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HomeMy WebLinkAboutINS-17-021 - Natural Gas Storage Transportation Contract - Union Gas REPORT TO: Committee of the Whole DATE OF MEETING: March 20, 2017 SUBMITTED BY: Jim Edmondson : Interim Director – Utilities 519-741-2600 ext. 4538 PREPARED BY: Danny Persaud, Manager, Gas Supply and Regulations, ext. 4255, Loraine Baillargeon, Manager, Asset Optimization, ext. 4532 WARD(S) INVOLVED: All DATE OF REPORT: March 15, 2017 REPORT NO.: INS-17-021 SUBJECT: Natural Gas Storage & Transportation Contract with Union Gas ___________________________________________________________________________ RECOMMENDATION: That the Mayor and Clerk be authorized to execute an agreement with Union Gas pertaining to natural gas storage and transportation ("T3 Contract") effective April 1, 2017, for a two year term ending on March 31, 2019; said agreement is to be satisfactory to the City Solicitor, as outlined in INS Report INS-17-021. BACKGROUND: Kitchener Utilities manages all of the City’s direct and system gas purchase arrangements under a single T3 Contract with Union Gas. The T3 Contract with Union Gas provides Kitchener Utilities with firm access to Union’s underground gas storage facilities near Sarnia (Dawn) Ontario and its gas transmission facilities between Dawn and Milton (Trafalgar) Ontario. Most of the gas used annually by Kitchener Utilities customers is during the winter heating season. The storage facilities under the T3 contract with Union Gas allow Kitchener Utilities to inject excess gas supplies into storage during the summer when demand is low and to withdraw gas from storage during the winter to supplement flowing gas supplies when demand is high. The storage space and related firm injection and withdrawal rights are the most economical means of balancing the varying seasonal demands of the City’s gas utility customers. REPORT: The T3 Contract with Union Gas is up for renewal on April 1, 2017. *** This information is available in accessible formats upon request. *** Please call 519-741-2345 or TTY 1-866-969-9994 for assistance. 8. - 1 The T3 Contract is essential to the gas operations of Kitchener Utilities. The rates charged by Union Gas under the T3 Contract are reviewed and approved by the Ontario Energy Board (OEB). There are no alternatives to Union Gas for comparably economic physical connection to gas storage and transmission facilities that would meet the City’s current and future needs to provide gas service to its utility customers. Accordingly, Kitchener Utilities remains vigilant and participates actively in Union Gas rates hearings before the OEB to ensure its interests and those of our customers are fairly considered. The cost of the new T3 contract has increased substantially (approximately 20%) over the prior contract. This increase is primarily attributed to expansion and renewal of capital infrastructure on Union’s transmission system and other transmission related costs. The costs have been scrutinized by the OEB and found to be prudent. ALIGNMENT WITH CITY OF KITCHENER STRATEGIC PLAN: The recommendation of this report supports the achievement of the city’s strategic vision through the delivery of core service. FINANCIAL IMPLICATIONS: The total cost associated with this two-year contract is approximately $5.7 million per year. For reasons outlined above, this represents an increase of approximately $1 million (approximately 20%) over the prior contract. As the full financial impact of the contract renewal was not known during 2017 rate setting and budget deliberations, this increase will represent a negative variance in the 2017 Gas Delivery budget and a new pressure on delivery rates for 2018. Had the increase been incorporated into the delivery rate, it would represent a 1/3 of a cent increase to delivery rate (currently 6.989 cents per m³). COMMUNITY ENGAGEMENT: Not Applicable. ACKNOWLEDGED BY: Cynthia Fletcher, Interim Executive Director, Infrastructure Services 8. - 2