10,2015
Tennessee Gas Pipeline Company, L.L.C. announced the start of its non-binding PowerServe open season, which it called a new, customized, flexible firm service designed to meet the unique needs of gas-fired generators specifically in the Northeast and New England.
PowerServe firm service will utilize assets of TGP’s proposed Northeast Energy Direct Project (NED), including regional storage, line pack and legacy TGP facilities across its existing broad Northeast market footprint.
TGP is offering up to 740,000 dekatherms per day of natural gas transportation capacity in the open season. The amount of capacity and specific assets required to provide the no-notice and non-ratable hourly service components of the PowerServe service will be determined following the close of the open season based on shipper interest as indicated in submitted service request forms (SRFs).
Among the planned terms and conditions, TGP’s PowerServe will provide enhanced hourly flow rights and no-notice service so gas-fired generators can flow gas without confirmation of upstream supply. The no-notice component will be available under either a Storage Service option or an Automatic Park and Loan option, both of which will be supported by regional storage and/or line pack. PowerServe is intended to be subscribed by power plant operators or by customers serving power plant operators such as electric distribution companies, natural gas marketers or aggregators.