The Beta Crude Connector (BCC) project is jointly owned by Frontier Midstream Solutions IV, LLC (FMSIV) and ConocoPhillips. FMSIV is the operator of BCC. BCC is one of the premier midstream solutions providers in the Midland Basin. The BCC system provides crude oil gathering and transportation services in the Midland Basin across Martin, Midland, Ector, and Andrews Counties, Texas. This system consists of approximately 90 miles of crude oil transportation pipeline and 200,000 barrels of operational storage in the Midland Basin of West Texas. The BCC project has the capacity to deliver nearly 180,000 barrels per day of crude oil to multiple delivery points, accessing local refineries and connecting to multiple downstream pipelines.
2 min read
Shriners Children’s began out of the polio epidemic in the late 1910s, with the first hospital opening in Shreveport in 1922. Today, they operate locations throughout the US and in two other countries, all with the same mission: to change and improve the lives of children. In addition to top-of-the-line treatments for children, Shriners also excels in research and physician education. With specialties in orthopedics, burns, craniofacial conditions, and many more, the hospitals follow the vision of the Shriners Fraternity to serve mankind through the care of children.
Topics: Clients Procurement Sustainability Resiliency
1 min read
Xpressdocs was founded nearly 25 years ago as an innovator in marketing technology solutions and helps clients build better brands by providing unique products. Xpressdocs is focused on the creation, production, and distribution of branded materials, marketing collateral, and communications with solutions that streamline processes, automate tasks, and empower a distributed workforce throughout North America.
Topics: Clients Procurement
1 min read
5 began working with The Museum of Modern Art, New York by providing services that helped the museum capitalize on energy-related tax rebates that are available to non-profit institutions in Con Edison’s service territory. Recently, with rising energy prices, MoMA contracted 5 to help develop a new and proactive procurement strategy for the museum’s natural gas and electricity requirements. 5’s energy team worked with the museum to develop a plan that makes incremental purchases in a rising and volatile energy market. Applying these best practices enables the museum to reduce its exposure to volatile prices while also lowering energy costs over time.
5 also assisted MoMA in processing and submitting an application to the New York Power Authority (NYPA) to obtain an allocation of low-cost hydroelectricity through the ReCharge NY program. The successful electricity allocation from this program, which is available to qualified businesses and non-profits throughout the state, materially lowers MoMA’s energy costs over the seven-year term of this award.
5 is privileged to work with an institution like MoMA that is committed to preserving, promoting, and inspiring the arts today and for the next generation of artists.
Topics: Clients Procurement
3 min read
Over the last few months, these updates have focused on the steady run-up in natural gas prices, and the correlation between US natural gas prices and gas prices in other parts of the world, specifically the price of LNG in Asia and Europe. Each month it may seem like a broken record (pun intended, get it?) as we report that wholesale natural gas prices have hit new, record highs. This month, domestic natural gas soared to 10+ year highs, which pushed short-term forward prices to levels we have not seen since early 2008. The last time prices were this high, this country was in the midst of “the Great Recession” and “hydraulic fracturing” was just emerging as a technology that sent a very volatile gas market into a decade of slowly declining prices.
Topics: Markets Natural Gas Procurement
1 min read
MacArthur Boulevard Baptist Church is a large church community in Irving, Texas with many families throughout the Dallas-Fort Worth Metroplex. The church campus consists of two large, interconnected buildings that support worship services and many other activities related to both youth and adult faith formation. Energy expenses are a significant operating expense, given the large campus and the numerous services offered by the church.
Topics: Clients Procurement Sustainability Renewables
1 min read
Black Rifle Coffee Company (BRCC) is a Veteran-owned business that was founded in 2014 by former U.S. Army Green Beret, Evan Hafer. Through the company’s tremendous growth, they have committed to hiring 10,000 Veterans to provide opportunities to the military community to help build and support the brand. Additionally, the company also launched the BRCC Fund to support Veterans, first responders, and their families while helping to conserve the great American outdoors.
When companies experience fast-paced growth, several energy-related issues usually appear. That was certainly the case with BRCC when they first engaged the team at 5 for help. The first issue that needed to be addressed was the high rates that some of the BRCC locations were paying after simply calling a supplier’s 800-number to turn on service using a utility default price. In many cases, the supply rate for off-the-shelf pricing could be anywhere from 30-60% higher than competitive market rates obtained through customized pricing. The procurement team at 5 worked alongside BRCC to secure better rates while also selecting better contract terms and conditions based on the power market conditions. The result was dramatic savings for the client over an extended contract term.
In addition to obtaining better rates, BRCC also turned to 5’s Construction Services Team to handle new meter installations, temporary power, and permanent power cut-overs for each new store opening. The team at 5 delivered with accuracy and consistency as BRCC locations are no longer experiencing the frustration of delayed openings due to utility hurdles and extended lead times.
5’s Construction Services Team provides construction-related services to both general contractors on design-build construction projects and to clients that are expanding and building new facilities. In both instances, 5 is brought in as a part of the construction management team to provide the necessary planning and to serve as a liaison with the local utility. 5 works directly with architects, engineers, and general contractors to establish utility services that are coordinated with construction project timelines and in compliance with municipal inspection requirements.
Topics: Clients Case Studies Procurement
1 min read
Brightview Senior Living was founded in 1999, built on the idea that a great place to work is a great place to live. Today Brightview builds, owns, and operates 45 senior living communities in eight states along the East Coast: Connecticut, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Rhode Island, and Virginia. Brightview communities offer residential apartments for active seniors who are independent and those seniors who require varying degrees of assistance due to Alzheimer’s disease and other forms of dementia.
Topics: Clients Case Studies Procurement Resiliency
2 min read
Liberty Science Center is a 300,000-square-foot learning center located in Liberty State Park on the Jersey City bank of the Hudson River near the Statue of Liberty. It houses 12 museum exhibition halls, a live animal collection with 110 species, giant aquariums, a 3D theater, live simulcast surgeries, hurricane- and tornado-force wind simulators, and the Western Hemisphere's biggest planetarium—the Jennifer Chalsty Planetarium and LSC Giant Dome Theater. More than 750,000 students, teachers, and parents visit Liberty Science Center each year, and tens of thousands more participate in the Center's off-site and online programs.
Proactively controlling energy expenses and consistently reducing energy usage has always been a top priority for Liberty Science Center. The facilities and operations staff have looked to the team at 5 as a trusted partner to advise on best practices for electricity procurement and the implementation of a purchasing strategy that takes their existing solar arrays into account. Through a competitive procurement process, electricity contracts were recently put in place that leveraged 5’s proprietary energy market platform to identify strategic purchasing opportunities. Liberty Science Center has also aggressively participated in Demand Response programs and taken steps to reduce electricity usage to parts of the museum during periods of peak demand, which has provided an additional revenue stream to the museum over the last decade.
Liberty Science Center has also relied on 5 to provide regular updates on regulatory issues that are shaping energy markets in New Jersey. 5’s advisory services have helped Liberty Science Center to take both regulatory and market forces into account as they plan and forecast their energy costs into the future. Paola Amato, Director of Facilities at the Liberty Science Center said, “At a nonprofit like ours, keeping energy use efficient and reducing costs is a big part of the job. 5 has always been a terrific partner in these efforts.” Additionally, Chief Engineer Ronald Taglieri said, “We have faced a lot of unpredictable challenges in the past two years. 5’s partnership as we navigated our institution’s future was invaluable.”
5 is privileged to support and partner with an institution that is committed to inspiring the next generation of scientists and engineers through the power, promise, and pure fun of science and technology.
3 min read
One of the most common questions clients ask when purchasing electricity or natural gas is, “How much money will this save me?” This was a reasonable question and for many years savings could be realized because energy prices had been trending lower. Figure 1 shows how the NYMEX has settled over the last 28 years. This chart shows that natural gas hit its peak in 2006 in the wake of Hurricane Katrina and Rita where gas prices approached $14/Dth.