Frequently Asked Questions
For Florida Gas Transmission Company
Capacity Release FAQ
Q: When can the rate on a capacity release transaction exceed Florida Gas’s maximum tariff rate?
A: The rate on capacity release transactions with a term of one year or less may exceed Florida Gas’s maximum tariff rate.
Q: How do I determine if a release may be non-biddable or if it must be biddable?
A: Prearranged releases for thirty-one days or less may be non-biddable subject to rollover rules. If the prearranged release is at less than maximum rate and for thirty-one days or less, the release may be non-biddable if twenty-eight days have elapsed since any prior non-biddable release at less than the maximum rate from the releasing shipper to the prearranged shipper on the releasing contract. Thirty-one days or less rollovers may be non-biddable if the rate is maximum tariff rate or above.
Prearranged releases that are asset management arrangements (AMAs) are exempt from bidding.
Prearranged releases to shippers participating in state-regulated retail access programs are exempt from bidding.
Prearranged releases at maximum tariff rate and with a term greater than one year are non-biddable.
Q: What is the timeline for submitting biddable offers?
A: Offers must be posted by 12:00 P.M. CCT (Central Clock Time) on a business day.
If the release term is one year or less, the minimum open season is one hour from 12:00 P.M. to 1:00 P.M. on a business day.
If the release term is for a period longer than one year, the minimum open season is three business days.
Q: What is the timeline for submitting bids on biddable offers?
A: On all biddable offers, bid periods end at 1:00 P.M. CCT on a business day.
Q: What is the timeline for submitting prearranged non-biddable releases?
A: The award posting timelines for prearranged non-biddable deals are:
| Timely Cycle |
10:30 A.M. CCT (11:30 A.M. nomination deadline) |
| Evening Cycle |
5:00 P.M. CCT (6:00 P.M. nomination deadline) |
| Intraday 1 Cycle |
9:00 A.M. CCT (10:00 A.M. nomination deadline) |
| Intraday 2 Cycle |
4:00 P.M. CCT (5:00 P.M. nomination deadline) |
Q: What are the deadlines for recalling and reputting capacity?
A:
| Timely Recall Notification |
8:00 A.M. CCT |
| Early Evening Recall Notification |
3:00 P.M. CCT |
| Evening Recall Notification |
5:00 P.M. CCT |
| Intraday 1 Recall Notification |
7:00 A.M. CCT |
| Intraday 2 Recall Notification |
2:30 P.M. CCT |
Reput Notification |
8:00 A.M. CCT prior to timely nominations |
Q: Does the rate include the commodity charges or fuel?
A: The rate indicated on offers, bids, and awards is the reservation rate only. The reservation rate includes reservation surcharges. In addition to the reservation charges, the replacement shipper will also be responsible for fuel and commodity charges.
Q: Who can a bidder call with questions?
A: Review the capacity release offer and, if there is a question regarding the offer, call the pipeline’s capacity release administrator.
Also, shippers anticipating bidding on capacity release transactions should be in contact with the pipeline’s credit department. For a bid to be valid, the bidder’s credit must be approved by the pipeline’s Credit Department.
To contact the Credit Department, please call the following:
| Paul Cherry |
713-989-2048 |
| Sandy Sheffield |
713-989-2049 |
Q: My bid status is displaying “credit pending”. Do I need to do anything?
A: No, the system sent your bid to the credit department for review. The credit department will approve or disapprove the transaction and the status will be updated on your home page.
Q: What is the default Bid Tie-breaking Method?
A: The FGT method is first-come-first-served.
To receive a pro rata portion of the capacity in the case of multiple winning bidders, the bidder must indicate with the Bidder Lesser Quantity Indicator that the bidder will accept an award for less than the full quantity, disclosed or undisclosed, and indicate the acceptable minimum quantity in the Bid Minimum Quantity-Contract data field.
Q: I acquired capacity. How do I get my new contract number?
A: View or print the award and you will find the new contract number on the Award Detail under Bidder Info by the data element name Capacity Award K.
Q: I acquired capacity and it is not showing up on my contract. Where has it gone?
A: If you expect capacity to roll up to a master contract, it has to be indicated on the offer otherwise, the system will generate a new contract number. Check the award under the “Master Nomination Contract” field to see if a new contract number is indicated or an existing master contract number.
Q: I missed the bid confirmation deadline. What do I do?
A: The transaction you were trying to confirm has expired. Contact the releasing shipper and ask that a new offer be submitted.
Q: On a prearranged biddable deal, how do I match a higher bid to retain the capacity?
A: On your home page, under Confirmation/Match, a revised bid is displayed. To view the bid, click on the bid number. To approve the match, click on the Confirm button. On the business day the bid period ends and the evaluation and awarding occur, the revised bid will be posted by the pipeline no later than 2:00 P.M. CCT. The match must be completed by the prearranged shipper no later than 2:30 P.M. CCT.
Q:I am looking for a historical offer/bid/award. Where can I find it?
A: From the menu bar, click on the Search menu item to utilize offer, bid, and award search options.
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