2019 Constellation TCs.pdf

This document contains multiple Transaction Confirmations for natural gas supply agreements between Constellation NewEnergy - Gas Division, LLC (seller) and the Wisconsin Department of Administration (buyer) acting on behalf of the State of Wisconsin. The agreements are governed by a Base Contract for Sale and Purchase of Natural Gas (NAESB) effective June 8, 2016, and cover various state facilities including correctional institutions, universities, heating plants, mental health facilities, and other government buildings across Wisconsin.

The contracts establish natural gas supply arrangements for the 2019 calendar year with monthly fixed volumes and pricing structures. Most agreements are classified as "Secondary Firm" service, meaning deliveries are on a best-efforts basis up to the customer's maximum daily quantity, with performance subject to various operational conditions including force majeure and pipeline constraints. Pricing is structured on a physical basis with costs rounded to four decimal places plus applicable taxes, with prices ranging from approximately $0.0377 to $0.1640 per MMBtu depending on the facility and service area. The agreements include incremental pricing provisions for additional quantities beyond nominated volumes, balancing service requirements, operational flow order procedures, and default service extensions with successive 12-month terms unless terminated. All contracts include provisions for actual consumption billing and incorporate standard natural gas industry terms for delivery, transportation, and supply management.