2031 FTR Service Offering

2031 NGTL FT-R Service Offering (“Service 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-R for receipt of gas to Receipt Points (“FT-R”) in Segment 4 GRDL, as a result of new expansion Facilities (“Expansion Service”).  

Estimated Expansion Service, Targeted Service Commencement and Term:

Total estimated Expansion Service:  approximately 14,000 10³m³/day

Targeted service commencement date:     April 1, 2031

Term: 20 Years (consisting of a minimum 5 year Primary Term with the remaining term to be restricted Secondary Term) for applicable locations on the North Montney Mainline (“NMML”) and 8 years (consisting of a minimum 5 year Primary Term with the remaining term to be Secondary Term) for applicable locations not located on NMML.

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

How To Participate:

The Service Offering will commence on June 16, 2026 at 10:00am Mountain Time (“MT”) and close on July 21, 2026 at 10:00am MT (“Offering Closing”).

Prospective customers may participate in the Service Offering as follows:

1. Prospective customers shall submit a completed and executed Service Offering request form (“Service Offering Request Form”) which can be accessed through this link. A completed and executed Service Offering 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 Service Offering Request Forms being rejected:

1. Prospective customers must submit only one Service Offering Request Form per eligible location. While prospective customers may submit more than one Service Offering Request Form if more than one eligible location is desired, the total of all requests from a prospective customer, including requests from Affiliates[1], shall not exceed the Expansion Service being offered.
2. If an FT-R request for service requires new customer specific facilities, the Requested Minimum Contract Demand in the Service Offering Request Form must be equal to or greater than 142 10³m³/day and may not exceed the total Expansion Service being offered.

3. All Service Offering Request Forms submitted are irrevocable and binding after the Offering Closing.  NGTL may accept revisions to requests before the Offering Closing at NGTL’s discretion and the last Service Offering Request Form received for the eligible location will be deemed to be the final Service Offering Request Form.  Requests are deemed to be received at the time the last Service Offering Request Form was received before the Offering Closing.
4. Prospective customers must follow and complete all steps of the Deposit Process noted below.

Service Offering Allocation Process (“Allocation Process”)

Step 1:

1. If the aggregate requested contract demand is less than the Expansion Service offered, NGTL will allocate the requested contract demand to all requests.
2. If the aggregate requested contract demand exceeds the 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 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 Service Offering 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 Step 1, it will be allocated using a first come, first served basis (“First Come First Served Allocation”), where remaining service is allocated 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 June 16, 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 Service Offering 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 Service Offering.

Requests allocated service in the 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.

Deposit Process

Within 2 Banking Days of the Offering Closing, 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 service offering conditions set out above, within 5 Banking Days from the date the agreements are executed for all Service Offering Expansion Service.

If NGTL awards Expansion Service to a prospective customer, such customer shall, within the time periods specified below, calculated from the date the prospective customer receives the PEA, Service Agreement (if applicable), and Schedule of Service:

1. execute the PEA, a Service Agreement (if applicable) and Schedule of Service under Rate Schedule FT-R for such Expansion Service within 5 Banking Days;
2. provide sufficient financial information to demonstrate its creditworthiness, as determined by NGTL in its sole discretion within 10 Banking Days; and
3. provide a Financial Assurance, as required, to NGTL within 10 Banking Days.

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 either (a), (b) or (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 Service Offering 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 provision of service, both customer specific and otherwise. To the extent a prospective customer’s request 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 withdraw 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 10 Banking Days to satisfy Financial Assurance requirements as set out in the above section “Deposit Process”. The amount of Financial Assurance that NGTL may request from the successful requester will be:

1. for customers requiring new or modified customer specific facilities or modifications to existing 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 facilities or modifications to existing facilities are required, then an amount payable to NGTL under the Schedule of Service for a period of 70 Days.

Conditions for Awarding Service

The total amount of Expansion Service to be awarded in this Service 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 Service Offering, cancel the Service 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