Area 10 Xcel Viking.pdf
PDF 249 KB Posted
- Attached to
- Natural Gas Supply & Management Non-Firm
- Contract number
- 505ENT-M16-NATURALGASWI-00
- Issued by
- Wisconsin
About this file
This document is a Transaction Confirmation for natural gas supply between Constellation NewEnergy-Gas Division, LLC (seller) and the State of Wisconsin (buyer), executed under a Gas Supply Agreement effective June 17, 2016. The confirmation covers three Wisconsin facilities: UW Stout, UW Eau Claire, and Northern Wisconsin Center, with gas delivery through the Viking Pipeline to delivery points in Menomonie, Eau Claire, and Chippewa Falls, served by NSP-WI utility.
The contract establishes a Physical Basis deal for natural gas delivery from January 1, 2021, through December 31, 2021, with monthly quantities ranging from 12,591 MMBtu in June to 78,536 MMBtu in January, totaling 481,539 MMBtu for the year. All monthly deliveries are priced at $0.22310 per MMBtu, with the price inclusive of fuel to delivery point but representing basis only (commodity pricing based on NYMEX last day settle prices). The agreement operates under "Secondary Firm" service terms, meaning deliveries are best-efforts and subject to potential interruption under specified conditions. Additional quantities beyond the fixed monthly amounts will be priced at then-current market rates as determined by Constellation, and the contract includes an automatic month-to-month extension provision with 30-day termination notice requirements.
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© 2018 Constellation Energy Resources, LLC. The offerings described herein are those of either Constellation NewEnergy-Gas Division, LLC or Constellation NewEnergy, Inc., affiliates of each other and ultimate subsidiaries of Exelon Corporation. Brand names and product names are trademarks or service marks of their respective holders. All rights reserved. Errors and omissions excepted .
Page 1 of 3 DEAL NO. 1214465, 1214460, 1214463
**DRAFT**
Transaction Confirmation
This Transaction Confirmation is delivered pursuant to and in accordance with a gas supply agreement ("Gas Supply
Agreement"), effective 6/17/2016, by and between Constellation NewEnergy-Gas Division, LLC ("Constellation") and State of Wisconsin ("Customer"), and is subject to and made part of the terms and conditions of such Gas
Supply Agreement.
Trade Date:
10/8/2020
Buyer:
State of Wisconsin
Seller:
Constellation NewEnergy - Gas Division, LLC (CNEGAS)
Facility Name:
State of WI - UW Stout
State of WI - UW Eau Claire State of WI - Northern Wisconsin Center
Delivery Period:
1/1/2021 - 12/31/2021 (inclusive)
Nature of Obligation: Secondary Firm - "Secondary Firm" means deliveries and receipts will be on a best-efforts basis up to Customer's maximum daily quantity and performance may be interrupted without liability to the extent that one or more of the following conditions are present: (i)
Force Majeure; (ii) curtailment by the local distribution company owning and/or controlling and maintaining the distribution system required for delivery of gas to the Facility(ies) (the
"Utility"); (iii) curtailment of supply by a natural gas supplier; (iv) curtailment of storage by a storage provider; (v) curtailment of transportation by a gas gathering or pipeline company, or Utility (each a "Transporter"), transporting gas for CNEG or Customer downstream or upstream of the Delivery Point(s), including, but not limited to, transportation between secondary firm points; (vi) recall of transportation capacity release by its releaser; or (vii) curtailment of gas production behind a specific meter.
Deal Type:
Physical Basis
Contract Quantity/Price :
Year 2021
Contract Month Fixed Amount (MMBtu) Price
January 78,536.0 $0.22310
February 74,318.0 $0.22310
March 51,723.0 $0.22310
April 39,511.0 $0.22310
May 17,069.0 $0.22310
June 12,591.0 $0.22310
July 13,142.0 $0.22310
August 15,483.0 $0.22310
September 18,467.0 $0.22310
October 36,455.0 $0.22310
November 56,141.0 $0.22310
December 68,103.0 $0.22310
Account Manager: Sherron, Lori DEAL NO. 1214465
(667) 313-1941 1214460 lori.sherron@constellation.com 1214463
REVISED
© 2018 Constellation Energy Resources, LLC. The offerings described herein are those of either Constellation NewEnergy-Gas Division, LLC or Constellation NewEnergy, Inc., affiliates of each other and ultimate subsidiaries of Exelon Corporation. Brand names and product names are trademarks or service marks of their respective holders. All rights reserved. Errors and omissions excepted .
Page 2 of 3 DEAL NO. 1214465, 1214460, 1214463
US$ Rounded to five decimal places Plus applicable taxes
Volume: 1 MMBtu=10 THERMS Price: Per MMBtu price / 10=per THERM price
The price referenced herein is inclusive of fuel to the delivery point.
The price referenced herein represents basis only and does not include any applicable commodity price. For the fixed quantities and Delivery Period shown herein, if Customer has not otherwise locked the commodity price for a specific month, the commodity price shall be the NYMEX last day settle price for that month.
Incremental Pricing: For all additional quantities required by Customer, in excess of the fixed quantities listed herein in combination with any other nominated quantities, or for gas quantities bought back from Customer by Constellation due to Customer’s requirements being less than the total nominated volumes each month, the price for such additional purchases or buybacks shall be based on the then current market price, as determined by Constellation in its reasonable discretion.
If Constellation and Customer have previously entered into any commodity transaction(s) for the Facility (the "Previous Transaction") that overlap one or more of the delivery months covered in this Transaction Confirmation (the
"Overlapping Month(s)"), the incremental gas pricing in this Transaction Confirmation shall apply to the Overlapping
Months instead of any conflicting incremental gas pricing associated with the Previous Transaction.
Pipeline: VIKING
Delivery Point(s): Menomonie; Eau Claire; Chippewa Falls
Utility: NSP-WI
LDC Account No(s): 302266256; 303787093; 303498986
Seller's planned billing method for this facility is to bill Buyer based on: Nomination
Default Service : Should Constellation continue to deliver to Customer beyond the term of this Transaction Confirmation, said deliveries will be made for successive 1 month terms (each an "Extension Term"), until terminated by either party by giving written notice of termination not less than 30 days prior to the expiration of the then-current
Extension Term. Each month, the default price (the "Evergreen Price") will equal the applicable published index, plus transportation, fuel and any other charges associated with the delivery of gas to the Delivery Point. Unless otherwise provided by Customer, Constellation will determine Customer's monthly nomination in a commercially reasonable manner based upon Customer's historical usage data.
(SIGNATURE BLOCKS FOLLOW ON NEXT PAGE)
© 2018 Constellation Energy Resources, LLC. The offerings described herein are those of either Constellation NewEnergy-Gas Division, LLC or Constellation NewEnergy, Inc., affiliates of each other and ultimate subsidiaries of Exelon Corporation. Brand names and product names are trademarks or service marks of their respective holders. All rights reserved. Errors and omissions excepted .
Page 3 of 3 DEAL NO. 1214465, 1214460, 1214463
This Transaction Confirmation documents an agreement previously reached by authorized representatives of the parties. Unless disputed by Customer in writing within two (2) business days of Constellation's execution date, or such other time frame as specified in the Gas Supply Agreement, it is binding and shall be deemed accepted.
Please return via the DocuSign E-Signature process or email to CNEGTransactionConfirmations@Constellation.com.
Constellation NewEnergy-Gas Division, LLC State of Wisconsin
By:
By:
*CustomerSignature1
Name: Nancy H. Fischer
Name: *CustomerSignerName1
Title: Vice President- Retail Ops
Title: *CustomerSignerTitle1
Date:
Date: *CustomerSignedDate1
Customer ID RG-152671; RG-152732; RG-152751 Contract No. CESNG19348
Deal No. 1214465 1214460
1214463
12/31/2020 7:54:02 AM
mailto:CNEGTransactionConfirmations@Constellation.com
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| RG-152671_State of Wisconsin_1214465.pdf |
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