1 / 4

Proposed Keystone Transaction

Proposed Keystone Transaction. Note: All $ amounts are for illustrative purposes only and should not be construed as actual transactable prices. Note: All $ amounts are for illustrative purposes only and should not be construed as actual transactable prices. Scenario 1. ENA is not involved

prisca
Download Presentation

Proposed Keystone Transaction

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Proposed Keystone Transaction Note: All $ amounts are for illustrative purposes only and should not be construed as actual transactable prices.

  2. Note: All $ amounts are for illustrative purposes only and should not be construed as actual transactable prices. Scenario 1 • ENA is not involved • Assume Keystone charges $10.00/Dth/mo for service $$ (used to acquire Horsepower & Base Gas) Bank Keystone Principal & Interest $10.00/Dth/mo Capacity NNG Increased Rate Base Improved service; capacity for balancing Rate Payers

  3. Note: All $ amounts are for illustrative purposes only and should not be construed as actual transactable prices. Scenario 2 • ENA supplies a structured horsepower transaction; does not finance base gas • ENA receives from Keystone 0.97MM Dth/mo of capacity ($9.7MM/$10.00/Dth/mo) in exchange for structured horsepower that Keystone values at $10.0MM • ENA provides structured horsepower for $5.0MM • ENA sells to NNG 0.97MM Dth/mo of capacity for $9.3MM; Savings = $0.4MM • First 0.97MM Dth/mo of capacity will cost NNG $9.59/Dth/mo • Capacity beyond 0.97MM Dth/mo will cost $10.00/Dth/mo Structured horsepower ($10.0MM) +$4.3MM +$0.3MM $5.0 MM ECS ENA Keystone Structured horsepower Capacity ($9.7MM) $9.3MM Capacity ($9.7MM) $10.00/Dth/mo Capacity NNG +$0.4MM Improved service; capacity for balancing Increased Rate Base Rate Payers

  4. Note: All $ amounts are for illustrative purposes only and should not be construed as actual transactable prices. Scenario 3 • ENA supplies structured horsepower transaction; finances base gas • ENA receives from Keystone 1.02MM Dth of capacity ($10.2MM/$10.00/Dth/mo) in exchange for structured horsepower and base gas that Keystone values at $10.5MM • ENA provides structured horsepower and base gas for $5.5MM • ENA sells to NNG 1.02MM Dth/mo of capacity for $9.8MM (Savings = $0.4MM) • First 1.02MM Dth/mo of capacity will cost NNG $9.61/Dth/mo • Capacity beyond 1.02MM Dth/mo will cost $10.00/Dth/mo Base gas ($0.5MM), Structured horsepower ($10.0MM) +$4.3MM +$0.3MM $5.5 MM ECS & EGS ENA Keystone Base gas & Structured horsepower Capacity ($10.2MM) $9.8MM Capacity ($10.2MM) $10.00/Dth/mo Capacity NNG +$0.4MM Improved service; capacity for balancing Increased Rate Base Rate Payers

More Related