Components of Service
- Firm Inventory
- Firm or As-Available (AA) Injection
- Firm or As-Available (AA) Withdrawal
Standard Features
- Negotiable injection, inventory, and withdrawal ratios
- Inventory required for the duration of contract
- Firm and As-Available injection and withdrawal available year-round
- Storage components may include reservation and usage price structures
- Injection/withdrawal pricing can be fixed, indexed, or structured for profit sharing
- Inventory transfers between Pacific Gas and Electric Company California Gas Transmission storage accounts
- Inventory reservation charges are pro-rated over term of contract
- Injection and withdrawal reservation fees are charged in applicable month
- Injecting gas already at the Citygate or withdrawing gas and moving it to another Citygate location incur no incremental transportation costs. These nominations use Mission On as-available transportation, which has zero cost.
- Gas from any interconnect may be injected by using on-system transportation on the appropriate path
- Gas may be withdrawn and moved to any interconnect by using Mission Off transportation
Value-Added Features
- Imbalance trading
- Transportation to other receipt points (i.e., pipeline interconnects)
- Trades to and from Market Center Park and Lend accounts
- Transfers using Market Center to other receipt points
Benefits
- Arbitrage
- Capture short-term price volatility opportunities or seasonal price differentials
- Hedging
- Ensure commodity price to reduce risk
- Supply Protection
- Deliveries from storage are diverted last during an involuntary diversion
Deliveries from storage are not affected by upstream pipeline interconnect constraints
- Year-Round Injection and Withdrawal Services
- Firm and As-Available services provide year-round injection and withdrawal capability facilitating multiple inventory cycles and adding flexibility
- Storage to Citygate Transport
- Mission Path transportation from storage accounts to Citygate at no charge
- Imbalance Trading
- Provides flexibility in managing transportation imbalances
- Park/Lend Account Trading
- Trading from a park/lend account to a storage account does not require a nomination
- Inventory Transfer
- Storage balances can be traded with other storage customers adding flexibility in portfolio management
- Backup Supply
- Storage as a backup supply can allow elimination of existing alternate fuel systems
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