SUBSCRIBER NOTE Platts proposes sublistings for Transco, zone 6 non-NY North

Following initial review of market conditions, Platts is now seeking formal feedback on a proposal to add to its daily and monthly bidweek price surveys sub-listings for Transco zone 6, non-New York North.

Platts is proposing to add the new listings for the bidweek market on January 2, 2015, covering late December bidweek trading for January delivery, and on January 5 for the daily market, covering trade date January 2. In the non-New York portion of Transco's zone 6, which extends from the Virginia/Maryland border to markets south of Linden, New Jersey, price values have bifurcated since last winter, with delivered values on the capacity constrained portion of the zone south of Station 195 at the Maryland/Pennsylvania border rising well above those north of the station.

To bring more transparency to the pricing region, Platts proposes to add a listing for the northern portion of Transco's zone 6, non-NY, which will be composed of only transactions delivered from Transco to markets and interconnects north of Station 196 in York, Pennsylvania, excluding deliveries in the Leidy Hub area and to New York city-gates downstream of Linden, N.J.

There will be no change to the existing Platts listing for Transco, zone 6 non-NY, which is composed of all non-NY delivered transactions both north and south of Station 196.

Platts has considered adding a separate listing for the southern portion of Transco, zone 6 non-NY, but has opted not to propose it at this time due to a lack of trade liquidity.

The proposed description for the new location would be:

Transco, zone 6 non-N.Y. North (daily and monthly survey) Deliveries from Transcontinental Gas Pipe Line from Station 195 in York, Pa. to the Linden, NJ, compressor station and on the Leidy Line south of Clinton County, Pa. The non-New York point does not include deliveries to Public Service Electric and Gas in New Jersey, whose supply is taken downstream of Linden.

The proposed Transco, zone 6 non-N.Y. North listing would appear in the "Northeast" section of the "Market Center Spot Gas Prices" table in Inside FERC's Gas Market Report, Energy Trader and Gas Daily Price Guide, in the "Citygates" section of Gas Daily's "Daily price survey" table, and Platts Natural Gas Alert pages 433 and 495. Additionally, the new listing would appear in the "Northeast" section of the "Market Center Bidweek Physical Basis Prices" table in Inside FERC's Gas Market Report.

Please send all comments to gas_survey_comments@platts.com and pricegroup@platts.com by October 24, 2014. 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.