GRP: Just What Does The Term "Open Season" Mean You May Ask?
FERC’s 1995 Policy Statement first endorsed the open season process in terms of mitigating rate increases on existing customers from rolled-in pricing. FERC sought to encourage capacity release from existing users prior to approving new construction. The open season process became the tool to check whether the project was the correct size.
By Robert Walton - SNL Financial
Monday, May 10, 2010 9:47 AM
If Oregon Pipeline Co. LLC wants FERC to continue reviewing its proposed system then the company must move ahead with an open season, commission staff said in a sternly worded May 14 letter
LNG Development Co. LLC d/b/a and Oregon Oregon LNG Pipeline Co. LLC are proposing to construct an LNG import terminal on the Skipanon Peninsula in Warrenton, Ore. A 120-mile pipeline would connect to a regional hub in Molalla, Ore. But according to FERC staff, the pipeline company has not yet held an open season, which is jeopardizing the review process.
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