2029 NGTL Greater Edmonton Area Service Offering

2029 NGTL Greater Edmonton Area Service Offering (the “Offering”)

NGTL GP Ltd., as general partner on behalf of NGTL Limited Partnership (collectively “NGTL”), is holding a binding offering for Service under Rate Schedule FT-D for delivery of gas to Group 2 Delivery Points (“FT-D2”) or Group 3 Delivery Points (“FT-D3”) and Rate Schedule OS for extraction service at eligible locations (“OS-EXT”) in the vicinity of the corridor highlighted on the map provided below, as a result of new expansion Facilities (“Expansion Service”).

Estimated Expansion Service, Targeted Service Commencement and Term:

Total estimated Expansion Service:              approximately 275,000 GJ/day

Targeted service commencement date:      November 1, 2029

Term: 15 years (consisting of a minimum 5 year Primary Term with the remaining term to be Secondary Term)

Commencement of Service will be based on NGTL’s determination of expansion facility readiness.

How To Participate:

FT-D3 – Initial Service Offering (“ISO”)

The ISO is only available for prospective FT-D3 customers. The maximum Expansion Service available in the ISO is approximately 275,000 GJ/day with a targeted service commencement date of November 1, 2029. The ISO will commence on March 26, 2026 at 10:00am Mountain Time (“MT”) and close on March 30, 2026 at 10:00am MT (“ISO Closing Date”).

Prospective FT-D3 customers may participate in the ISO as follows:

1. Prospective FT-D3 customers shall submit a completed and executed ISO service offering request form (“ISO Request Form”) which can be accessed through this link. A completed and executed ISO Request Form must be sent by email to ab_ft_openseason@tcenergy.com prior to the ISO Closing Date.
2. Prospective FT-D3 customers must submit only one ISO Request Form per delivery point. While prospective FT-D3 customers may submit more than one ISO Request Form if more than one delivery point is desired, the total of all requests from a prospective customer, including requests from Affiliates[1], shall not exceed 275,000 GJ/day (the approximate amount of service being offered). Failure to meet this condition will result in all the prospective customer’s ISO Request Forms being rejected.
3. All ISO Request Forms submitted are irrevocable and binding.
4. Prospective customers must follow and complete all steps of the Deposit Process noted below.

FT-D2, FT-D3 and OS-EXT General Service Offering (“GSO”)

The GSO will commence on April 13, 2026 at 10:00am MT and close on April 20, 2026 at 10:00am MT (“Offering Closing”).

NGTL will communicate the results of the ISO via bulletin (expected to be posted by April 10, 2026) to advise prospective customers of the remaining available Expansion Service (“Remaining Expansion Service”) in the Offering prior to the commencement of the GSO. Any FT-D3 requests that are submitted as part of the GSO will be allocated service along with all other service types participating in the GSO without any preferential treatment.

Prospective FT-D2, FT-D3 and OS-EXT customers may participate in the GSO as follows:

1. Prospective customers shall submit a completed and executed GSO service offering request form (“GSO Request Form”) which can be accessed through this link. A completed and executed GSO Request Form must be sent by email to ab_ft_openseason@tcenergy.com prior to the Offering Closing.
2. The following conditions will govern how prospective customers may request service. Failure to meet these conditions will result in all the prospective customer’s GSO Request Forms being rejected:

1. Prospective FT-D2, FT-D3 and OS-EXT customers must submit only one GSO Request Form per eligible location. While prospective FT-D2, FT-D3 and OS-EXT customers may submit more than one GSO Request Form if more than one eligible location is desired, the total of all requests from a prospective customer, including requests from Affiliates¹, shall not exceed the total Remaining Expansion Service being offered.
2. If a FT-D2 request for service requires new customer specific facilities, the Requested Minimum Contract Demand in the GSO Request Form must be equal to or greater than 5,000 GJ/day and may not exceed the total Remaining Expansion Service being offered.

3. All GSO Request Forms submitted are irrevocable and binding.
4. Prospective customers must follow and complete all steps of the Deposit Process noted below.

Offering Allocation Process (“Allocation Process”)

ISO Allocation Process

If the aggregate requested contract demand is less than approximately 275,000 GJ/day, NGTL will allocate the requested contract demand to all requests. Any Remaining Expansion Service following the ISO will be made available as part of the GSO.

If the aggregate requested contract demand exceeds approximately 275,000 GJ/day, NGTL will allocate service on a pro rata basis using the requested contract demand of each request (“Pro-Rationing”). If Pro-Rationing results in service to be allocated that is below the minimum contract demand as set out in such ISO Request Form, that request will not be allocated service. Pro-Rationing will repeat until the service available in the ISO is fully allocated or no further requests can be allocated through Pro-Rationing.

Requests allocated service in the ISO Allocation Process will be subject to conditions noted below in the section “Awarding Expansion Service” and not considered awarded service until such time as a Project and Expenditure Authorization (“PEA”), Service Agreement (if required) and Schedule of Service have been issued to the prospective customer.

GSO Allocation Process[2]

Step 1:

1. If the aggregate requested contract demand is less than the Remaining Expansion Service offered, NGTL will allocate the requested contract demand to all requests.
2. If the aggregate requested contract demand exceeds the Remaining Expansion Service offered, NGTL will determine if the aggregate minimum contract demand of all requests can be met. If the aggregate minimum contract demand of all requests can be met, NGTL will allocate the minimum contract demand to all requests and any remaining service above the minimum contract demand of requests will be redistributed proportionately to all requests that have not been allocated their requested contract demand.
3. If the aggregate minimum contract demand of all requests cannot be met, NGTL will allocate service using Pro-Rationing. If Pro-Rationing results in service to be allocated that is below the minimum contract demand as set out in such GSO Request Form, that request will not be allocated service. Pro-Rationing will repeat until all service is fully allocated or no further requests can be allocated through Pro-Rationing.

Step 2:

If there is unallocated service and unallocated requests following GSO Pro-Rationing, it will be allocated using a first come, first served basis (“First Come First Served Allocation”), where remaining service is awarded first to the earliest request received whose minimum contract demand can be met, and in chronological order thereafter until no service or no requests remain. In the event multiple requests are received by NGTL between 10:00am and 11:00am MT on April 13, 2026 (the “60 Minute Window”) that can be allocated above their minimum contract demand, a lottery of those requests received in the 60 Minute Window will be used to allocate requests. If there is service remaining following the First Come First Served Allocation that cannot be allocated to any unallocated requests due to the minimum contract demand specified in the GSO Request Form, NGTL may provide prospective customers with unallocated requests the opportunity to revise their minimum contract demand to maximize the amount of service awarded in the Offering.

Requests allocated service in the GSO Allocation Process will be subject to conditions noted below in the section “Awarding Expansion Service” and not considered awarded service until such time as a PEA, Service Agreement (if required) and Schedule of Service have been issued to the prospective customer.

Deposit Process

Within 2 Banking Days of the ISO Closing Date or Offering Closing (as applicable), prospective customers, except those who are also customers receiving Service, other than Service under Rate Schedule IT-S or Rate Schedule FT-X, shall provide to NGTL for each request form submitted, a deposit equal to the lesser of:

1. 2 months demand charges for the requested contract demand set out in the request form, calculated based on the tolls in place when the request form was submitted; or
2. $350,000.

The deposit, if provided, shall be refunded to unsuccessful requesters, including those requesters whose requests were rejected for failing to comply with the offering conditions set out above, within 5 Banking Days from the date the agreements are executed for all Offering Expansion Service.

If NGTL awards Expansion Service to a prospective customer, such customer shall:

1. execute, within the time period specified by NGTL, the PEA, a Service Agreement (if applicable) and Schedule of Service under Rate Schedule FT-D or Rate Schedule OS (as applicable) for such Expansion Service;
2. provide sufficient financial information to demonstrate its creditworthiness, as determined by NGTL in its sole discretion; and
3. provide a Financial Assurance to NGTL as required.

If a deposit has been provided and NGTL awards Expansion Service to a prospective customer, and such customer meets the requirements in (a), (b) and (c) above, the deposit will be refunded within 5 Banking Days from the date the agreements are fully executed and the requirements in (b) and (c), as applicable, are met.

If a deposit has been provided and NGTL awards Expansion Service to a prospective customer and such customer fails to meet the requirements in (a), (b) and (c) above, the Expansion Service allocated to such prospective customer shall be retracted and such prospective customer will either forfeit the deposit provided to NGTL or if no deposit had been provided in accordance with the Deposit Process, then such prospective customer shall immediately pay NGTL an amount equal to the lesser of:

1. 2 months demand charges for the requested contract demand set out in the request form, calculated based on the tolls in place when the request form was submitted; or
2. $350,000.

Awarding Expansion Service:

NGTL anticipates providing notice to allocated ISO requesters by April 10, 2026 and allocated GSO requesters as soon as possible following the Offering Closing. The award of service pursuant to an allocated request will be subject to NGTL’s evaluation of facilities required for delivery of service, both customer specific and otherwise, and will require successful requesters to execute a PEA, a Service Agreement (if required) and a Schedule of Service for the awarded service. To the extent a prospective customer’s request for service requires new or modified customer specific facilities and/or further expansion facilities, as determined by NGTL in its sole discretion, NGTL reserves the right to retract the allocation of service prior to the issuance of a PEA, Service Agreement (if required) and Schedule of Service and return any deposits or financial assurances provided, even if the allocation of service meets or exceeds the Requested Minimum Contract Demand.

Upon receipt of the PEA, Service Agreement (if required) and Schedule of Service, successful requesters will have 5 Banking Days to return executed documents and to satisfy Financial Assurance requirements. The amount of Financial Assurance that NGTL may request from the successful requester will be:

1. for customers requiring new customer specific facilities or modifications to existing customer specific facilities, an amount payable to NGTL under the PEA of the estimated costs and expenses of such customer specific facilities; or
2. if no new or modified customer specific or modified facilities are required, then an amount payable to NGTL under the Schedule of Service of 70 days plus one month for each year of term, up to 12 months total.

Conditions for Awarding Service

The total amount of Expansion Service to be awarded in this Offering will depend on various factors including, but not limited to, expected utilization, location and System hydraulics. If the Offering is either undersubscribed or oversubscribed, NGTL reserves the right, in its sole discretion, to reduce or expand the size of the Offering, cancel the Offering, amend the expansion facility set or offer the Expansion Service for a future targeted service commencement date.

All capitalized terms not defined herein have the meaning ascribed to them in the NGTL Tariff.

 

For more information, please contact your Marketing Representative.