Bids start on May 9,
2024
TORONTO, May 9, 2024
/PRNewswire/ - Enbridge Gas is announcing a binding open
season for peak storage services at the Dawn Hub storage facility
for service beginning as early as April 1, 2025.
Any shipper seeking access to flexible, customized premium
storage for peaking service needs can submit bids for a minimum
term of three years. Multiple bids will be considered.
All bids are due on or before 2 p.m.
ET / 1 p.m. CT, on
May 16, 2024. Enbridge Gas expects to
award capacity on or before 4 p.m. ET
/ 3 p.m. CT, on May 16, 2024. Enbridge Gas reserves the
right to reject any and all bids at its sole discretion.
Enbridge Gas' Peak Storage Service offers shippers unparalleled
flexibility to meet their requirements and reduce operational
costs.
Benefits for shippers include the ability to:
- Capture daily, monthly, and seasonal price
volatility/spreads
- Balance demand and supply needs - meet peaking requirements,
diversify supply, and protect downstream markets
- Hedge commodity purchases - fixed gas costs and protection from
gas price run-ups
- Improve load factor on upstream and downstream pipelines by
right sizing storage
- Bundle storage with other services like C1/M12 transportation
to satisfy market opportunities in Ontario, Quebec, and the U.S. Northeast
The Enbridge Gas - Dawn Hub is the largest integrated natural
gas storage facility in Canada and
one of the largest in North
America. It offers customers, such as power generators,
distribution and pipeline companies and energy marketers, an
important link in the movement of natural gas from key supply
basins to markets in central Canada and the northeast U.S. For more
information, visit www.enbridgegas.com/openseason.
About Enbridge Gas Inc.
Enbridge Gas is Canada's largest natural gas
storage, transmission and distribution company based
in Ontario, serving customers for over 175 years. The
distribution business provides safe, affordable, reliable energy to
about 3.9 million customers and is transitioning to a clean energy
future through net-zero emissions targets and investments in
innovative low-carbon energy solutions. The storage and
transmission business offers a variety of storage and
transportation services to customers at the Dawn Hub, the largest
integrated underground storage facility in Canada and one
of the largest in North America. Enbridge Gas is owned by
Enbridge Inc., a Canadian-based leader in energy transportation and
distribution. Visit enbridgegas.com to learn more.
Questions: Contact your Storage and Transportation Account
Manager: Storage and Transportation Team | Enbridge Gas
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SOURCE Enbridge Gas Inc.