What is a “Bona Fide” AMA - CommPartners

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Flexibility in AMAs • Capacity released subject to AMA becomes the Asset Manager’s to use as it chooses, subject to the put/call obligation • Even when the put/call option is exercised by the releasing shipper, the Asset Manager may supply gas by whatever means it chooses • The Releasing Shipper is not required to exercise its put/ call option 28
Flexibility in AMAs (cont’d) • FERC also granted a limited exception to its buy-sell prohibition to enable asset managers to buy from or sell to third parties at the direction of the releasing shipper • Profit sharing � Does not trigger FERC’s capacity release rate cap • Today watch for: � Cross border AMAs � Novating supply agreements; entering into new supply agreements 29
Page 1 and 2: ACC Energy Committee Webinar Natura
Page 3 and 4: Types of Pipeline and Storage Capac
Page 5 and 6: Existing Interstate Capacity • Op
Page 7 and 8: Common Tariff Provisions - Not Nego
Page 9 and 10: Permissible “Non-Conforming” Pr
Page 11 and 12: The Precedent Agreement • Open Se
Page 13 and 14: The Service Agreement • Service a
Page 15 and 16: FERC’s Capacity Release Program
Page 17 and 18: Prearranged Capacity Release • Re
Page 19 and 20: Limits on Discounted Releases for 3
Page 21 and 22: Negotiating Asset Management Arrang
Page 23 and 24: AMAs (cont’d) • Three FERC rule
Page 25 and 26: What is a “Bona Fide” AMA • T
Page 27: Posting Requirements for AMAs • A
Page 31 and 32: Negotiating Terms • 311 - Service
Page 33 and 34: Questions? Thank You!

What is a “Bona Fide” AMA - CommPartners

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