New Features, Content, and Important New Customer (FERC)
This Weekly Insights is a break from our usual viewpoints to let you know about recent useful upgrades to our platform and a piece of good news.
Good news first: We are delighted to now call FERC a customer. FERC is using the LawIQ Energy platform to assist its Office of Energy Projects in evaluating the permitting timelines for critical energy infrastructure projects. (press release) We look forward to supporting their data efforts and mission.
Platform Upgrades - Enhanced Operational Data and Project Cost Analytics
Since LawIQ's founding, the platform has continuously improved because of your generosity of time and innovative input. We are grateful to serve customers so willing to engage with us! Our most recent enhancements include new features, data analytics and models to bolster the value for our customers across the entire energy value chain. Below is an overview:
| CATEGORY | NEW FEATURE | VALUE |
|---|---|---|
| Project Costs | Itemized cost data (labor, legal, materials, etc.) for over 200 historical projects. Forecasted final cost estimates for new development projects, with proprietary models. | Correlating schedule creep with cost overruns (and their line items) across cohorts of past projects can inform strategic decisions for project developers. LawIQ's analysis of more than 10 years of FERC data shows that almost half of FERC-approved projects end up 31% over original costs. Using precise cost assumptions to forecast lifetime earnings potential for a new project can mean more accurate cash flow modeling and better returns. |
NEXUS - Total Project Cost Model and Probability
| Returns on Equity | Updated Return on Equity (ROE) calculations, (with data inputs) for latest financial results. Now available for 34 natural gas pipelines. | LawIQ's ROE calculations provide an indicator of the earning potential of an asset. The calculations can also identify those pipelines that may be screened for more formal regulatory scrutiny. With the recent tax policy changes, described in our recent white paper , this metric, along with rate case details, has become more crucial. |
|---|---|---|
ROE Calculation on Pipeline Page
| Historical Contract Data | Download and sort the last eight quarters (two years) of shipper and pipeline contracts. | Shippers, contractual terms, volumes, and tariff rate details are updated regularly. Spotting trends over recent periods can provide an opportunity to: Adjust asset cash flow projections, and Market new pipeline capacity with better competitive intelligence. For example, increasing shipper volumes and early renegotiations at current or higher rates may indicate longer term asset viability. Alternatively, an increase in short-term renewals, more seasonal-only contracts, or decreasing negotiated rates may indicate waning competitiveness. |
|---|---|---|
Tip: From the Interstate Pipeline page, click the "All" tab to see all contracts, then Export All Records to export all contracts for the last two years.
Interstate Pipeline Page
| Other Additions | Customized alerting on major regulatory events by company (natural gas and liquids). Alerting on new financial filings for natural gas and liquids operating assets. "Pre-filing" stage projects, a step earlier than our formal tracking of full applications. | |
|---|---|---|
| Previous Platform Updates (Q4'17) | Natural Gas - Intrastate Basin Search Natural Gas - Inter/Intrastate Receipt & Delivery Point Volumes. | |
| New Data Analytics | Natural Gas - Commodity Usage Rates Oil / Liquids - Quarterly Trunkline Throughput. |
Have questions about the new features? Want to make suggestions?
Let us know: info@lawiq.com.