Something that started out as a service tool turned into a facilitator for liquidity in the Alberta market.

NOVA Inventory Transfers (NITs) are an evolution of Daily Inventory Transfers (DITs), which were developed in 1990. DITs were a procedure developed to fulfill the need to balance accounts for Alberta customers over a monthly period.

In 1992, supply/demand balancing was implemented through the Tolls, Tariff and Procedure (TTP) committee as a pilot procedure. This process was developed in response to linepack management concerns and required customers to balance their Alberta System account on a daily basis. To help support this new procedure, NITs were introduced in 1993 as a daily balancing tool for our customers. Free of charge, customers are able to transfer gas to and from their accounts, for any number of days.

The NIT service has become a valuable and highly utilized tool. In the beginning, five NIT's totaled about 87 TJs. Today, we see approximately 4,500 NITs daily totaling over 43,000 TJs. Used initially as an account-balancing tool, NITs have also added to the liquidity of the market place. In the first couple of years, all NITs were faxed, entered manually and filed. Today customers use NrG for all their NIT transactions, not just on a daily basis but for long term and future deals as well.

View the summary of NIT's in effect since November 1993

In anticipation of our One-Millionth NIT, check out our "Pick the NIT and WIN!" contest.

For more information, please contact Hugh Paulin at (403) 920-5976.