Platts extends feedback period for Transco Zone 5 natural gas index methodology change proposal

Platts, part of S&P Global Commodity Insights, has extended the deadline to submit feedback regarding its proposal to change the Transco Zone 5 natural gas index methodology to May 3.

A link to the original proposal, published March 7, can be found here: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/030724-platts-proposes-changes-to-transco-zone-5-natural-gas-index-methodology.

The implementation of the proposed changes is dependent on the "commercial start-up" of Mountain Valley Pipeline (MVP). Platts is seeking additional market feedback on the following items:

1. How "commercial start-up" should be defined. Options may include but are not limited to: 1) when firm contracts for capacity on MVP are executed; 2) when some or all of the project facilities are authorized to be placed into service by FERC; 3) when volumes are observed to be flowing to the MVP-Cherrystone interconnect with Transco; or when some other event has occurred.
2. Whether "upon the commercial start-up" is the optimal time to implement the proposed methodology changes; or whether the timing should be modified to, e.g., 1) the first day of the month following commercial start-up; 2) the first day of the subsequent gas season following commercial start-up; or 3) some other date, linked to the project's commercial start-up or otherwise.

Platts also welcomes further feedback on all aspects of the proposal.

Please send feedback, comments, or questions to AmericasGasPricing@spglobal.com and pricegroup@spglobal.com by May 3, 2024.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.